FedEx announces blockchain-based project to distribute medicines to cancer patients

The FedEx Institute of Technology announced its partnership with the pharmaceutical services company Good Shepherd Pharmacy to develop a blockchain-based infrastructure to help cancer patients obtain medication.

This technological institute is an organization that works as a promoter of work and interdisciplinary research in emerging technologies that operates in conjunction with the research infrastructure of the University of Memphis since February of this year in order to strengthen the university and turn it into a research power and technology.

In this sense, Good Shepherd Pharmacy (also located in Memphis) recognizes the blockchain as a means to carry unused medications for cancer patients and make them available to economically disadvantaged patients who could not obtain them otherwise, developing a safe and confidential way. to distribute medical information.

"Nothing more in Tennessee, more than 10 million dollars in perfectly functional drugs go down the toilet year after year. Blockchain is the solution to this problem, so the REMEDI Project (REclaiming MEDicine) will take these medications to patients who otherwise could not use them. "

This institute will organize an event to attract blockchain enthusiasts and experts to discuss this initiative, in conjunction with Blockchain 901; professional organization that seeks to expand its brand in the Memphis area.

Previously, FedEx CEO Fred Smith commented that he considered the blockchain to be the next frontier that would change the world's distribution chains, and in February of this year the company joined the Blockchain in Transport Alliance (BiTA).

It is worth noting that last month another blockchain-based pharmaceutical project was announced by Microsoft and Adents, proposing a model that would offer traceability to both sides and visibility from the point of origin through the entire chain of command, which would allow Users track each item inside a suitcase, for example.