Stratis, the company making blockchain easy, today announces a partnership with UK Meds, the UK’s fastest growing online pharmacy. The agreement sees UK Meds implement blockchain technology across its UK operations with plans to collaborate with the wider online pharmacy industry.
UK Meds is the fastest growing online pharmacy in the UK, handling between 3,000 and 4,000 patient prescriptions digitally each day. The company will deploy Stratis’ blockchain technology to improve patient safety across the online pharmacy sector as a whole, reducing instances of patients ordering multiple prescriptions.
By ensuring each patient’s request for a prescription is logged on a shared and immutable distributed ledger across a group of UK online pharmacies, the programme ensures patients can only access prescribed quantities of medication. Doctors dealing with online consultations and pharmacies preparing medication will have the ability to cross reference patients using a unique identifier assigned to each individual. Any previous request for medication across all online pharmacies in the programme will be easily referenceable using Stratis’ technology, ensuring patients receive correct prescriptions.
Joe Soiza, CEO at UK Meds commented: “Despite screening our own customers by IP addresses, phone numbers, cookies and many other factors, there isn’t a cross-industry solution to identify patients attempting to obtain multiple orders of drugs, with opioids being a particular example. Clearly our entire industry needs to come together to ensure we do everything possible to protect the vulnerable and utilizing Stratis’ technology can help us achieve that.”
He continued: “The Stratis Platform provides a highly secure blockchain solution that can be shared across the industry to provide a trusted and verifiable record of patient requests for medicine. We are initiating this programme, and we have over 10 online pharmacies onboard already. It’s our ambition for this to become the de facto standard across the entire UK industry.”
Chris Trew, CEO, Stratis Platform added: “This is a great example of blockchain being deployed where its unique qualities will make a real difference. Using traditional IT solutions to solve this issue would require significant expense and would undoubtedly be administered by a third-party organization. With blockchain, the industry can cooperate on the critical issue of patient safety using a shared version of the truth.”
Stratis’ technology will also be used to improve UK Meds’ own supply-chain by deploying Stratis’ Smart Contracts in C#, this is essentially code running on top of a blockchain enabling them to undertake specific tasks, at critical stages. In combination with track and trace logistics solutions, each shipment of medication will be logged on the blockchain when originally produced by the manufacturer, during points of distribution and again on arrival at UK Meds to certify pharmaceutical shipments are correctly packed, arrive in fine condition and remain securely sealed in the correct quantity.
Soiza added: “We decided to work with Stratis on this programme because their platform is written in C#, an accessible computing language for developers across our industry. Blockchain is completely new for us, and Stratis have consulted with us for many months to help get this off the ground.”
The deployment comes on the back of a string of new development milestones for Stratis, including the release of Stratis Sidechains and the successful launch of their Smart Contracts in C# platform.
- What do Banks Need to Know About Virtual Currencies Right Now? - April 4, 2019
- Why Bitcoin Surged 20% In A Day, And What This Means For Its Future Price - April 4, 2019
- Japanese USDDex – New ERC-20 Stablecoin Claims up to 45% Profit to Crypto Investors - March 19, 2019
- Will Increased Decentralization Give Bitcoin its Second Life? - March 18, 2019
- Cryptocurrencies and crowdfunding: The road from the Statue of Liberty to tokenisation - March 13, 2019
- An Overview of the Best Bitcoin Exchange Apps - March 7, 2019
- How to not get Hacked Using Cryptocurrencies - February 20, 2019
- Ethereum Constantinople Hard Fork – What is it and How Might it Affect Prices? - January 15, 2019
- Weekly cryptocurrency analysis from David Thomas, Director and Co-Founder of GlobalBlock - January 10, 2019
- Bitcoin and Crypto’s Year Ahead – What does 2019 Have in Store? - December 21, 2018
- This weeks Cryptocurrency analysis from David Thomas, Director and Co-Founder of GlobalBlock - December 17, 2018
- Cryptocurrency Update from GlobalBlock - December 10, 2018
- To the blockchain and beyond: are security tokens the third wave in Fintech? - December 4, 2018
- Creating a Safer Working Environment For Freelancers With Blockchain - November 26, 2018
- Guest Post: How To Open Bank Account for Crypto Business – a Detailed Survey - October 24, 2018
- Blockchain in Africa: The next frontier - September 20, 2018
- UK’s Fastest Growing Online Pharmacy, UK Meds, to Implement Blockchain Technology with Stratis - September 5, 2018
- Will Blockchain Revive the Banner Ad? - August 28, 2018
- Blockchain Meets REIT – A New Era in Real Estate Investing - August 27, 2018
- How GXS Built the Blockcity: Own and Secure Data with 1.8 million Others - July 20, 2018