Blockchain Technology in the Pharmaceutical Industry

Figure 1: The drug development process (Based on Himmelmann, 2009)

Use case: pharmaceutical supply chain and the counterfeit drug problem

Implementing the prototype: LifeCrypter

Figure 2: Smart contracts provide integrity, traceability and transparency (Based on U.S. Department of Health and Human Services, 2017, A Drug Supply Chain Example)
Figure 3: Tracking the supply chain of a drug

Another use case: information asymmetry and abnormal returns in pharmaceutical R&D

Remarks

  • Blockchain knowledge: We wrote a Medium article on how to acquire the necessary blockchain knowledge within a workload of 10 working days.
  • Our two blockchain books: We have edited two books on how blockchain will change our society (Amazon link) in general and the everything related to finance (Amazon link) in particular. Both books are available in print and for Kindle — currently in German and soon in English. The authors have been more than 20 well-known blockchain experts in startups, corporations and the government from Germany, Austria, Switzerland and Liechtenstein — all contributing their expertise to these two books.
Our two books: the first one on blockchain and the society and the second one on blockchain and finance

Authors

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Professor | Lecturer | Author | Investor | Frankfurt School Blockchain Center

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Philipp Sandner

Philipp Sandner

Professor | Lecturer | Author | Investor | Frankfurt School Blockchain Center

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