Interesting #Blockchain project of the pharmaceutical company Pfizer

Barcelona, January 4, 2021.- Outsourcing magazine published the experience of the pharmaceutical company Pfizer in a Blockchain project a few months ago. Pfizer today markets one of the world’s first COVID-19 coronavirus vaccines. We publish below an extract of the most interesting published by this logistics magazine.

For nearly two years, the Clinical Supply Blockchain Working Group (CSBWG) has been working in stealth mode, said Ben Taylor, CEO of LedgerDomain, the vendor which provided the blockchain-powered platform for the group’s recent proof-of-concept project.

The iOS-based application, KitChain, is designed to fit into the clinical trial supply chain workflow, providing an immutable digital record for inventory and event tracking. It is built on top of Hyperledger Fabric, an open-source Linux Foundation project, and enables users to securely send messages between shippers, recipients, and third parties.

“Blockchain gives everybody only the fields that they need to do their job – they are in the dark on the other topics,”​ Taylor told us. “As the technology vendor, we operate on a ‘lights out’ basis … we’re just making sure that all the messages are going back and forth the way they are supposed to.”

The CSBWG – made up of representatives from sponsors, CMOs, CROs, academic sites, and one courier – tested the application earlier this year in an advance ship notification (ASN) and ‘proof-of-delivery’ use case.

The group spun out of an open-invitation workshop at the Pfizer Blockchain Center of Excellence chaired by Munther Baara, head of new clinical paradigm at the NY-headquartered pharma company. Co-chairs include Chad Sklodosky, director, digital supply chain center of excellence, Pfizer, and Imran Shakur, senior manager, clinical planning and operations, Biogen.

The goal is to develop a fully interoperable, transparent, and auditable platform to track investigational drug and comparators from the point of manufacture to patient: “To create a better, more efficient, more visible process – and one that’s built on security,”​ Shakur told us.

“Although it seems simple on the surface, it’s still a big challenge. It’s one small piece of very extensive distributed supply chain,”​ explained Sklodosky.

“Over the long term, the CSBWG envisions a messaging and notification platform that supports the performance requirements of the clinical supply chain, streamlining collaboration and cementing a single version of the truth,”​ reads a white paper published by the group, written to spark discussion among the various supply chain stakeholders.

The solution itself relies on an ecosystem, “you can’t really go it alone,​” Sklodosky explained, and that requires like-minded individuals across several different companies to come to the same conclusions and understanding about how that technology is going to provide value to their own supply chains and, ultimately, the consumers at the end.”

As Sklodosky noted, Pfizer has done more over the last five to ten years to listen to patients involved in clinical trials, as well as the sites and investigators conducting trials, and have heard the same pain points repeatedly. There is pressure on these groups to follow procedures, document things correctly, and tracking all of this, he said, has become next to impossible.

“It’s very inefficient and causes a lot of pain at the sites, which ultimately impacts patients and introduces risk, by potential medication dispensing errors, you name it,”​ said Sklodosky. “There’s issues across the board.”

Addressing these issues, an interoperable platform would enable clinical sites and investigators to develop their own technologies, extracting data in a uniform way, providing it back to sponsors in a uniform way, “in which they can permission to whichever sponsor they want without us worrying about risk of us inadvertently sharing data we don’t wat to share with our competition,” ​he explained.

The work is twofold: Digitalizing the clinical trial supply chain – removing manual, paper-based processes – and improving the ability to better manage data, in a way that creates a win-win environment for all stakeholders.

While blockchain in many ways remains a ‘black hole’ – as few fully understand what it is – Shakur stressed that it is not just the latest fad, but instead a vehicle to spark conversation around digital transformation.

“Everybody can align around data standards, and blockchain is uniquely positioned to help drive that discussion in a way that I think we can all rally around,”​ added Sklodosky​Still, a hurdle to overcome, as with any emerging technology, is demonstrating value in a way that “hits home with the decision-makers,”​ he said.

“It takes a great deal of effort, a great deal of time to build up the education of what [blockchain] can do,”​ Shakur noted.

The problem is that the return on investment (ROI) is not immediate. Said Sklodosky, “You have to look at the long-term horizon and be willing to stay in it for that period of time and not every pharma company is going to be positioned to do that.”

It’s going to come down to a coalition of the willing, he said, “not everyone is going to be willing to pony up funding to do something that’s really for the greater good at the end of the day.”

Shakur said it will be a challenge to promote the project and give it its due platform, though the team remains committed to the vision of enhancing and digitalizing the supply chain, and is working on next steps.

“We’re trying to figure out what those next steps might be, what other use cases that we can leverage, what are the technical implementations of what that means and how that’s going to translate into the various companies,”​ he added.

As various proof-of-concept projects come together, providing a more holistic view of the use-cases for blockchain, Shakur said it will become easier to demonstrate its value.

“I think we need to keep asking ourselves at the end of the day, where is the patient going to derive the benefit from? That should be the guiding thought,”​ he added.

More Information: Outsourcing

  • Top 10 supply chain and logistics trends fueled by digital ecosystems
    Barcelona, March 4, 2021.- Mike Walker, Director of Applied Innovation at Microsoft, has published in Forbes magazine an interesting analysis on the implications of Blockchain technology in Logistics. 1. Digital Giants Incursion Traditional logistics providers are under attack. With parcel …
  • Blockchain Technology Solutions: What is Self-Sovereign Identity and what is it for?
    Barcelona, February 24, 2021.- Blockchain is the provision of decentralized information, in other characteristics. The application of Blockchain technology to the daily life of citizens increases. Today we talk about the Self-Soverign Identity solution according to the information published by …
  • Success against # COVID19 should thank blockchain solutions in critical scenarios
    Barcelona, February 13, 2021.- Blockchain technology has been implemented in several critical scenarios against the global COVID-19 pandemic. Both in the logistics of the different vaccines, as in the capillary distribution. The following report published by IoT For All is …
  • New York Times explains the evolution of #Blockchain #technology in 2021 with its origins in cryptocurrencies
    Barcelona, February 4, 2021.- New York Times, one of the most influential newspapers in the world, has published a great report on Blockchain technology, from its origins to the present day. For your interest, we reproduce a summary below: Don’t …
  • Reflection on the real and true importance of #blockchain #technology in the #supplychain, today
    Barcelona, January 24, 2021.- We have read this analysis by John Walker, President at Holo Sail Holdings Incorporated CEO at Holo Sail Technologies Inc. on the relevance of Blockchain solutions in the supply chain. We hope you find it interesting because …
  • #Blockchain technology participates in the global distribution of vaccines against #COVID-19
    Barcelona, January 14, 2021.- the BSA Foundation is an independent and nonpartisan international research organization aimed at educating policymakers and the broader public about the hugely positive impact that software has on our lives, our economy, and our society . …
  • Interesting #Blockchain project of the pharmaceutical company Pfizer
    Barcelona, January 4, 2021.- Outsourcing magazine published the experience of the pharmaceutical company Pfizer in a Blockchain project a few months ago. Pfizer today markets one of the world’s first COVID-19 coronavirus vaccines. We publish below an extract of …
  • The #Blockchain Keys to Improve India’s Supply Chain
    Barcelona, December 24, 2020.- Maritime Gateway magazine has published a very interesting report on the advances of Blockchain technology in India, one of the most populated countries in the world, along with China. Blockchain will help overcome historical inefficiencies in …
  • Success Story: Blockchain technology improves wine quality
    Barcelona, December 14, 2020.- Blockchain technology and wine manufacturers have come together to create a solution that improves the quality of wine. This is what we read on TechRepublic: Wine shipment, monitoring, and quality-scoring company eProvenance announced the rollout of …
  • Blockchain Success Story: HANSEBLOC Project and the Hamburg Logistics Initiative network
    The German government’s blockchain strategy was not adopted until late in 2019. “I am eager to see how the project develops over the next few years.” Barcelona, December 4, 2020.- Blockchain technology accumulates, day by day, new success stories, projects, public and private initiatives in …
  • #Blockchain infrastructure for two major China Ports
    Barcelona, November 24, 2020.- The freight ports are also committed today to digitize themselves, to implement the latest technologies to gain efficiency, productivity and profitability. Chinese ports have turned to Blockchain technology as a secure technology solution. As reported by …
  • What technology companies are leading the expansion of the #Blockchain in 2020-2021?
    Barcelona, November 15, 2020.- The has published a report on Blockchain technology. The most important investments in the world, the most mature projects, the companies with the greatest potential. It is a diagnosis to take into account to evaluate …
  • España, primer país del mundo en aprobar el estándar de identidad #blockchain
    Barcelona, 4 de noviembre del 2020.- La publicación Blockchain Economía ha publicado la siguiente información en la que destaca un importante avance para la tecnología Blockchain en España. La aprobación de una norma pionera que puede facilitar la implantación de …
  • According to the World Economic Forum by 2027 some 10 percent of global GDP will be Blockchain-based
    Barcelona, October 23, 2020.- Day by day, technological solutions based on Blockchain convince more digital professionals, IT departments in transport companies, public and private organizations, universities, etc. Precisely, from the university world of Australia we bring today this report on …
  • Walmart Canada and Toronto-based #blockchain firm DLT Labs launched a blockchain-based platform for supply-chain automation
    Barcelona, October 15, 2020.- Success stories on the implementation of a new technology are always useful for companies, whether they are multinationals, small and medium-sized companies. Blockchain has been around for long enough to be known to the IT departments …
  • The Intersection Of Blockchain And Supply Chain
    Barcelona, October 7, 2020.- Author: Ayman Shoukry is the Chief Technology Officer (CTO) of Specright, the first purpose-built platform for Specification Data Management. This analysis has been published in Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and …
  • The transport and logistics sector is becoming increasingly digitised as supply chain management and visibility remain as important as ever
    Barcelona, September 24, 2020.- The global economic recession needs innovative solutions, based on technological tools. Blockchain is a young technology solution, but promoting. Professionals who know its advantages count every day its main advantages. Information Age has published a very …
  • More than four out of ten (43%) of senior decision-makers at mid-market discrete manufacturers identified artificial intelligence (AI) among technologies likely to have the greatest impact on supply chains
    Barcelona, September 14, 2020.- During the last weeks, numerous smartphone manufacturers have been presenting their latest devices. Many of them already benefit from Artificial Intelligence (AI) to offer effective and simple technological solutions for anyone. Artificial Intelligence will find its …
  • El matrimonio IoT + Blockchain, las soluciones tecnológicas a incorporar a nuestra vida diaria
    Barcelona, 7 de setiembre del 2020.- La transformación digital que ha empujado la #Covid19 en todo el mundo acelerará la llegada de tecnologías disruptivas y su conversión a soluciones cotidianas en nuestras vidas personales y profesionales. Cointelegraph ha publicado las …
  • The best visual explanation of what blockchain technology is for your business and for your personal life
    Barcelona, August 31, 2020.- The 5th industrial revolution will be technological and each citizen will benefit. For example, Blockchain technology will transform company processes and the way we interact on the Internet. Its importance will be vital in the coming …
  • Blockchain: The best economic time to adopt a disruptive technology, still little implemented
    Barcelona, August 24, 2020.- Blockchain technology is still unknown by large and small companies. Its adoption is slow, according to the CapGemini consulting firm. In other words, now is the best economic time to bet on a new technology with …
  • Evolution of “Tradelens”, a #blockchain based digital container #logistics platform
    Barcelona, August 19, 2020.- According to Offshore Energy, the IBM and Maersk blockchain platform continues its positive growth after its launch two years ago. We recall the main technological improvements made possible by the IBM and Maersk Blockchain: Founded in …
  • Trends in international trade management software
    Barcelona, July 28, 2020.- Authors of this Analysis: Sharada Prahladrao and Steve Banker. Dr. John Wassick, Sr. Integrated Supply Chain Technology Fellow, Dow Inc., was on a supply chain panel at the ARC Industry Forum in Orlando. Dr. Wassick leads …
  • Supply Chain Resilience Planning, today in the Post #COVID-19 era
    Barcelona, July 8, 2020.- The Deloitte Consultant has published an analysis of the Supply Chain Resilience with conclusions that can be useful for any professional in supply chain management. As useful as the graph that we include with the most …
  • Deloitte´s 2020 Blockchain Survey
    Barcelona, June 16, 2020.- Deloitte Touche Tohmatsu Limited is the number one private professional services firm in the world, by turnover, it is one of the so-called Big Four Auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. Deloitte has prepared …
  • Do we have to trust Blockchain technology for the supply chain in 2020?
    Barcelona, May 24, 2020.- Of course, yes. Day by day, blockchain technology is being implemented in the management of companies from different economic sectors. In the Supply Chain Digital magazine, the benefits of blockchain are explained very simply:
  • El Blockchain en la Logística: AndSoft implementa el uso de la tecnología Blockchain con un portal para sus clientes
    AndSoft comercializa desde el año 2019 su estándar Blockchain en portales web con transparencia y la máxima seguridad en el intercambio de confirmación, y entornos seguros. AndSoft pertenece a BITA, Blockchain in Transport Alliance, que fue fundada en 2017 y se ha convertido rápidamente en la alianza comercial de Blockchain más grande del mundo, con cerca de 500 miembros en más de 25 países que generan colectivamente más de $ 1 billón en ingresos anuales. Los miembros son principalmente de las industrias de transporte, transporte, logística e industrias afiliadas.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s