Pharmaceutical Tracking & Data Services
What is MedTrace
MedTrace provides future-proof blockchain and AI based provenance systems for the pharmaceutical and healthcare sector. MedTrace digital solutions and services create efficiencies, accountability and transparency for supply chains, ease the burden of compliance requirements, reduce costs and eliminate counterfeit or substandard products.
MedTrace solutions create immutable and incorruptible records to ensure data integrity and full auditability. This means our data analytics and AI services can be trusted.
Digitising and automating our client processes by utilising the "smart contracts" functionality of blockchain, creates significant cost savings for our clients.
MedTrace’s Partners and Clients include Pharmaceutical companies, Wholesalers Distributors, Governments, Regulators, NGOs, and Labs.
Our Pharmaceutical tracking and data services will lead to advanced planning and forecasting abilities. We combine Blockchain and Artificial Intelligence, so our customers know what to manufacture, when to manufacture it, in which quantities and for which territories. This will create significant efficiencies and costs savings for our customers.
AutoBlock provides an enterprise ready Blockchain solution which provides end to end provenance of pharmaceutical products. Our solution seals the pharmaceutical supply chain from fake or substandard medicines, thereby safeguarding consumers who can use our free Consumer Confidence App to check the authenticity of medicinal products.
Since our tracking services are based on Blockchain, we can ensure data integrity, it is immutable and incorruptible. AutoBlock provide advanced and sophisticated data analysis based on data which can be trusted allowing our customers to make accurate and data driven decisions.
Since AutoBlock is sensor and technology neutral, we can work with our customer preferences and their legacy technology systems. Not only is this cost effective, it means that our solutions can truly digitize and future proof your operations.
Strategically, we have ensured that we use innovative technologies so our solution can work anywhere in the world by using mobile phone technology and various proprietary software technology development by AutoBlock.
Benefits Of Our Solution
Business & Costs
- Digitize and modernize your company processes and procedures
- Enable your business to become a data centric company
- Reduce costs through automation of processes
- Exceptionally fast and precise recall process
- Streamline returns and thereby reduce costs/fraud
Tech & Insights
- Aggregate data from diverse legacy systems
- Ensure data integrity by creating immutable and incorruptible records on Blockchain therefore regulator friendly
- Future proof tech infrastructure and prepare operations for IoT
- Use machine learning / AI services to provide valuable data insights for a call to action, eg more effective demand planning and management
Services & Results
- Enable regulatory compliance (DSCSA)
- Eliminate counterfeit and substandard drugs
- Highlight quality issues by exception
- Automated law enforcement notifications