Loading

A Blockchain Induced Trust in Identifying Fake Medicine

This blockchain enabled solution provides the traceability of your medicine along the supply chain, ensuring product integrity.

About AsliMedicine

This blockchain enabled solution provides the traceability of your medicine along the supply chain, ensuring product integrity.

Domain Expertise

5+ years of combined Enterprise Software App Development experience in multiple domains.

Blockchain Focus

The team has a thorough working knowledge of multiple blockchain platforms and consensus mechanisms.

Global Reach

Global know-how and ability to scale fast and build innovative blockchain solutions.

Access Flexibility

Access to trusted data via multiple mechanisms like - SMS, Web, iOS & Android apps.

What We Do?

This blockchain enabled solution provides the traceability of your medicine along the supply chain, ensuring product integrity. The application tracks the movement of drugs among the Pharmaceutical supply chain business and involved entities with an intent to identify spurious medicines.

For Pharma Manufacturer or Contract Manufacturer

Typically, a Pharma manufacturer develops, produces and maintains the formula for the product, and manages the outsourced batches to other stakeholders in the supply chain. The manufacturer needs to have a unique coding mechanism for each medicine unit at the item level. The manufacturer also traces the medicine effects for further research and develops new medicines based on the results. With Blockchain enablement, the manufacturer can input data like – asset Id, batch no. or lot no., quantity, expiry date, manufacturing location, etc onto the blockchain network and generates a unique hash code.

Typically a distributor tracks and traces the batches received from manufacturer or contract manufacturer, maintains track of dispatched medicines further down the supply chain like wholesalers and retailers. Using blockchain, the distributors can verify the origin of the drug, records the asset transfer and any relevant transaction details between the manufacturer and distributor. This information is recorded and a unique hash block is generated over the manufacturers hash code.

A wholesaler in supply chain usually tracks and traces the stock received and records the stock sold to the retailer. Using blockchain, the wholesaler can verify the origin of the drugs and records the asset transfer. Also, date, time and location information are added to the record and a unique hash block is generated over the previous hash code.

These entities validate the incoming stock, estimate the storage period and manage sales accordingly. Their main challenges concerning medicines are to eradicate the fake medicines entry and safeguard customer interests.

Through the blockchain system, the retailers/pharmacists/hospitals can verify the origin of a product and records its sale. The transaction between the wholesaler and the retailers is added to the blockchain and unique hash code is generated. This unique record would have the provenance of the specific medicine being tracked. This completes the track and the trace of the traded medicines giving confidence to all the stakeholders.

Not only consumers can verify authenticity, but they can also earn rewards by flagging the frauds. With blockchain, consumers can validate the medicines before purchasing to ensure authenticity and report the fake medicines found and earn rewards. All they have to do is runs the mobile/web app, scan the QR code and see the history of the medicine along the supply chain. A spurious medicine would not have any record in the system.

Suppliers usually offer multiple products to the manufacturer including raw material and API’s. Now, with the blockchain in place, they can track the raw materials or equipment supplied to each manufacturer and can update the concerned authorities on a timely basis and confer with legal guidelines.

Using blockchain, the supplier would input relevant data like chemical composition of raw material, quantity, date and time of the supply, compliance certificates and then can generate a unique hash code.

Pharmaceutical supply chain business with AsliMedicine

In our current implementation, we are looking to apply permissioned blockchain technology specific to supply chain players in the pharma industry to fight the counterfeit drugs menace. How does this solution influence and benefit the multiple players in the Pharma?

Download Now

why choose us

Permissioned blockchain technology specific to supply chain players in the pharma industry to fight the counterfeit drugs menace.

17

+
CAGR % growth rate

33

+
Indian Pharma Market

25

+
Fake Drug Market % Size

391

+
Worldwide revenue in USD

Meet the Team

card image

Mr. Ramkrishna

Co Founder & Chief Operating Officer - COO:Zoreum BlockChain Labs

Mr. Ramkrishna

RamKrishna is a Techno entrepreneur, has Cofounded Zoreum Blockchain Labs Pte. Ltd, at Singapore, specialised in Block Chain Technologies and P2P decentralised modules.

card image

Ravindra Chebiyam

Executive Director - Technology & Operations

Ravindra Chebiyam

A seasoned Software Product Engineering & Program Management Professional with 25+ years of enterprise application experience in diverse domains with a proven track record of building and managing large global product development teams.

card image

Smita Varakhedkar

Chief Communications Officer - CCO

Smita Varakhedkar

Experienced Business Administrator with a demonstrated history of working in the Education Management industry. Skilled in planning,Team building, and communications to a wide range of stakeholders, media, bloggers, influential members of the business community and the public.

card image

Anil Kumar Kandregula

Architect: BlockChain & UI

Anil Kumar Kandregula

Architect: BlockChain & UI

card image

Praveen Deverachetty

Consultant: API & Chain code Developer

Praveen Deverachetty

Consultant: API & Chain code Developer

card image

Soumya Prakash Sahu

Consultant: Project Interface & Analyst

Soumya Prakash Sahu

Consultant: Project Interface & Analyst

card image

Mr.Vasu Desh kulkarni

Business development manager

Mr.Vasu Desh kulkarni

A Post Graduate in Management with specializations in Human Resource Development and Marketing Management. Around 11 years of experience in the field of Training and Development, and trained over 52,000 in the corporate and academic areas.

Meet the Advisors

card image

Mr.M N Vidya Shankar, IAS (Retd.)

Advisor : Regulatory & Legal Compliance - AsliMedicine. Retired IAS : Ex Chief Secretary Karnataka

Mr.M N Vidya Shankar, IAS (Retd. Officer)

Advisor : Regulatory & Legal Compliance - AsliMedicine. Retired IAS : Ex Chief Secretary Karnataka

card image

Mr. M. Amruth Rao, M.Pharm., LLM.

Advisor: Regulatory & Legal Compliance. Ex-Director: Drug Control Authority of India, Telangana State.

Mr. M. Amruth Rao, M.Pharm., LLM.

Advisor: Regulatory & Legal Compliance - AsliMedicine. Ex-Director: Drug Control Authority of India, Telangana State.

Our Latest Blog

AsliMedicine team welcomes MN Vidya Shankar Retd. IAS as a new advisor

AsliMedicine team welcomes MN Vidya Shankar Retd IAS as a new advisor. AsliMedicine, a Blockchain product developed by Zoreum Labs.

3 potential use cases of blockchain in healthcare

Supply chain management in the healthcare industry has long been in question. Currently, it’s not only complex but also expensive.

Why AsliMedicine.com is hated by small formulation manufacturers?

AsliMedicine, a blockchain based pharma solution by Zoreum is a bandwagon platform which is innovative in Indian perspective to track the medicines

Used Technologies

have any Question

What does AsliMedicine address?

AsliMedicine addresses the spurious drugs problem by providing a blockchain enabled solution by tracing the drug movement along the supply chain.

The solution is architected on permission based private blockchain network and has been tested with multiple peers on same channel.

A combination of AI and Blockchain technology creates an immutable record and stored securely in distributed ledgers. Only trusted, verified parties would be granted permission to add information to the blockchain’s record.

As an End user or Consumer, one can connect via SMS, Web, iOS and Android apps to the validating network peer.

We are segregating our network into channels, where each channel represents a subset of participants that are authorized to see the data deployed on that private channel.

End user/Consumer can simply scan the QR code available on the medicine and get the provenance of it, or can send the code through SMS to the registered number and track all activity in real-time transparently.

The participants of the network would stand to gain by enhancing their brand value with the consumer getting a history of the critical medicine that he is consuming.

Reward mechanism is being devised that would encourage honest practices and direct reporting of fake medicines which is a win-win for all participants in this network.

Get in Touch

Use your email address to receive the latest updates and news related AsliMedicine!