Protocol driven approach to complying with specific regulatory standards on an industry level.
The global supply chain compliance landscape is more dynamic today than during any other time in history. Increased stakeholder expectations, heavy fines resulting from non-compliance, delayed market access due to complex global trade rules, and a multitude of overlapping raw materials and product integrity requirements are common challenges organizations navigate.
It’s time to see compliance as an opportunity, not a burden.
Regulate interstate commerce of guns and other restrictions on buying and selling guns
Ensure that ingredients are sourced from approved suppliers and handle food recalls
Establish system for detecting and removing potentially fake or contaminated drugs
Reduce Illicit tobacco trade
Trading partners must register their facilities and maintain a record of the ingredients in each product
Importer of record must capture the information about seafood origin and ensure compliance
Independent third party audits of traceability and submission of these audits to the SEC
Pharmaceutical companies in Europe and the US are required to serialize, track, and verify their drugs from production through to dispensing, to ensure safety and legitimacy. In the US, they must do so with an interoperable digital method by 2023.
Chronicled launched the MediLedger Project in 2017 as an ecosystem for the pharmaceutical industry. The Saleable Returns / Verification and Confidential Change of Ownership Solution Protocols leverage GS1 standards, and register ‘proofs’ ofs supply chain events to an industry ledger blockchain backend. The solution protocols emerged after a year of requirements gathering and R&D within the pharmaceutical industry working group members, and is solving problems such as data privacy, exception handling, and aggregation. This hub and spoke data exchange minimizes integration costs and integrates easily with existing systems and scanning and packaging infrastructure.
By logging key supply chain events in an anonymous way, privacy is achieved while also full-item history, and quality control, and mico-second verifications are assured. The result is a safer, more compliant flow of critical, often lifesaving, pharmaceutical products.