G20 Global Pharma Summit Series-Indonesia

Blockchain technology is extremely important for the pharmaceutical sector at every level of drug development and distribution. Because of the sensitive nature of the data, stakeholders in the pharmaceutical sector are generally quite secretive about their data. Blockchain technology is also being investigated as a means of combating the use of counterfeit pharmaceuticals and inferior treatments, which enter the pharmaceutical supply chain and kill thousands of patients each year. Because of the digitalization of transactions, blockchain appears to be a potential method for tracking and securing the pharmaceutical transaction ecosystem.