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Blockchain Development & Solution Company For Pharma Industry

We deliver bespoke pharmaceutical blockchain solutions explicitly developed to overcome the pitfalls in the traditional pharma supply chain.

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Blockchain Development & Solution Provider Company

Blockchain's wide-reaching applications, from financial services to energy suppliers, are proving to be a boon for the market. It allows for secure, fast transactions all over the globe without any intermediaries. It is essential to use it in the pharmaceutical industry in order to reduce the complexity of the medical record management as well as the drug supply chain system. It is difficult to maintain permanent, error-free and incorruptible patient medical records. However, it is necessary to provide timely treatment to patients in crisis. Other problems in the pharma industry include counterfeit drugs, multiple stakeholder in the medical supply chain and lack of transparency when testing and researching. The healthcare industry has many problems, and blockchain technology can solve them all.

Clarisco Solution is a technology-driven company that can help develop and launch software solutions that optimize the pharmaceutical industry. It will provide a secure and clutter-free solution that meets your business needs.

What are the challenges in the pharmaceutical industry?

Nowadays, people are more concerned about their health and the substances they consume. Though we are using more advanced technology, we are not equipped to manage some severe challenges in the healthcare and pharmaceutical industry. The surge in blockchain-based solutions is expected to provide a better solution to the following problems.

Transparency

This is one of the unresolved problems in the pharma sector. The majority of consumers believe that doctors will prescribe the best drug for their condition. They aren't sure if the prescribed medication is right for them and don't know where they came from.

Counterfeit Drugs

These days, it is becoming more common to imitate a well-known drug. It's becoming more difficult to distinguish between real and fake drugs. This can cause harm to consumers and damage to the reputation of suppliers and manufacturers.

Inventory Management

It is still difficult for manufacturers to accurately assess market requirements. It is becoming more difficult to manage demand and supply without a good understanding. This will become a problem in times of emergency.

Medical Record Maintenance

To provide the best treatment, it is important to have access to the patient's medical records. Physicians will not be able to give the best treatment if they don't have access to this information. Physicians currently have limited access to the full data set.

Trustworthiness

Multiple third parties surround the Pharma industry, making it difficult to determine if the product is from the intended source. The chances of a drug being altered at any stage are high for intermediaries.

Blockchain solution in different areas of the pharmaceutical industry

Inventory Management

There is no clear connection between the manufacturers and the pharmacies due to the incredible number of incompatible computers providing nil access to data-related to consumer sales for manufacturers. Blockchain-based systems would enable manufacturers to have better visibility into the inventory of the wholesalers. This will help the manufacturers to prepare for the spike in demand and efficiently manage the flow of products and steady financial gains. It will reduce the significant financial burden in the inventory supply chain and eliminate the presence of unwanted third parties paid handsomely.

Drug Safety

The critical issue with drug safety is from where we are procuring the raw ingredients and how the drugs are initially manufactured. To date, traceability is a big problem when it comes to finding the actual ingredients and technology suppliers. Blockchain's immutable ledger allows us to find the complete details from the ingredients supplier to manufacturer to end customer. This system makes every participating stakeholder responsible for their work.

Public Safety and Consumer Awareness

There are many public safety issues that blockchain can address with high-efficiency and cost-effectiveness. A blockchain-enabled supply chain can help in the recall management of any drug easily. The recall management system is a request by a manufacturer to return a product due to safety issues or defects in a particular product that may put the patient's life at risk. Blockchain can raise awareness about all such announcements and improve public safety.

Relationship between Consumers

Establishing a proper connection between pharmacies, drug manufacturers, and suppliers will assist in managing discounts and rebates, processing, and paying prescriptions drug claims, generally using electronic platforms. Blockchain helps to reduce waste, alleviate pricing variations, and provide better customer experience.

Blockchain development

Clarisco Solution: Why?

Clarisco Solution is a premium blockchain company that offers custom blockchain solutions to the pharmaceutical industry, for better medical care of patients. Let your patient know the complete information regarding the medication they consume and lead a healthy life.

Our team of blockchain enthusiasts and developers can provide insightful guidance and solutions to strengthen your pharmaceutical business solution with all the necessary features. This will enable everyone concerned to improve drug manufacturing, clinical productivity, patient record management, and all other health services.

We help you with custom-build solutions based on your business requirement, timely completion of projects involving proficient blockchain developers, and other strong technical resources.

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FAQ(Frequently Asked Question)

Although blockchain is often associated with cryptocurrencies, such as bitcoin and ethereum - pharmaceutical companies are collaborating to explore its potential use as an enterprise solution that allows different entities to communicate securely without disclosing confidential information.

A decentralized blockchain solution would allow both the manufacturers and their clients to verify the origin and quality of drugs independently and quickly. Members of the pharmaceutical supply chain also enjoy transparency and security through blockchain technology.

Outsourcing Pharma.com magazine published the experiences of Pfizer, a pharmaceutical company, in a Blockchain project some months back. ... It's built on Hyperledger Fabric, an open-source Linux Foundation project. Users can securely send messages to shippers, recipients, or third parties using this platform.

The pharmaceutical supply chain is how prescription drugs are delivered to patients. ... This basic structure is not the only one. The players in the supply chain change constantly, and commercial relationships can vary depending on geography and type of medication.

Six Ways that Lean Six Sigma can Improve the Pharmaceutical Supply Chain
Reduces Order Fulfillment Time. Many warehouse problems can be caused by pharmaceutical products that are sensitive to temperature. You can read more about...
Reduces and eliminates errors ...
It creates a responsive supply chain. ...
Reduces waste Reduces waste
Revenue increases Increases Revenue
Use the 5S Lean Method.
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