Walmart integrates MediLedger to track pharmaceuticals

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After adopting the IBM Food Trust, Walmart , the retail giant announced its participation in the MediLedger consortium, another blockchainized platform dedicated to pharmaceuticals.

A new involvement in the Blockchain

The IBM Food Trust had allowed Walmart to control the provenance of its agricultural products from fields to sales departments.

Based on a Blockchain technology, this platform today guarantees the transparency of supermarket goods, but it only identifies leafy vegetables.

Recently, the company decided to integrate a new platform called MediLedger , based on Blockchain technology, which traces the pharmaceutical products.

Health and Wellness products are worth $ 35 billion in sales at Walmart, a reason that has prompted the company to deepen its control and transparency.

MediLedger, a different Blockchain for different products

Unlike the IBM Food Trust, MediLedger is a consortium of pharmaceutical industry players such as Pfizer , McKesson , AmerisourceBergen and Cardinal Health .

Its aim is to ensure transparency on the supply of medicines. For this year, its funding cycle has been close to $ 16 million.

On the technical side, MediLedger is supported by the Ethereum network, mounted on a modified version of the Parity client, with a special consensus called proof of authority.

On the other hand, Mediledger and Walmart plan to launch a program with the Food and Drug Administration (FDA) to deepen the system of digitization and verification of prescription drug supplies, at the request of the congress for the year 2023.

What do you think of this new Blockchain integrated by Walmart? Comment in the comments section.

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