Smart Containers' Blockchain-Powered Packages Limit Pharma Waste
Ellen Smith — June 14, 2018 — Tech
References: smartcontainers.ch & blokt
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.
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.
Trend Themes
1. Blockchain-powered Package Tracking - Implementing blockchain technology in delivery boxes allows for seamless tracking and real-time notifications, limiting waste in the pharma industry.
2. Decentralized Logistics Management - Using a decentralized system like LOGI CHAIN enables quick identification of issues with packages, promoting efficient and safe deliveries in the pharma industry.
3. Cryptocurrency Payments in Pharma Delivery - Adapting the system to enable cryptocurrency payments for pharma deliveries offers a more secure and convenient payment method for customers.
Industry Implications
1. Delivery Services - Implementing blockchain technology in packaging creates disruptive innovation opportunities for delivery companies to improve tracking and reduce waste.
2. Logistics - Decentralized logistics management systems like LOGI CHAIN have the potential to revolutionize the way packages are tracked and managed in various industries.
3. Pharmaceuticals - Adopting blockchain-powered package tracking systems can greatly reduce waste and improve the efficiency and safety of pharma deliveries.
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