VeChain, in partnership with DNV GL—a risk management and quality assurance company—has announced they are leveraging public blockchain technology to rapidly advance drug traceability, monitoring, security, and auditing. This solution will first and foremost be introduced within China, but it has the potential to eventually be implemented globally.
This drug and vaccine traceability solution has arrived at a time that China desperately needs it most. China is currently undergoing a vaccine safety scandal—it was recently discovered that Chinese vaccine manufacturers illegally produced and faked documents for rabies vaccines that have been administered to hundreds of thousands of Chinese children and infants.
This is not the first time Chinese vaccine manufacturers have been caught putting illegal and faulty vaccinations on the market, either. In fact, vaccine fraud has been a widespread problem across the nation for years.
In 2015, a massive illegal vaccine trade ring was…