Blockchain for Pharmaceuticals
Discover how web3 is emerging in the Pharmaceuticals industry.
Companies we’ve helped with their web3 strategy
What challenges face the Pharmaceuticals industry?
The Pharmaceuticals industry faces a few key challenges including: Invoicing, Transparency and Data Privacy.
Manual invoicing processes can lead to delayed payments and record-keeping errors.
Transparency is a cornerstone of trust and accurate information dissemination, critical for effective decision-making and accountability across various sectors.
Data privacy concerns are escalating as personal data becomes susceptible to unauthorized access, potentially leading to identity theft and confidentiality breaches.
Blockchain can help us solve some of the world's biggest challenges, such as poverty and climate change.
Satya Nadella
Chairman and CEO, Microsoft
What are use cases for blockchain in the Pharmaceuticals industry?
Blockchain can be used to solve problems in the Pharmaceuticals industry including Research Fundraising, Permanent Document Storage and Privacy.
Blockchain can be used for research fundraising, offering transparent, secure transactions, and ensuring accountable fund utilization. Donors can track contributions, fostering trust and transparency in the process.
Blockchain can securely store documents by encrypting and recording them on a decentralized network, ensuring permanence and tamper-proofing.
By providing a decentralized and transparent platform, blockchain technology can ensure privacy. It securely stores and verifies sensitive data, eliminating the need for a central authority.
How can Alchemy help Pharmaceuticals companies with their blockchain strategy?
Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Healthcare companies plan, build, and scale new blockchain initiatives.
Previously, we couldn't automate bookkeeping for on and off-chain purchases within our carbon removal marketplace. With Alchemy's Custom Webhooks, we can instantly get notified about the most recent on-chain transactions and can merge that information with off-chain data. The key thing for us here is that this data is 100% reliable, so we know we can safely show it to our users in the frontend.
Jaycen Horton
Co-founder, Nori
