The Most Seamless Blockchain-Based Pharma Supply Chain Ecosystem
Turn your compliance and operational challenges into your competitive advantage with our tailor-made solutions.
Trusted by Industry Leaders:
Not your typical supply chain management platform
How It works
Customer journey mapping is a process to identify customers' needs and create a visual representation of their experiences. It helps to identify touchpoints on the customer journey and develop strategies to improve the customer experience.
Onboarding
- Collection of customer data
- Developing technical requirements
- Contracting IT team
Beta-Version
- Development of MVP
- Adding users and configuring profiles
- Testing in-house
- Testing by the customer
- Integrating improvements (if necessary)
Product
- Deployment of final version
- Instructing the customer
- Customer lifelong support
An all-in-one platform that gives you more
We drive innovation to provide our clients with effective modular tools tailored to their specific needs with the highest value for money and additional B2B collaboration opportunities within our ecosystem.
Enhance your regulatory compliance across the regions
Serialize individual products according to GS1 or any other applicable standards. Trace them as they move through the supply chain with the Blockchain. Validate drug authenticity at each point. Draft and share required regulatory reports easily. This functionality can be deployed as a stand-alone solution.
Maintain full data ownership
Maintain control over the data while still participating in a transparent and tamper-proof network. Exchange and manage product details and statuses effectively while ensuring compliance with privacy rights.
Achieve point-to-point connectivity and network visibility
Establish seamless data exchange between different entities within your supply chain. Track the movement of products throughout in real-time. Better understand demand patterns and optimize inventory levels. Prevent counterfeit and other types of fraud.
Manage product back flows hassle-free
Manage drug back flows seamlessly. Automatically send alerts to all the affected partners about drug recalls or returns as soon as they happen. Draft and submit necessary regulatory acts and other documentation.
Protect your customers and patients from drug defficiencies
Know about product shortages in advance. Notify all the affected partners and patients. Cooperate with other ecosystem participants to quickly replenish necessary raw materials or substitutes, or otherwise address the situation in a collaborative environment.
Secure your sensitive data with the Blockchain
Keep all the sensitive information encrypted, and supply chain transactions secured with an immutable ledger. Ensure that only verified and authorized data is recorded. Prevent any fraudulent or erroneous information from entering the chain. Automate processes with smart contracts. Maintain trust with your partners.
Benefit more with our token
Collaborate securely in the safe and truncated environment. Pay for services on the platform easily with PharmaTrace token. Receive incentives for engagement. Take part in the ecosystem governance and development.
Drug Family Section
Seamlessly manage drug families, batches/lots & more with a dedicated section in your company space.
Product Tracking Module
Track each item’s precise location in real time with the Product Tracking Module.
Visualization of Drug Shortages
Get instant drug shortage insights to safeguard and notify your partners and patients in advance.
Interactive Drug Location Map
Discover drug availability globally with our Interactive Drug Location Map.
Everything you need to ensure regulatory traceability compliance, manage data, recalls, predict shortages and communicate effectively with your network partners and market peers.
PharmaTrace Playbook:
Blockchain Pharma Supply Chain Traceability Transformation
Know More How to Ensure Your Supply Chain Regulatory Compliance in an Innovative, Cost-Effective, and Hassle-Free Way.
FAQ
We are building complex solutions for addressing all the burning issues of the pharma supply chain. Some of them include the following: serialization, track & trace, regulatory compliance, counterfeit and adulteration prevention, supply chain digitalization, secure data management, developing seamless data exchange networks with the partners, product recalls, drug shortages, supply chain data analytics, etc. However, we do not limit our customers to the above-mentioned and can integrate any other features that may satisfy your business needs.
Blockchain technology maintains a decentralized and immutable ledger of transactions. Once data is recorded in a block, it cannot be altered or deleted. It also uses cryptographic techniques to secure data which adds another level of security. As a result, Blockchain ensures data integrity and flow in the pharmaceutical supply chain. All the information recorded at each stage remains tamper-proof and transparent.
Only verified data authorized by the participants is recorded, which prevents any fraudulent or erroneous information from entering the chain. Each pharmaceutical product can be assigned a unique identifier or a digital token on the blockchain. This identifier allows every stakeholder in the supply chain, from manufacturers to distributors to retailers, to trace the product's journey from its origin to the final destination and view the changes in real-time. This transparency helps in identifying the source of any issues or discrepancies that may arise during the supply chain process and prevents counterfeiting and other fraudulent actions.
Smart contracts enable the automation of certain processes and actions as they ensure that predefined conditions are met. They can trigger actions like product verification, quality checks, recalls, shortages, or payment releases. This helps to streamline operations and reduce the possibility of manual errors.
By leveraging these features, blockchain technology enhances the trust, security, and efficiency of the pharmaceutical supply chain, contributing to improved data integrity and the smooth flow of products from manufacturers to consumers.
It means that we do not offer a monolithic ready-to-use platform, but rather prebuild modules that can be configured and integrated into a system as per your specifications. What is more, we can help you develop solutions that are currently out of our scope but may be needed to support your business. For example, verification applications for end users, IoT devices for temperature control, etc.
Yes, absolutely. Our mission is to provide as flexible options as possible so that even SMEs can afford the solution that will transform their supply chain for the better. You can start with one or a couple of functions you need currently and add more modules with the growth of your business, geolocations, etc.
A pay-as-you-go price model, also known as a pay-as-you-use or usage-based pricing model, is a payment structure where customers are charged based on the amount or extent of the product or service they actually use. In our case, we don’t make customers order all the available features but rather build tailored solutions for them. Instead of paying a fixed price or committing to a long-term contract with predetermined costs, customers pay for the resources or services they consume in real time (transactions) and on a periodic basis (service maintenance).
The time will depend on your requirements but normally it takes about 4 months from the client onboarding to the acceptance of the beta version.
We will configure everything on our own and will provide you with maintenance throughout your journey so that you will not need to make any changes to the system by yourself. All the functions you will have in the system like track and trace, drug verifications, drafting papers, etc. are intuitive and will not require specific technical skills.
When the contract is signed, we collect all the requirements. First, we will ask you to provide some data we will need for configurations, then we will develop technical requirements, contract an IT team, and the development of MVP starts. We will add users and set the profiles, and, once the beta version is ready, we test it first in-house and then give it to you for testing. After collecting your feedback we will finalize the product.
A utility token is a type of cryptocurrency token that serves several functions within our decentralized ecosystem. It acts as a form of digital coupon that grants users the right to use the platform in a particular way. Basically, it was designed to provide access to certain products, services, and functionalities offered within the platform. It also serves as a reward (or payment) for certain actions like sharing data, insights, etc.
Boost your supply chain efficiency with Blockchain and AI/ML-backed solution tailored right for your needs
Book a demo