Pharma Companies Using Ethereum To Crackdown Counterfeiting Drugs

Counterfeiting expensive medicines has become a daily occurrence these days. Many leading pharmaceutical companies have been targeted by phony goons and caused whopping losses that add up to millions of dollars. The thing about this sort of incidents is that they don’t even cause losses to the pharma companies but also jeopardise the health of millions of patients who consume these medicines on regular basis. To crackdown such serious crimes, two of world’s leading pharmaceutical companies, Pfizer and Genentech have come forth with a new blockchain project called MediLedger. MediLedger is a blockchain platform built on top of the Ethereum blockchain. It has been devised with a soul aim to prevent counterfeit drugs and medicines to enter their supply chains at any costs.

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