Blockchain Tracking Solution For Pharmaceutical Industry Launched By Software Giant SAP

Blockchain, News | January 21, 2019 By:

Multinational software giant SAP is offering a new blockchain solution that it claims will help eliminate counterfeit products along the pharmaceutical supply chain.

SAP, a European multinational software corporation, makes enterprise software to manage business operations and customer relations. It focuses on 25 industries and six industry sectors, including process industries, discrete industries, consumer industries, service industries, financial services and public services.

Last week, SAP announced the general availability of SAP Information Collaboration Hub for Life Sciences, a new blockchain solution designed to authenticate pharmaceutical packaging returned from hospitals and pharmacies to wholesalers before products are resold. The solution was developed in co-innovation with AmerisourceBergen, Boehringer Ingelheim AG & Co. KG, GlaxoSmithKline plc and Merck Sharp & Dohme, among others.

The blockchain solution will allow customers to verify the product code, lot, expiration date and a unique serial number embedded in the barcode against manufacturers’ data stored in the blockchain. The objective of the solution is to help customers comply with the US Drug Supply Chain Security Act (DSCSA), which protects consumers from fake, contaminated and stolen medication and requires wholesalers to verify prescription drugs that are returned and intended for resale.

Dr. Oliver Nuernberg, chief product owner, SAP for Life Sciences solution portfolio, SAP SE, said that the new blockchain solution supports the pharmaceutical industry’s need for an immutable and shared ledger, avoiding many complex integrations.

“With this product we are offering a scalable and secure solution to pharmaceutical manufacturers and US wholesalers to comply with the upcoming regulatory requirements for verification,” Nuernberg said.

Jeffery Denton, senior director, Global Secure Supply Chain, AmerisourceBergen Corporation, said that the blockchain solution from SAP provides the best opportunity to fully satisfy their need to be interoperable with their trading partners and their solutions as well as to remain compliant with the US DSCSA.

“Blockchain is driving a new breed of enterprise applications that could drastically improve cooperation for wholesale distribution,” said Denton.