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Experts have asserted that despite recent developments, pharmaceutical supply chains are still far from reaching their full technological potential. Blockchain holds significant promise to advance the digital strength of medicine supply.
What is blockchain?
Bob Celeste the founder of The Centre For Supply Chain Studies (C4SCS) defines blockchain as ‘a continuously growing list of records, called blocks, which are linked and secured using cryptography.’ This network usually peer-to-peer managed and follows set rules when validating new data block.
