Tech Mahindra, a provider of digital transformation, consulting, services and solutions, has partnered with StaTwig, a digital supply chain solution provider, to implement ‘VaccineLedger’ globally.
The partnership aims to roll-out a blockchain-based traceability solution for global vaccine supply chain transparency, predict and prevent failures in supply chains, including problems related to expired vaccines, stock out and counterfeiting.
Through this partnership, Tech Mahindra and StaTwig will work towards building a global consortium of vaccine researchers, governments, pharmaceutical companies, distributors, and healthcare workers. StaTwig will leverage Tech Mahindra’s go-to-market expertise, including access to sales and customer network, domain experience, balance sheet support, resource scale and system integration knowledge.
Tech Mahindra has also invested in co-development and testing of various enterprise security modules for the mobile and web application, to support the unique requirements from manufacturers and state governments.
Wastage of drugs
Rajesh Dhuddu, Blockchain and Cybersecurity practice leader – APAC and EMEA, Tech Mahindra, said: “Wastage of life saving drugs such as vaccines should be addressed on priority and we need to come together in order to effectively find a solution here.
“Our strategic partnership with StaTwig will enable supply chain participants with a single application to enhance traceability, and chain of custody. This will not only ensure safety and validity of vaccine supply but also helps in adherence to complex regulatory requirements, set up by Drug Administration Authority in any country.”
Traditional supply chain system boundaries are limited to boundaries of enterprise IT infrastructure, resulting in data silos in the ecosystem. A blockchain based application builds peer to peer bridges on current systems that support real time data sharing, authentication and validation.
Vaccine Manufacturers can use such data beyond track & trace to inventory management, vendor payments, IOT integration and smart contract. VaccineLedger is an open source platform and designed to perform end-to-end traceability at vial level for vaccines in the global supply chain. It prevents the need of replacing the existing system, therefore, removing the barriers of adoption. It can easily integrate with existing systems and show immediate results in the countries where it is deployed.
Sid Chakravarthy, founder and CEO, StaTwig, said: “With VaccineLedger, we are aiming to re-design and re-engineer the traditional supply chain information systems to give continuous visibility and complete traceability. With the help of VaccineLedger, vaccine manufacturers and governments can work together to prevent counterfeiting, cold-chain failures and stock outs.”
Want to learn more from executives at the heart of this space? The Blockchain IoT Solutions Congress, on November 2 2021, will explore the convergence of these two technologies and the use cases and industries that will benefit.