Pharmaceutical giant Bayer has hired VeChain to develop a blockchain logistics solution The Chinese arm of pharmaceutical company Bayer has partnered with the VeChain blockchain project to develop a drug tracking platform.

Pharmaceutical giant Bayer hires VeChain to develop a blockchain logistics solution

Bayer, China, partnered with VeChain to develop a drug tracking platform.

The system was named CSecure and will allow fixing drug batch numbers in the blockchain. After that, interested participants will be able to follow their movement along the supply chain based on time stamps and user identification information. Such a system excludes the possibility of changing the data by an unauthorized person, the developers say..

In 2019, Bayer China announced a competition to select a blockchain infrastructure provider, which was won by VeChain. The system will use its own VeChain blockchain-as-a-service platform ToolChain. It allows you to adapt various implementations of distributed ledger technology to the needs of a particular client..

“We appreciated the stringency of the pharmaceutical industry while working with Bayer China,” said Sunny Lu, CEO of VeChain..

Previously VeChain entered into cooperation with the Chinese branch of the supermarket chain Walmart and the audit company PwC.

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