Blockchain provides a permanent record of transactions between parties and can be used to verify all reported transactions. Using blockchain technology, all parties that collaborate in the market release process have the same chronological record of information and an immutable audit log. This prevents any of the issues associated with existing audit processes from occurring and gives pharma companies certainty that they are providing auditors with the most recent, authentic, and valid documents.
This session will address:
- How blockchain integration can give you the freedom to prove the authenticity of records
- How blockchain technology enables pharma companies to reproduce an audit log of all documents associated with each batch of drugs in a matter of minutes as opposed to weeks or months
- How can blockchain technology enable supply chain partners to more effectively collaborate on all documentation processes required to bring a drug to market, release it and track it through the supply chain