PALO ALTO, Calif., Dec. 29, 2021 /PRNewswire-PRWeb/ — The worldwide blockchain improvement firm, HashCash Consultants conceptualizes a blockchain-powered pharmacology system to battle drug fraud.
Counterfeit medicine or drug fraud is likely one of the most attempting challenges in pharmacology. Within the HashCash designed pharma system, medicine could be represented as cryptographic tokens fed into the monitoring methods. Since blockchain is time-stamped, tamper-resistant, and verifiable, drug fraudulence could be simply detected as soon as the drug provide chain course of is appropriately dealt with by a Private/Consortium blockchain platform ruled by a Proof of Drug Authenticity protocol.
“The experimental mannequin aptly solves the worldwide drawback of drug fraudulence,” remarked blockchain pioneer and HashCash Chief, Raj Chowdhury.
“This additionally signifies that blockchain purposes throughout industries can get rid of most safety and fraudulence points.”
This mannequin options among the many different conceptual fashions theorized by the analysis and improvement group at HashCash Consultants that function a pointer to the utility of blockchain throughout industries. Battling counterfeits and fraudulence my technique of know-how ought to have a major impression on the worldwide financial system and social welfare.
HashCash has just lately introduced a partnership undertaking building a digital identity laboratory. It has additionally commenced a blockchain-powered loyalty platform creation for a US-based retail model. HashCash endeavors to acquire the top spot amongst blockchain firms within the US.
“Blockchain purposes must be included within the healthcare and pharma industries since their operations contribute to inhabitants well being and mortality,” added Chowdhury. Certainly, the methods should be redesigned with blockchain know-how within the background to make sure that the equipment performs to its full potential.
HashCash is a world software program firm. HashCash Blockchain merchandise allow enterprises to maneuver property and settle funds throughout borders in real-time for Remittances, Commerce Finance, Cost Processing, and extra. HashCash runs a US-based digital asset change, PayBito & digital asset cost processor, BillBitcoins. HashCash gives change and cost processor software program options, ICO providers, and customised use circumstances. HashCash propels development in know-how by Blockchain1o1 packages and its funding arm, Satoshi Angels. HashCash gives options in AI, Huge Knowledge, and IoT by its platforms, merchandise & providers. HashCash solves the hardest challenges by executing progressive digital transformation methods for purchasers all over the world.
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