FedEx Institute, Pharmacy Team Up in Cancer Blockchain Project

Good Shepherd, among its many operations, works to collect unused medications from cancer patients for distribution to others who cannot afford to purchase their own. Through the blockchain, this initiative will be enhanced, allowing for secure distribution and reduced costs of operation.

Good Shepherd CEO Phil Baker said, “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.”

Read the full article at Coin Geek.