Niti Aayog working on blockchain tech for drug industry

Niti Aayog is working with Apollo Hospitals and information technology major Oracle on applying blockchain technology in pharmaceutical supply chain management to detect spurious drugs, informed NITI Aayog’s CEO, Mr. Amitabh Kant.

Addressing a gathering through video-conferencing at the inaugural session of International Blockchain Congress 2018 held in Hyderabad recently, Mr. Kant said the organisation was working on applying the blockchain technology to pressing problems of the country in areas such as land registry, health records and fertiliser subsidy distribution, among others.

“There is a need to use blockchain to track and trace medicines and spurious drugs. Therefore, Niti Aayog, in collaboration with Apollo Hospitals and Oracle, is putting pharmaceutical supply chain in blockchain for complete traceability of drugs from manufacturer to consumer to protect our citizens from the menace of spurious medicines,” he said.