Indian information technology services company Tech Mahindra has partnered with startup StaTwig to manage the traceability of global vaccine supply on blockchain. Besides enhancing transparency across the supply chain and addressing counterfeiting, the VaccineLedger solution also aims to prevent issues such as expired vaccines.
The past few months have demonstrated that vaccine supply chains are complex and time-sensitive systems. Millions of Covid-19 vaccines are set to expire and be destroyed this summer despite shortages across the world. And almost 900 New Yorkers were vaccinated with expired vaccines. There are also issues with oversupply and opportunities for fraud. The Brazilian president is currently being investigated over corruption allegations relating to the price paid for Covid-19 vaccines.
StaTwig is part of the UNICEF Innovation Fund Portfolio and a World Economic Forum Global Innovator. The startup focuses on addressing supply chains of critical industries such as vaccines through scalable applications backed by blockchain technology.
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