Europe: SAP Launches New Blockchain Software to Authenticate Pharmaceuticals, Eliminate Counterfeit Drugs

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SAP has recently launched a new blockchain system that would be used to track drugs and reduce counterfeit products enter the market. The intention is to allow wholesalers to authenticate pharmaceutical packaging. The supply chain in the pharmaceutical industry will be enhanced with the latest system developed by SAP. The information was released by SAP in a press release on January 16. Wholesalers in the United States encounter 60 million returns annually that have an estimated value close to $7 billion.

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