- Counterfeiting of drugs, along with the manufacturing of fake drugs in the supply chain, constitutes an annual loss of billions of dollars. According to a report by the Health Research Funding Organization (HRFO), nearly 10–30% of drugs manufactured by developing countries are not original.
- Counterfeited drugs produce different effects than their legitimate medicinal counterparts and may not help patients at all, or, worse still, even be dangerous to their health. The deaths of hundreds of people can be related to taking the wrong (that is, counterfeited) medicine.
With the use of consortium/private blockchains, pharmaceutical companies can register their products to ensure the authenticity and quality of ...