Blockchain Based Counterfeit Medicine Authentication System – ISCAIE2021
Bitfury Companies and «Matrix» jointly launched a solution to combat illegal trafficking of polymer pipes in the CIS based on the Bitfury Exonum blockchain platform.
The new control system will make it easy to confirm the quality of the goods and the authenticity of the accompanying documents. All information about manufactured products will be entered into the blockchain, providing open access to specifications, and certificates for finished pipes will be marked with a QR code. The use of distributed ledger technology will simplify the audit, nullify the possibility of forgery and data falsification.
The project has already received support from key market players – the first pipes of the new sample will be manufactured by the largest manufacturer in the CIS «Polyplastic Group».
The system operator will be a Russian IT company «Matrix». The new solution will allow manufacturers to control supply channels, increase sales and increase profitability by combating counterfeit products. The state will be able to monitor market turnover, fight illegal activities, shadow income and unscrupulous participants. Consumers will be able to use only high-quality materials, avoiding additional costs for the elimination of accidents.
According to Dmitry Ufaev, head of Bitfury in Russia, the company’s mission is to promote innovation and fight fraudsters not only in the financial sector, but also in other sectors of the economy, so they are developing a complete package of reliable and scalable products..
Recall that recently Alfa-Bank and «Rent 24» launched a blockchain service for accounting and distribution of utility bills.
text: Ivan Malichenk, photo: smartsk