FedEx Institute Partners Good Shepherd Pharmacy to Develop Blockchain Infra

The main goal of the project is to accumulate unused medications from cancer patients for distribution to others who cannot afford to buy their own. With the use of blockchain, this action will be improved, providing a secure distribution and reduced costs of operation. A secure and immutable ledger would allow for a safe and confidential distribution of medical information.

On the eve of the deal, CEO of Good Shepherd ‘Phil Baker’ mentioned that, “In Tennessee alone, over $10 million worth of perfectly good prescription medication gets flushed down the toilet every year. 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.

Read the full article at Cryptoniam.