A new blockchain consortium has formed following a pilot for compliance with the Drug Supply Chain Security Act (DSCSA). Last year IBM, Walmart, Merck, and KPMG participated in an FDA pharmaceutical blockchain interoperability pilot to track and trace pharmaceuticals for DSCSA legislation. Now, IBM says the pilot partners have formed a blockchain alliance called the Pharmaceutical Utility Network (PhUN).
The group is currently exploring issues such as regulatory compliance, cold chain efficiency, drug shortages, drug recalls, and clinical trials.
IBM stated that: “PhUN takes an open-source platform-first approach — a similar concept to the Apple App Store — to empower stakeholders to comply with regulations and to use them as the basis for innovation.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
