🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Blockchain Solution Counters COVID-19 Vaccine Fraud in Singapore

Blockchain Solution Counters COVID-19 Vaccine Fraud in Singapore

A Singaporean healthcare provider has started using a blockchain-based network to track and verify valid COVID-19 vaccines.

The Singaporean branch of Zuellig Pharma, one of Asia’s biggest healthcare providers, is using eZTracker, a blockchain-based management system to track COVID-19 vaccinations in the country.

The SAP blockchain product is used to ensure that citizens do not receive expired or counterfeit vaccines.

How to Track Cryptocurrencies? (3 BEST Tracking Platforms Revealed)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

How to Track Cryptocurrencies? (3 BEST Tracking Platforms Revealed)

How to Track Cryptocurrencies? (3 BEST Tracking Platforms Revealed) How to Track Cryptocurrencies? (3 BEST Tracking Platforms Revealed)

According to Zuellig Pharma, the new eZTracker system would help prevent the use of counterfeit or expired vaccines. The users can easily verify the validity of their vaccines by using a mobile app.

Daniel Laverick, vice-president and head of digital and data solutions at Zuellig Pharma, stated:

​For products registered with eZTracker and depending on the needs of our pharma principals, patients can scan the 2D data matrix on the product packaging to verify key product information like expiry date, temperature, and provenance through its app powered by blockchain.

Zuellig Pharma’s eZTracker uses the SAP blockchain technology to capture, track and trace multiple data points for COVID-19 vaccines or other medical products, while the mobile app verifies this information instantly. This data is used to improve supply chain transparency.

Laverick emphasized transparency and medical integrity, stating that “accidents involving expired or improperly stored vaccines can be avoided.”

The SAP Blockchain, used to create Zuellig Pharma’s solution, operates as a Blockchain-as-a-Service (BaaS). Clients can use this service to develop blockchain extensions for their applications. According to data provided by SAP, 77% of the world’s transaction revenue crosses one of their systems at some point.

This is not the first management solution offered by Zuellig. In 2020, the healthcare provider partnered with the pharmaceutical company MSD. They developed and launched eQTracker in Hong Kong. The tool was used to trace Gardasil, the vaccine for the human papillomavirus (HPV).

eZTracker is an end-to-end blockchain solution, developed using the SAP Blockchain. It is expected that the product could step into the Hong Kong market next. In mid-January 2022, Hong Kong health authorities reported that 36 people received expired COVID-19 vaccines at a private clinic.

Fraud of medical products is a hot issue in Southeast Asia. According to the UN Office on Drugs and Crime, it’s estimated that consumers in the region spent anywhere between $520 million and $2.6 billion per year on counterfeit medications.

Zuellig Pharma provides healthcare services in 13 markets in Asia, including Singapore, Hong Kong, and Thailand. They provide digital and commercial services to more than 350,000 medical facilities across the board.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating