Tjoapack a global packaging organization (CPO) will work with Veratrak, a UK-based technology company, on projects that use blockchain properties for transparent data collaboration across pharmaceutical supply chains. According to the company the partnership will initiate projects using blockchain properties more secure.
According to Dexter Tjoa, director of corporate strategy at Tjoapack, “We’re addressing the need for closer collaboration within the pharmaceutical industry by enabling easier and more transparent sharing of data in the form of master data, artwork, and batch records.”
The company will address this need for closer collaboration through multiple projects. The first project will use Vertrack’s document collaboration tool that uses blockchain properties to secure dating sharing.
“The tool will greatly reduce the lead time for new stock keeping unit (SKUs) and implementation time for product changes (such as artwork changes). This will enable us to become more flexible and reduce time to market for our customers”, explained Tjoa.
Veratrak’s tool has been built according to GAMP5 guidelines and is compliant with FDA part 11 regulations, according to the company.
According to a press release from Tjoapack, Veratrak’s tool will be the first global application of blockchain in a “Good practice (GxP) environment working with multiple organizations in the supply chain.”
Toja also told us that “Blockchain [technology] has other benefits for the industry than the above use case and we’ll be exploring this in the coming months and years together with Veratrak.”