Blockchain to Combat Fake Medicines in India?

[orangetax]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/

[darkcrypto96]

I agree that blockchain could help in combatting fake medicines, but the question remains - will the government actually start doing it?

[cryptonerd42]

I agree that blockchain could help in combatting fake medicines, but the question remains - will the government actually start doing it?

The Indian Government is screwing with blockchain and cryptocurrencies. This country is not letting people trade cryptos, you think they'll come up with some viable solution

[linkybit]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/

Blockchain can help developing countries a lot if used properly, and Idia too can take benefit from blockchain technologies. Currently, most of the countries are not adopting the blockchain technology as it is new to them but with the passage of time countries will start legalizing it.

[peachaston4]

I agree that blockchain could help in combatting fake medicines, but the question remains - will the government actually start doing it?

The Indian Government is screwing with blockchain and cryptocurrencies. This country is not letting people trade cryptos, you think they'll come up with some viable solution

There is a big difference between banning cryptos and using the power of blockchain. I think India can pull it off.

[mobilezz]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/

I think this will not work, we will find other ways of circumvention. Let somebody unsubscribe as they were influenced by their ban on the circulation of crypto currency in the country and how they are struggling with it.

[cryptonerd42]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - bat-fake-drugs-india/]https://coinfrenzy.io/[Suspicious link removed]bat-fake-drugs-india/

I think this will not work, we will find other ways of circumvention. Let somebody unsubscribe as they were influenced by their ban on the circulation of crypto currency in the country and how they are struggling with it.

I completely agree with you.

[orangeferrari3]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/

This should improve India's falling standards. If they get this right, it can increase India's efficiency in healthcare and other things also.

[favelle75]

Medicine tracking system is not hard to solve. I know some countries are already using quadcores to track medicine and this is blocking fake medicine ditribution.
India can do this too. Its all in goverments hands and if a politician is earning money from fake medicine they will not solve the problem.

[pinecone24]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - bat-fake-drugs-india/]https://coinfrenzy.io/[Suspicious link removed]bat-fake-drugs-india/

If Estonia can do it, then I believe India can, too.

[Yudhis23]

the Indian government is very open now with the use of blockchain and tokens. it can be seen from recent times, the experts from India are included in the program development of blockchain, and it is oriented to the people of India. actually the use of blockchain itself is very effective for various aspects of life. hopefully this is good news for the world

[bittraffic]

Their government should have no right do use the blockchain technology after they discredit the cryptocurrencies like how they bann it. Now that they are planing to use the technology behind crypto are they also going to accept the first products behind it because that seems to be a fair deal to me. The banning cause people to panic and sell what little hope they have.

[orangetax]

Their government should have no right do use the blockchain technology after they discredit the cryptocurrencies like how they bann it. Now that they are planing to use the technology behind crypto are they also going to accept the first products behind it because that seems to be a fair deal to me. The banning cause people to panic and sell what little hope they have.

I think there was a very good reason to ban crypto trading. They have to monitor each trade and implement tax laws. Blockchain was always there on their minds.

[Angelia46]

I also think that blockchain technology can improve the invisibility of traditional medical industry.
The bookkeeping method of block chain technology is destined to become more transparent.

[pawanjain]

The Indian Government is screwing with blockchain and cryptocurrencies. This country is not letting people trade cryptos, you think they'll come up with some viable solution

India had stopped exchanges and financial institutions from dealing with crypto not because they think it is not viable but because they lack trust in crypto and I must say I agree with them because it is highly volatile, unregulated and filled with scams. It is not the fault of crypto but the fault of people doing the scams. I don't know why India is failing to understand this but I think soon they will recognize the true potential of Blockchain.
I guess this is why they want to use the blockchain technology to combat the fake medicines in India.

[qazgroup]

It is nice initiative, over the time all governments around the world will implement blockchain technology in all the departments to ensure transparency and efficiency, regarding the fake medicines, there is also a dedicated project called Ambrosus that makes food and drugs trackable and real medicines can be ensured from fake ones in this way.

[Awan Awan]

After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.

Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/

Blockchain can help developing countries a lot if used properly, and Idia too can take benefit from blockchain technologies. Currently, most of the countries are not adopting the blockchain technology as it is new to them but with the passage of time countries will start legalizing it.

After decide to ban and now start ow cryptocurrency and its sound good news but ridiculous decision. Its good they will develope again cryptocurrency  and it can lead the market up.

But i am confusing why they dont think twice before decide to ban which make market down but now decide to involve again in blockchain.

[daxiake]

Their government should have no right do use the blockchain technology after they discredit the cryptocurrencies like how they bann it. Now that they are planing to use the technology behind crypto are they also going to accept the first products behind it because that seems to be a fair deal to me. The banning cause people to panic and sell what little hope they have.

Cryptocurrency is just one application that is running over the blockchain. We should not see blockchain and cryptocurrency as interchangeable things, they both are different things.
It's very nice to see such use case of blockchain popping up in India. With blockchain, its possible to trace the origin of the product (medicine) and the intermediaries before the medicine reaches the consumer (patient). India is a big market with a population of over One billion and this will definitely help in countering the business of fake medicine.

[Kryten12]

Maybe they want to use Blockchain technology as a tracking system but I don't see any need or requirement to develop this into a cryptocurrency for trade or investment. Has anybody actually stopped to consider that blockchain could work quite succesfully without being an investment?

[kryptqnick]

I agree that blockchain could help in combatting fake medicines, but the question remains - will the government actually start doing it?

It surely is possible in any sphere. Devery is a project that wants to combat fake goods, for instance.
As for people who said that India banned cryptos, they are wrong. India's national bank said they don't recognize them, but the bank has to right to make such things as banning cryptos. This has to be done by the officials. That's why perhaps they are trying to show that they disagree with the national bank and actually want to show how useful blockchain technology can be. It can indeed solve many problems related to fake products and pretty much anything else where authenticity is of great importance.