Singapore Company To Use Blockchain To Fight Counterfeit Vaccines

Singapore company Zuellig Pharma’s eZtracker will be using the SAP blockchain to track and verify COVID-19 vaccines and vaccinations as we can see further in our latest blockchain news.

The Singapore company and healthcare service provider Zuellig Pharma will use blockchain technology to track COVID-19 vaccinations to prevent practitioners from administering expired vaccines. Zuellig Pharma said the new “EZTracker” management system can help prevent improperly stored vaccines from being used by allowing the clients to verify the provenance and the authenticity of the vaccines via a  mobile app. The vice-president and head of digital solutions Daniel Laverick noted:

“Accidents involving expired or improperly stored vaccines can be avoided.”

EZTracker will use the SAP blockchain to track and capture multiple data points to improve supply chain transparency. The website explains how it works:

“Simply scan the QR code on the packaging to instantly verify if your product comes from an authorized distributor. Patients can scan the 2D data matrix on the product packaging to verify key product information like expiry date, temperature, and provenance through its app powered by blockchain.”

The SAP blockchain executed operations like Blockchain as a Service allowing the clients to develop a customized blockchain extension for their existing applications and according to SAP, 77% of the world’s transaction revenue will reach one of their systems. Back in 2020, Zuellig partnered with MSD Pharmaceutical company to deploy eQTracker in Hong Kong where it was used to trace vaccines for HPV:

“As the vaccines move through various handover points in the supply chain, the products’ data points are loaded into eZTracker’s secure blockchain ledger, and this ensures it can’t be tampered with. Users such as healthcare professionals and patients are able to verify the authenticity of the vaccine by scanning a unique data matrix code on the product pack.”

Zuellig was founded almost 100 years ago and it is one of Asia’s biggest healthcare service providers. It also has a product called eZVAX which provides governments, local health authorities, and the private sector with an end to end vaccine management. Southeast Asia is really a core for fake meds with up to $2.6 billion spent on counterfeit medicines each year as per the reports by the United Nations Office on Drugs and Crime.

Source: https://www.dcforecasts.com/blockchain-news/singapore-company-to-use-blockchain-to-fight-counterfeit-vaccines/