Bitcoin blockchain pruning grape
Last week, Pharmaceutical Processing, published an article I wrote on the use of blockchain to provide greater transparency in the tracking of medicine. Pharma has been pursuing supply chain serialisation for many years. Blockchain enhances this in several ways:. The last point is the most domain-specific for pharma and can be controversial if you are not familiar with the underlying mathematics that make blockchain linkage immutable.
I am not arguing that blockchain-based systems do not need CSV. Instead, I am arguing that validation is easier. On the other hand, one can cite reams of mathematical papers and testimony showing that is statistically impossible to tamper with the links of a blockchain a hurdle higher than the statistical margin to show efficacy of a drug in a clinical trial.
Finally, this article highlights an additional use of smart contracts to trigger proof of receipt. This is not just useful for payments but for things like proof that medicine was delivered to an end party.
Two immediate uses that come to mind are:. You can read the article here. Some of these include:. My focus was on ideas that can truly be implement today, integrating with existing systems bitcoin blockchain pruning grape milestone management and payment processing easing adoption and integration.
BTW, these same concepts can be applied anywhere serialization is needed: You can likely guess when I originally wrote the article based on the BTC price quoted for the music download.
BTC has appreciated quite a bit since then. Blockchain enhances this in several ways: Creation of an immutable, portable record of all hand-offs between parties that is not held hostage by any one vendor or party Bitcoin blockchain pruning grape, portable chain-of-custody useful for every from regulatory compliance to management of product recalls All bitcoin blockchain pruning grape on a technology that is easier to validate—from a regulatory computer systems validations CSV perspective The last point is the most domain-specific for pharma and can be controversial if you are not familiar with the underlying mathematics that make blockchain linkage immutable.
Two immediate uses that come to mind are: Tracing charitable donations all the bitcoin blockchain pruning grape down bitcoin blockchain pruning grape the receipt by the place that needs the medicine Bitcoin blockchain pruning grape delivery to bitcoin blockchain pruning grape drug to a patient on a clinical trial as an additional means of tracking against error.
Some of these include: Creation of an immutable, portable record of all hand-offs between parties that is not held hostage by any one vendor or party Complete, portable chain-of-custody useful for every from regulatory compliance to management of product recalls My favorite: Use of Smart Contracts to create distributed automated intelligence to do things like automatically triggering notifications and invoicing on milestone achievements CFOs would love that.
This could be accelerated even faster by using smart sensors. In the Spotlight L2: In the Shadows L3:
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