Pain Point A
According to the WTO, counterfeit medicines account for 10% of the pharmaceutical market and nearly 30% of them come from developing countries, which poses a serious threat to human health and safety.Every year, the pharmaceutical industry loses as much as $200 billion for counterfeit drugs and patient safety problems.
Pain Point B
For high-end drugs, it is difficult to monitor and control the transportation, as it required to transport under constant temperature. In addition to tracking location, the intelligent chip that UDT is developing can also sense temperature, humidity, air pressure and other factors to solve the special requirement of drug supply chain, thus guarantee the quality of drugs.
The industry solutions provided by UDT can monitor the entire production and supply process and record on the blockchain. The untampered attributes can effectively combat counterfeit drugs on the market. Meanwhile, all medical records of patients can be stored and protected by blockchain technology, thus, the medical disputes caused by errors and omissions in medical records or prescriptions will be reduced. This ensures data integrity and zero error while strengthening trust between health care providers and patients.