Category: Distributed Ledger Technology

DTG’s Craig Drabik and Canopyright Founder Jeffrey Hamilton with Hedera’s Gehrig Kunz on DLT and Blockchain in the Real-world

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Cannabis entrepreneur Jeffrey Hamilton and TxMQ DTG Practice Manager Craig Drabik join host Gehrig Kunz on Blockchain in the Real-world to discuss cannabis IP rights and the role of the Hedera network in the development of Canopyright.

Canopyright employs distributed ledger technology on the Hedera network to provide a “decentralized herbarium where marijuana breeders can register their unique cultivars and transact business with growers effortlessly, securely, confidentially, and paperlessly.”

TxMQ’s Disruptive Technologies Group specializes in applying cutting edge technologies such as blockchain, IoT, and machine learning to solve critical business problems and open up new business models.

Ready to learn how DTG can help you use emerging technologies to disrupt your industry?  Contact us to schedule a free discovery session today!

 

Pharmaceutical Supply Chain Track and Trace Proof-of-Concept

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Industry: Medical Prescription Manufacturing, Shipping and Logistics

Overview: Utilize Blockchain to create a trusted, immutable record for tracking shipments of highly regulated substances such as opioids.

Challenge: Tracking shipments of highly regulated products is often cumbersome with many parties involved in manual processes which opens the process up to a high potential for inaccuracy or fraud.

Solutions: Utilize a distributed ledger, on a Swirlds Hashgraph network to more accurately track shipments of highly regulated substances.

Technologies: Swirlds Hashgraph

 

Summary:

Within the pharmaceutical supply chain, regulatory compliance can place a massive burden on all parties. Many existing supply chains utilize manual processes that can drastically increase the possibility of manual errors and the potential for fraud. Since the introduction of Blockchain and Distributed Ledger Technology, Shipping, Logistics, and Supply Chain tracking have become one of the most popular use cases.

This proof of concept we were able to demonstrate that Blockchain technology is an ideal solution for tracking and compliance. Within the Pharmaceutical Supply Chain, Blockchain can be used to create more transparency throughout the process, in addition to an immutable record to ensure safety requirements and regulations are being met and are in compliance. It was built as a demonstration for applying Swirlds Hashgraph technology to the regulated supply chain space.

UX Examples of Reports from Solution

DLT Solution for Medical Credentialing Tracking

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Industry: Healthcare

Overview: The Customer wanted to integrate DLT into their existing medical credentials management platform in order to enhance trust in the information and reduce the amount of time required to verify credentials.

Challenge: Verifying medical credentialing is a very lengthy process in a highly regulated industry. In most cases the process can take weeks or even months to verify credentials, and many times has to be redone for verification purposes in each instance, such as medical professionals taking on other work-as is common in the field.

Solutions: Using the customer’s existing Salesforce application, TxMQ connected it to a distributed ledger network via REST API. The system includes an innovative mechanism for storing credential documents securely, with high availability.

Technologies: Salesforce, Swirlds Hashgraph, Java 8, CouchDB

 

Summary:

A Healthcare Practice Management organization wanted to add distributed ledger technology to their existing credential management platform. The client was looking for a way to shorten the lengthy credential verification process by enhancing trust in the credentials stored on the platform, while ensuring they were stored in a secure, tamper proof environment to avoid fraud and legal issues for their organization and clients.

A DLT solution quickly became the leading technology choice to underpin the solution and deliver the desired result. The Healthcare Practice Management organization had evaluated several blockchain-based platforms and found that they didn’t quite offer the needed stability, scalability, and high availability that was needed. For that reason they chose to utilize the technology from Swirlds, which uses Hashgraph with a unique Asynchronous Byzantine Fault Tolerant consensus mechanism that is built into a private network.