NFC

Man using blockchain technology

Blockchain: Solving the Global Problem of Counterfeit Drugs

Saving money to purchase medicine in the hope of curing a life-threatening condition, only to discover that the drug purchased was a counterfeit, is too painful. For several years, the number of counterfeit pharmaceuticals that have successfully made their way into reputable pharmacies, then to end-consumers has been steadily increasing. In fact, the World Health …

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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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