We’re Partnering with Pipra Solution’s ‘Realmeds’ to Provide Solutions to Fraud in the Drugs & Pharmaceuticals Industry
Adding to our list of super-awesome partnerships is one with Pipra Solutions — solution provider working to enable the larger adoption for emerging technologies like Blockchain. Eleven01 and Pipra Solutions will work together to bring to life Realmeds — a dApp that will enable efficient and seamless processing in the supply chain for drugs and pharmaceuticals.
Realmeds is a platform-as-a-service uses an interesting technology mix that includes blockchain, Artificial Intelligence (AI), and the Internet of Things (IoT) to provide a seamless supply chain solution for drugs. Their work encompasses building trust with real-time incident reporting and location tracking. Among other things, they also help their customers comply with GS1 regulations and EPCIS regulations. Take a look at how Realmeds works: https://www.realmeds.io
The need for services that can track and trace the movement of pharmaceutical drugs can help alleviate several problems in this industry. There are countless cases of the supply of counterfeit or fraudulent drugs. According to a report by the WHO, an estimated 1 in 10 medical products in low- and middle-income countries is substandard or falsified. The State of Indiana, USA, expressed in a report that around 19 million Americans buy medicines outside that supply chain, from foreign online pharmacies or other unlicensed sources.
Realmeds along with Eleven01 to build a dApp on the Eleven01 Protocol that will provide solutions to pharmaceutical companies to address issues relating to the dissemination of counterfeit drugs. “Realmeds Is happy to be partnering with Eleven01 which is India’s own native protocol and build an impactful drugs provenance and anti-counterfeiting Blockchain solution and take to market,” said Dhanraj Dadhich, CTO of Pipra.
As India’s native blockchain protocol, Eleven01 is working towards enabling blockchain development to meet the needs of industries like the pharmaceutical industry. “We are excited to begin work on this usecase with Pipra for Realmeds,” said Rama Iyer. “Presently, the Indian Pharmaceutical Sector is valued at over USD 21 billion and growing at a CAGR of 13 per cent. By pooling in our resources, we believe that we can address these issues and provide effective solutions with blockchain technology,” expressed Rama Iyer, CTO of Eleven01,”.
