Blockchain and Pharmacy. Necessary explanations to scientists even more necessary

Although nobody believes it, I have friends beyond the Blockchain world and sometimes we talk about things that are alien to the “Cosmopolitan Cosmos”. But, almost always, I end up discussing something about the blockchain. This time, my friend Patricia answers me “You catch me Pez, it’s as if I told you that I am making enzymatic digestions with cutaneous leishmaniasis in humans”. So I have proposed to explain how this technology can influence your life, with a point, Patricia is Pharmaceutical.

Beginning at the beginning when we talk about “Blockchain Technology” we are talking about a disruptive technology in all areas. Blockchain is a distributed and organized database that offers a shared list of records, called blocks, where each block is encrypted containing information from the predecessor block.

That is, we have a technology that allows us to create a register of linked and encrypted transactions, which we can share through a decentralized and secure system, where each new record is accessible and permanent, that is, as if it were a “book of accounting “digital and incorruptible.

Blockchain, as an accelerator of digital transformation, being an agile, safe and efficient system, has application in virtually all sectors, highlighting the financial sector or other sectors such as industry, within the framework of industry 4.0, distribution or pharmacist . The best known use is cryptocurrencies, of these the mother of all Bitcoin.

Blockchain and Pharmacy

But I said that I am going to write about Blockchain and pharmacy since it is the way to explain how this technology, that of block chains, can improve the functioning of disciplines as important as those related to health.

In the pharmaceutical sector, blockchain has great applications, such as in relation to the management and treatment of information generated around medicines and consumers throughout the value chain, from laboratories to the final consumer, passing through distribution, health companies, public administration or pharmacies.

With blockchain could trace the trajectory of all medication, from production to consumption, would open ways to share information safely and truthfully among all actors involved. The industry would benefit since one could better plan production based on the consumption of their medicines, be more transparent with respect to production tasks, improve the processes and costs of clinical trials by sharing information, automate intermediate steps, control the transit of medicines or increase the level of traceability of the lots. Pharmacies, for example, may have access to information on the use of medicines by their clients and actively participate in the information generated in the health record of the same, either with each dispensation or service provided. The consumer could have a personal health record and decide what to share, with whom and under what conditions, both in relation to the use of medicines and the rest of social or health services received.

That is, in a block chain, these “enzymatic digestions” or each trial could be recorded immutable and these data can be shared, so that researchers can reduce steps in their research. In addition to this, there are also teams that study the way to Tokenize the investigations, in this way to make the medication more accessible to all and not only to the first world.

And this has been my explanation of what Blockchain is for pharmacists, with dedication and love. Any questions?


Enric Martí

Enric Martí

Economy fan, hangued, hooked on crytocurrencies and junkie of audiovisual stuff...on rehab