PharmaTrace Innovates with HBAR Funding to Transform Pharmaceutical Logistics
The pharmaceutical industry is set for a transformative shift as PharmaTrace, a leading provider of serialization and tracking solutions, has secured 300,000 HBAR through Hedera’s Thrive program. This funding is slated to support the development of a Regulated Decentralized Physical Infrastructure Network (DePIN) to optimize pharmaceutical supply chains.
From Private to Public-Permissioned Blockchain
PharmaTrace currently operates on Hyperledger Fabric, offering compliance tools to its healthcare and pharmaceutical clients. With the new funding, the company is transitioning to a public-permissioned ledger built on Hedera’s robust architecture. This move opens doors for wider interoperability while ensuring sensitive data privacy remains intact.
The upcoming solution will enable public validation of supply chain events, providing unprecedented transparency to an industry where compliance is key.
Driving Innovation with Hedera Technology
PharmaTrace plans to integrate Hedera’s advanced technologies, such as:
- Hedera Token Service (HTS): Representing serialized pharmaceutical products.
- Hedera Consensus Service (HCS): Recording verifiable supply chain event logs.
Through Hedera’s mirror nodes, regulators and authorized personnel can independently validate supply chain activities without compromising confidential data. This hybrid model combines blockchain-backed audit layers with seamless compatibility for existing compliance workflows.
Collaboration with Industry Leaders
Competing with established players like TraceLink, VeChain, MediLedger, and Optel, PharmaTrace emphasizes improving audit layers without needing clients to overhaul their internal systems. The company will also launch a utility token tied to reporting accuracy, platform access, and governance, adding operational value to users.
Beyond its flagship project, PharmaTrace is contributing resources and documentation to the broader Hedera ecosystem, focusing on regulated supply chains.
Explore Blockchain Innovation in Pharma
Blockchain technology continues to disrupt operational norms across industries. If you’re intrigued by how decentralized systems can enhance transparency, consider learning more about Hedera-based solutions in pharma. These advancements reflect a commitment to efficiency, security, and public trust.
Explore Hedera Technology or discover TraceLink’s serialization solutions to gain insights into supply chain innovation.
