HashCash Proposes a Blockchain-based Pharma System to Combat Drug Fraud

PALO ALTO, Calif., Dec. 29, 2021 /PRNewswire-PRWeb/ — The international blockchain development company, HashCash Consultants conceptualizes a blockchain-powered pharmacology system to fight drug fraud.

Counterfeit drugs or drug fraud is one of the most trying challenges in pharmacology. In the HashCash designed pharma system, drugs can be represented as cryptographic tokens fed into the tracking systems. Since blockchain is time-stamped, tamper-resistant, and verifiable, drug fraudulence can be easily detected once the drug supply chain process is appropriately handled by a Private/Consortium blockchain platform governed by a Proof of Drug Authenticity protocol.

“The experimental model aptly solves the worldwide problem of drug fraudulence,” remarked blockchain pioneer and HashCash Chief, Raj Chowdhury.

“This also indicates that blockchain applications across industries can eliminate most security and fraudulence issues.”

This model features among the other conceptual models theorized by the research and development team at HashCash Consultants that serve as a pointer to the utility of blockchain across industries. Battling counterfeits and fraudulence my means of technology should have a significant impact on the global economy and social welfare.

HashCash has recently announced a partnership project building a digital identity laboratory. It has also commenced a blockchain-powered loyalty platform creation for a US-based retail brand. HashCash endeavors to acquire the top spot among blockchain companies in the US.

“Blockchain applications should be incorporated in the healthcare and pharma industries since their operations contribute to population health and mortality,” added Chowdhury. Indeed, the systems must be redesigned with blockchain technology in the background to ensure that the machinery performs to its full potential.

  • About HashCash:

HashCash is a global software company. HashCash Blockchain products enable enterprises to move assets and settle payments across borders in real-time for Remittances, Trade Finance, Payment Processing, and more. HashCash runs a US-based digital asset exchange, PayBito & digital asset payment processor, BillBitcoins. HashCash offers exchange and payment processor software solutions, ICO services, and customized use cases. HashCash propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash offers solutions in AI, Big Data, and IoT through its platforms, products & services. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.

Media Contact

COLEEN F, Hashcash Digest, +14159662907, [email protected]

 

SOURCE Hashcash Digest

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