Hot tech topic:
What is blockchain?
It has the potential to transform:
and Supply Chains
across these industries
Blockchain is generating a lot of buzz.
Who's using blockchain?
But how does it work?
— Best known as the database/ledger
technology underlying bitcoin
— Stores “blocks” of information in a way
that is permanent and unalterable
— Decentralizes data storage by connecting
and duplicating digital information across a network
— Because the data is not stored in any one single location,
it cannot be manipulated or corrupted
— Information is continually reconciled across the network
Blockchain for the pharma supply chain
The Drug Supply Chain Security Act (DSCSA) requires an interoperable electronic system to pass serial number information between trading partners (distributors, manufacturers, pharmacies, etc.) by 2023.
— The pharmaceutical industry in the U.S. uses a
“patchwork” approach that makes large scale
interoperability nearly impossible
— Integrations are costly, cumbersome and don’t
address the risk of diversion and counterfeits
Blockchain can solve this.
The MediLedger project
Group established in 2017 to test blockchain for use in healthcare
— Zero-knowledge proofs validate sensitive data
— Transactions governed by smart contracts, following
best practices for secure software—validating identities
and products and parameters for accepted transactions
— Saleable Returns solution live in October 2018
— Piloting 2023 scenarios with sites of care and
Pioneering solutions for meeting track and trace regulations by creating a permissioned blockchain network for the pharmaceutical industry based on
open standards and specifications
The MediLedger network is deployed by Chronicled, Inc.
— Achieving interoperability with GS1 Standards
Saleable returns process
Manufacturer joins the MediLedger network
Manufacturer products (GTINs) are added to the lookup directory
Lookup directory updated and pushed to consensus nodes
Distributor scans product for resale
Product identifiers are verified in less than one second
Verified product is resold
Manufacturer bought or sold
Product from transferred GTIN verified
— AmerisourceBergen reconciles GPO and manufacturer data, clears disputes (product ID, class of trade, pricing, etc.),
manages pre-dated contracts
— Average 3-day collection
Contracts and Chargebacks
— Thousands of electronic files and faxes shared weekly
Class of Trade
— One source of truth for customer, product,
pricing and effective dates
— No Electronic Data Interchange
— No file sharing
— Less than 3-day collection
Is blockchain healthcare’s new hero?
Right out of the box, no. But it does hold promise beyond the supply chain:
— Electronic Health Records (EHRs)
— Clinical trials and medical research
— Electronic benefit verification and claims processing
— Prior authorizations
AmerisourceBergen in the news