Pharmaceutical

Fighting counterfeit pharmaceutical goods through blockchain technology

According to Interpol, approximately one million people die each year from counterfeit drugs. This is of great concern, as over 50% of pharmaceutical products sold through rogue websites are considered fake, and up to 30% of pharmaceutical products sold in emerging markets are counterfeit. 

The solution is to show that pharmaceutical products have come from legitimate manufacturers, are not counterfeit, and have been correctly handled throughout their journey from origin to consumer.  This not only reassures the end customer at the point of purchase that their medicines are genuine and in perfect condition but has potentially life-saving implications. 

pharmaceutical
Fighting counterfeit pharmaceutical goods through blockchain technology

According to Interpol, approximately one million people die each year from counterfeit drugs. This is of great concern, as over 50% of pharmaceutical products sold through rogue websites are considered fake, and up to 30% of pharmaceutical products sold in emerging markets are counterfeit. 

The solution is to show that pharmaceutical products have come from legitimate manufacturers, are not counterfeit, and have been correctly handled throughout their journey from origin to consumer.  This not only reassures the end customer at the point of purchase that their medicines are genuine and in perfect condition but has potentially life-saving implications. 

pharmaceutical
How BAF helps?

Blockchain technology is designed specifically to counteract the vulnerability of patients against counterfeit drugs and false medication. The solution itself is a blockchain-based serialisation project providing sophisticated verification capabilities to the pharmaceutical industry. 

Pharmaceutical serialization is the process of assigning a unique identity (e.g., a serial number) to each sealable unit, which is then linked to critical information about the product’s origin, batch number, and expiration date. 

REDUCED FRAUD

SECURED RECORDS

INCREASED EFFICIENCY

PROTECTED PRIVACY

How BAF helps?

Blockchain technology is designed specifically to counteract the vulnerability of patients against counterfeit drugs and false medication. The solution itself is a blockchain-based serialisation project providing sophisticated verification capabilities to the pharmaceutical industry. 

Pharmaceutical serialization is the process of assigning a unique identity (e.g., a serial number) to each sealable unit, which is then linked to critical information about the product’s origin, batch number, and expiration date. 

REDUCED FRAUD

SECURED RECORDS

INCREASED EFFICIENCY

PROTECTED PRIVACY