IBM Use Blockchain to Improve Pharmaceutical Supply Chain Finance in China

[kreslik.news]

IBM (NYSE: IBM) and China’s Sichuan Hejia Co., Ltd. have announced the launch of a blockchain-based, supply chain financial services platform for pharmaceutical procurement.

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By tracking drugs through the supply chain and encrypting trading records, the transparency of the blockchain can help establish the authenticity of transactions, lower the credit risk profiled by banks and shorten the payment period.

Leng Tianhui, Board Chairman of Hejia, said: “The launch of the supply chain financial services platform marks a milestone for the cooperation between Hejia and IBM on the innovative application of ... (read more)