Unexpected temperature shifts are largely responsible for the $2.5 billion of wasted pharma products that are discarded annually, promoting Smart Containers, an already established delivery company, to implement blockchain technology.
Now, the company's delivery boxes are equipped with a blockchain-powered chip that tracks the logistics of each box, including storage conditions, medical safety sheets, transport order and more. This decentralized system, referred to as LOGI CHAIN, provides the necessary information in real-time, enabling the company to be quickly notified if there's an issue with one of the packages.
According to Smart Containers, this shift in packaging will allow for each parcel to be seamlessly tracked, invoiced and even paid for using cryptocurrency. Both functional and adaptable, Smart Containers' blockchain-powered system hopes to limit the amount of pharma waste.