On an ongoing fight against fraudulent drugs, NITI Aayog has partnered with Oracle, Apollo Hospitals and Strides Pharma Sciences. The motive is to provide and maintain an authenticated drug supply chain. NITI Aayog will take the help of Blockchain technology and IoT (Internet of Things) software for the same.

Fake drug empire is growing because of the easy availability of specialised equipment, ovens, tabletting machines etc. Most importantly, both pharmaceutical companies and the government are unable to monitor the lifecycle of the medicines in real time. This is where Blockchain technology can act as the saviour, feels Niti Aayog.

Describing their planned course of action, Oracle’s Sales Consulting Leader has explained how they will explore the technology. As of now, Oracle has planned to use Hyperledger 1.0 as an open source based blockchain platform to create the solution.

Oracle will provide an access for drug inspection through an app. Later, it will be a part of the supply chain. Basically, every medicine will bear a code above it. Consumers will scan them to directly to check its potency.

Interestingly, they could also be able to check the reliability of the medicines as well. The technology will make sure to provide the transparency in terms of their origin of manufacturing and date of expiry. In case of any conflict, it will also offer the privilege to store and use the medicines as advised by the dcotors.

Despite enforcing several tracking systems in the past, the problems with the drug supply chain have not witnessed any improvement yet. But, with Blockchain, the nation is optimistic to do the needful with ease.