Japanese logistic firm Nippon Express is working with Accenture and Intel Japan to develop a blockchain-based logistics system reported the Nikkei. Nippon Express said it would invest up to 100 billion yen ($980 million) in developing the system, starting with the pharmaceuticals industry and a scheduled launch in 2021.
The company aims to eliminate counterfeit drugs from entering the pharmaceutical supply chain and assure compliance with Good Distribution Practices (GDP).
The billion-dollar investment will be used to construct the pharmaceutical transportation network, including warehouses, trucks and their maintenance. Intel will supply sensors, likely Internet of Things (IoT) devices, to ensure temperature control during transportation and RFID tags will be used for tracking and automatically update the blockchain. Nippon said Accenture would handle the technological aspect of the project.
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