One Network and Imperial Logistics partner to use blockchain to secure medical supply chain and combat counterfeit
Imperial Logistics uses the One Network's cloud solution to manage the entire distribution process and help ensure the delivery of clean drugs to patients, companies say.
Dallas-based One Network Enterprises, a provider of multiparty digital network platforms and services, has partnered with logistics provider Imperial Logistics to provide an end-to-end fulfillment solution using One Network's cloud platform. By managing the entire medical supplies distribution process, One Network's Real Time Value Network (RTVN) serializes, tracks, and authenticates drugs, safeguarding the medication's distribution, the company says.
Counterfeit or contaminated medication that contains the wrong or no active ingredients has long plagued the global, pharmaceutical supply chain. New regulations are coming into effect around the globe and mandates such as mass serialization and track-and-trace are quickly becoming the worldwide standard for regulators, Iain Barton, healthcare strategy executive at Imperial Logistics, said in a statement.
RTVN's chain-of-custody and serialization authentication capabilities help Imperial Logistics to track the control, transfer, management, and distribution of antiretroviral and antimalarial medication and supplies in real time, as they flow throughout the supply chain all the way to the individual patient. The solution will also be used to comply with incoming national regulations in South Africa and other countries, the company says.
One Network's serialization and authentication chain-of-custody solution is based on the company's blockchain platform, ONE Blockchain. ONE Blockchain enables real world chain-of-custody with support for serial tracking, lot tracking, lot splitting, tracking through consolidation and deconsolidation, blending, mixing, targeted recalls, IoT integration, and partial chains-of-custody, the company says.
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