Home Blockchain HashCash Proposes a Blockchain-based Pharma System to Fight Drug Fraud | Information

HashCash Proposes a Blockchain-based Pharma System to Fight Drug Fraud | Information

5 min read
Comments Off on HashCash Proposes a Blockchain-based Pharma System to Fight Drug Fraud | Information

PALO ALTO, Calif., Dec. 29, 2021 /PRNewswire-PRWeb/ — The worldwide blockchain improvement firm, HashCash Consultants conceptualizes a blockchain-powered pharmacology system to battle drug fraud.

Counterfeit medicine or drug fraud is without doubt one of the most making an attempt challenges in pharmacology. Within the HashCash designed pharma system, medicine could be represented as cryptographic tokens fed into the monitoring methods. Since blockchain is time-stamped, tamper-resistant, and verifiable, drug fraudulence could be simply detected as soon as the drug provide chain course of is appropriately dealt with by a Private/Consortium blockchain platform ruled by a Proof of Drug Authenticity protocol.

“The experimental mannequin aptly solves the worldwide drawback of drug fraudulence,” remarked blockchain pioneer and HashCash Chief, Raj Chowdhury.

“This additionally signifies that blockchain purposes throughout industries can eradicate most safety and fraudulence points.”

This mannequin options among the many different conceptual fashions theorized by the analysis and improvement crew at HashCash Consultants that function a pointer to the utility of blockchain throughout industries. Battling counterfeits and fraudulence my technique of know-how ought to have a major affect on the worldwide economic system and social welfare.

HashCash has just lately introduced a partnership mission building a digital identity laboratory. It has additionally commenced a blockchain-powered loyalty platform creation for a US-based retail model. HashCash endeavors to acquire the top spot amongst blockchain corporations within the US.

“Blockchain purposes ought to be included within the healthcare and pharma industries since their operations contribute to inhabitants well being and mortality,” added Chowdhury. Certainly, the methods have to be redesigned with blockchain know-how within the background to make sure that the equipment performs to its full potential.

HashCash is a worldwide software program firm. HashCash Blockchain merchandise allow enterprises to maneuver belongings and settle funds throughout borders in real-time for Remittances, Commerce Finance, Cost Processing, and extra. HashCash runs a US-based digital asset change, PayBito & digital asset fee processor, BillBitcoins. HashCash presents change and fee processor software program options, ICO providers, and customised use instances. HashCash propels development in know-how by means of Blockchain1o1 applications and its funding arm, Satoshi Angels. HashCash presents options in AI, Huge Information, and IoT by means of its platforms, merchandise & providers. HashCash solves the hardest challenges by executing revolutionary digital transformation methods for purchasers all over the world.

Media Contact

COLEEN F, Hashcash Digest, +14159662907, [email protected]


SOURCE Hashcash Digest

Source link

Load More Related Articles
Load More By admin
Load More In Blockchain
Comments are closed.

Check Also

My Greatest Cryptocurrency to Purchase Proper Now – Motley Idiot

The cryptocurrency sector as a complete has been under pressure in latest months. On the s…