anti-counterfeit

Male is examining a bottle of pills

Benefits of NFC Tags for Pharmaceutical Companies

Near-Field Communication (NFC) is a critical driver for pharmaceutical businesses, which financial impact is increasing at a 6.9% yearly pace since 2014. However, there are significant obstacles, such as the increasing proliferation of counterfeit pharmaceuticals, which now account for 8% to 15% of all pharmaceutical items sold worldwide, according to the World Health Organization. Patients …

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blockchain concept in pharmaceuticals

Blockchain: Anti-Counterfeit Technology in Pharmaceutical Industry

The proliferation of counterfeit drug trade has been fueled by the growth of international free trade and a lack of drug regulation. Technological protection is considered to be the most effective way to avoid this problem. A medical product is counterfeit when there is a false representation in relation to its identity or source. This …

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