An influential Indian government think tank is reportedly working on a blockchain proof-of-concept (PoC) solution to crackdown on the country’s chronic counterfeit drug supply.
The National Institute of Transforming India (NITI Aayog), the country’s foremost policy-making body and think tank, is looking to complete the PoC by the year’s end ahead of a real-world rollout in 2019, according to local publication Factor Daily.
According to a 2017 report released by the World Health Organization (WHO), approximately 20% of medicines sold in India are found to be sub-standard or falsified. The report also suggests that 35% of counterfeit drugs sold globally come from India, underlining the significant problem at hand.
Sourced through Scoop.it from: finance.yahoo.com