- Dec 07, 2018
JD Launches Blockchain Based Pharmaceutical Tracking Solution
JD has launched a blockchain technology-based JD Medicine Open Tracing Solution in an effort to provide more transparency into pharmaceutical supply chains in China.
Announced at JD’s 2018 Big Data Summit in Beijing, the Medicine Open Tracing Solution is available on the JD Blockchain Open Platform and seeks to address concerns in China about the authenticity of medicines by supplying consumers with reliable and transparent tracing information. The tracing solution will cover every step of production, medical application, transportation, storage and sales of drugs. It has a friendly user interface and leverages IoT solutions to improve data collection efficiency.
The move comes after a handful of recent pharmaceutical safety incidents in China concerning substandard products, particularly when it comes to vaccines, which have been found to be expired or below safety standards in the past. As a result, Chinese consumers are increasingly concerned about the safety and origin of the medicine they consume.
In light of this, JD is teaming up with industry partners including medical software providers, industry associations, and smart hardware manufacturers to develop an entire IoT ecosystem of devices to promote medical traceability, raising standards and increasing transparency across the industry.
“This solution will provide necessary transparency and accountability to all those involved in the pharmaceutical industry, including consumers, businesses and governments,” said Jian Pei, head of JD Big Data and Smart Supply Chain.
“JD has a strong track record in supply chain transparency, and is committed to leveraging our technology capabilities to enable the accurate collection of transparent and reliable information about how medicines are sourced.”
JD launched its JD Blockchain Open Platform earlier this year to provide blockchain capabilities to a wide range of industries. Part of its Retail as a Service (RaaS) initiative, JD is leveraging its strengths in supply chain, technology, logistics and other areas to empower its partners. China Pacific Insurance Company (CPIC), the first company to use the platform, used it to deploy a traceable system for e-invoices, or “fapiao”, the official receipts required in China for business.