San Francisco (ots/PRNewswire) - Companies to apply technology
originally developed to address drug safety, to pricing accuracy,
chargeback automation, and other supply chain solutions
Chronicled, the technology company behind MediLedger Network, has
entered into a partnership with Parity Technologies, the developer
behind Polkadot and Substrate; together the two will leverage modern
peer-to-peer communication and blockchain technologies to improve the
integrity and efficiency of the Life Sciences supply chain.
The MediLedger Network is the leading blockchain-powered network for
automatically settling trading partner transactions in the Life
Sciences industry. Over 77 pharmaceutical firms are participating in
the MediLedger Network, including 9 of the top 10 pharmaceutical
manufacturers, as well as leading healthcare distributors and Group
Purchasing Organizations (GPOs).
MediLedger was developed using Parity's blockchain framework,
Substrate, which also powers Polkadot, the 8th largest cryptocurrency
by market cap.
MediLedger was initially created to tackle drug supply chain safety,
and under this new partnership that framework will be applied across
a diverse range of areas, including: product data verification on
drugs returned to distributors, and settling drug discount
reimbursements between manufacturers and distributors (chargebacks).
Substrate provides unparalleled flexibility for MediLedger, enabling
the development of blockchain solutions to meet the demands of any
use case. At present, MediLedger solutions utilize a permissioned
network configuration, and their new capacity to interoperate with
other blockchains such as Polkadot, creates an exciting wealth of
opportunities for innovation with permissioned and/or public hybrid
use cases, or tokenization within Life Sciences.
"We discover exciting new use cases every day for the application of
blockchain and Web 3.0 technologies," says Susanne Somerville, CEO of
Chronicled. "Substrate has been designed to adapt to the future, and
will enable us to innovate and fulfil whatever needs the industry
requires of us"
Pricing discounts offered to pharmaceutical dispensers across the
U.S. are governed by the contracting and chargeback processes, which
have historically been supported by dated technology such as EDI, and
in some cases, emails and spreadsheets. Through MediLedger, partners
can align on customer eligibility and pricing in real-time, all the
while maintaining chargeback accuracy prior to claims being shared
It's a breakthrough for the industry, and will reduce the industry
error rates from approximately 4% to around 0.1% across multiple pain
points such as: chargeback disputes, pricing errors, and
inefficiencies impacting cash flow.
Parity Technologies is a core blockchain infrastructure company. It
is creating an open-source creative commons that will enable people
to create better institutions through technology. This started with
work building Ethereum. Today, Parity is focused on Substrate, an
industry-standard blockchain framework. It has used it to build
Polkadot, a decentralized web blockchain meta-protocol, securing and
connecting crypto-economies to the world.
Chronicled, a San Francisco-based technology company, enables
automation, trust, and automatic settlement for inter-company
transactions in the Life Sciences and Healthcare industry. Through
the industry leading blockchain-powered MediLedger Network,
Chronicled offers trading partners a new way to manage revenue,
automate manual processes, and eliminate revenue leakage, while
ensuring pricing accuracy and efficiency for health care providers
and dispensers. To learn more, visitwww.chronicled.com.
Digital press kit: http://www.ots.at/pressemappe/DE160773/aom
Der Podcast für junge Anleger jeden Alters
Wiener Börse Plausch S2/31: Bernd Spalt klärt auf, Valneva-Wow, wikifolio duftet und Urlaub mit der Wiener Börse
Aktien auf dem Radar:Strabag, Rosenbauer, EVN, Warimpex, FACC, Immofinanz, voestalpine, CA Immo, Bawag, Erste Group, Semperit, BTV AG, Josef Manner & Comp. AG, Polytec Group, SBO, UBM, Wiener Privatbank, Oberbank AG Stamm, Zumtobel, Verbund, S Immo.
Als Österreichisches, börsennotiertes Unternehmen mit den drei Geschäftsbereichen Airline Catering, internationales Event Catering und Restaurants, Lounges & Hotel bieten wir Gourmet Entertainment auf der ganzen Welt. Wir betreiben 32 Locations in 12 Ländern auf 3 Kontinenten, um die höchsten Standards im Produkt- sowie Service-Bereich umsetzen zu können.
>> Besuchen Sie 61 weitere Partner auf boerse-social.com/partner
Mehr aktuelle OTS-Meldungen HIER