Blockchain technology allows information to be distributed securely, and that can help with Memphis-based Good Shepherd's initiatives to retrieve unused medications from cancer patients and make them available to the disadvantaged.
"In Tennessee alone, over $10 million worth of perfectly good prescription medication gets flushed down the toilet every year," Phil Baker, Good Shepherd Pharmacy's CEO, said. "Blockchain is the solution for that problem. The REMEDI project (REclaiming MEDicine) will divert valuable medication into the hands of patients who would not otherwise use it."