Portland State University (PSU) researchers have made a protocol to prevent counterfeit pharmaceuticals from filling the market, according to a press release on April 15.
PSU researcher and professor of computer science at the Maseeh College of Engineering and Computer Science, Nirupama Bulusu, in collaboration with PSU computer science doctoral student Naif Alzahrani published a work dubbed “A new product anti-counterfeiting using a truly decentralized dynamic consensus protocol.”
In the paper, the researchers described a new -based method to record geared to facilitate the fight against fake pharmaceuticals by product checking and decentralization. The proposed solution represents a -based chain of information, with only users possessing a specific key to access or modify the stored data.
Bulusu reportedly stated that the decision to create the protocol was due to the fact that the counterfeit pharmaceutical crisis harms the most vulnerable international populations. “This protocol could potentially disrupt and disable illicit supply networks,” Bulusu said.
technology has been widely adopted in order to fight counterfeiting in various industries. Recently, IBM and data storage firm Seagate a joint initiative to fight counterfeit hard drives using technology. The project will reportedly use IBM’s Platform to help manufacturers, integrators, and business partners better authenticate the provenance of hard disk drives.
Last October, venture capital subsidiary Medici Ventures in -based technology company VinX to develop a -powered wine futures platform. VinX plans to develop a -based digital wine futures platform based on the Bordeaux futures model, that will enable the trade of wine futures on a platform. The initiative purports this will create a secure supply chain that assures product provenance and thus reduces fraud in the wine industry.
Published at Mon, 15 Apr 2019 22:08:42 +0000
