Bringing Immutable Transparency to the Food & Pharmaceutical Supply Chain

Pioneering Blockchain Technology for a More Secure Future

Introducing Verifiable Value Transfer and Tracking Through our Distributed Ledger Network

We track how consumables move from manufacturer to the end consumer, providing stakeholders with visibility and improving demand management, revenue forecasting and overall performance management.

AUDITABILITY

Blockchain provides a full audit trail of data, creating an everlasting means of record keeping along a supply chain.

PACKAGE TAMPER PROOFING

All blockchain transactions are timestamped and tamper-proof, providing a single source of integrity.

SMART CONTRACTS

Continuous real-time tracking of data is facilitated through the use of smart contracts across the supply chain.

DISINTERMEDIATION

Blockchain enables peer-to-peer interactions which can be trusted based on the digital signatures.

Rewriting Conventional Notions of Business Transactions

  • Traceability
  • Stakeholders
  • Flexibility
  • Compliance

Traceability

Capability to monitor events and metadata associated with a product including temperature and crucial variabilities.

Stakeholder Management

Effective governance in place to enable communication, risk reduction and trust among the involved parties.

Flexibility

The ability to adapt rapidly to events or issues, run various scenarios, without significantly increasing operational costs.

Compliance

Standards and controls to provide evidence that regulatory conditions are met.

Up to $200 billion worth of counterfeit pharmaceutical products are sold globally every year

- World Health Organization

Pilot Study

Background

According to IFAH-Europe, obstacles to profitability (including loss of sales due to counterfeiters) for veterinary pharmaceutical manufacturers include a high administrative burden. It is estimated this burden is at 13% of the sector’s annual turnover, which is double that of the human medicines market. These expensive tangents lead to a lack of further investment in critical research and development that would otherwise help maintain current ranges of products and expand medicines availability.

The Supply Chain

Several covert solutions have already been implemented in the food & pharmaceutical supply chain to offer an extra level of security, including UV light or temperature-revealed hidden text. High-value pharmaceuticals are protected by RFID tags hidden under labels or within the packaging where the products can then be scanned and tracked by RFID readers to match the data to medical databases.

These databases however, still rely on siloed data sources and exchanges of information via two-way interactions, suggesting that the marketplace lacks a technology solution for the problem.

Platform Building with Accredited Partners

The Batch Block team is investigating problems associated with the food and pharmaceutical supply chain management in conjunction with the expertise garnered from within the University of Surrey. In conjunction with the initial stages of academically verifiable research, the team is building the Batch Block extensible platform to address the issues causing obstacles for necessary R&D that both the food and pharamaceutical supply chains face.

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"When animals are healthy, humans are better off, which is why pharmaceutical auditing and transparency is so crucial in animal health. We're developing Batch Block to solve many problems."

Prof. Alasdair J Cook

Head of Surrey University Department of Veterinary Epidemiology and Public Health

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