Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing

Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing

As mass vaccination programs against COVID-19 become increasingly critical to many governments' strategies for pandemic management, blockchain firms are acting fast to propose ways in which the technology could offer solutions to some of the logistical hurdles involved.

Blockchain company StaTwig — a graduate of the UNICEF Innovation Fund — was already trialing its blockchain-based solution VaccineLedger in 2019, in both India and the United States. Fast forward to 2021 and the global vaccination drive against COVI-19, the company has now partnered with Indian IT giant Tech Mahindra to roll out the solution worldwide.

Our top trading bots

VaccineLedger is focused on improving the transparency of vaccine supply chains at the vial level, aiming to predict and prevent issues such as stock expiry, counterfeiting, quality control and availability. Just days after an attempted vaccine swap deal between Israel and the United Kingdom failed to come together — resulting in the imminent waste of 1 million Pfizer doses — the need for such a solution is more conspicuous than ever.

StaTwig's solution supports the integration of smart contracts and IoT technologies in order to detect products due to expire and ensure temperature control for sensitive units. By partnering with Tech Mahindra, StaTwig will draw on the company's expertise in resource scale and system integration in order to support the solution's implementation worldwide.

In addition, both companies have co-developed enterprise several security modules for the solution's mobile and web application, designed to meet the various requirements of manufacturers and governments in different jurisdictions.

The challenges faced by various countries remain uneven: in the United States, millions of COVID-19 vaccine doses are currently at risk of expiring this summer due to vaccine hesitancy in many states. Most countries in the Global South face an even more critical problem — a lack of vaccines altogether. Whereas countries in the Global North account for 85% of shots administered worldwide, the lowest-income countries currently account for just 0.3% of vaccine doses administered to date.

Related: Tech Mahindra to build multiple blockchain solutions on Amazon’s blockchain

While a globally integrated, efficient ledger solution cannot overcome vaccine inequality, whose roots are political, it can aim to help global actors mitigate the worst effects of waste, red tape and delivery delays due to logistical inefficiencies. In areas where vaccines remain scarce, these efficiency gains could help to ensure that what little is available is swiftly and maximally used. Tech Mahindra's Rajesh Dhuddu has clarified the product's scope and goals, stating:

“Wastage of life saving drugs such as vaccines should be addressed on priority and we need to come together in order to effectively find a solution here. Our strategic partnership with StaTwig will provide supply chain participants with a single application to enhance traceability, and chain of custody. This will not only ensure safety and validity of vaccine supply but also help in adherence to complex regulatory requirements, set up by Drug Administration Authority in any country.”

As previously reported, the U.K.'s National Health Service has already used, at a limited scale, a system based on Hadera Hashgraph to monitor vaccine cold storage. Meanwhile, blockchain technologies are being used to manage vaccination records and digital health passports. 

Keep reading on Cointelegraph
BNY Mellon plans to launch digital asset custody platform later this year
BNY Mellon, a major investment bank, is developing a digital asset custody platform that will allow institutional customers to gain crypto exposure.According...
Altcoin Roundup: 3 portfolio trackers NFT and DeFi investors can use to stay organized
The cryptocurrency ecosystem has seen a tremendous amount of growth over the past couple of years, as the introduction of decentralized finance (DeFi) and...
UN approves NFT standards initiative led by Tencent
Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and...
Nifty News: Olympic Games Beijing 2022 edition
Today's Nifty News rounds up nonfungible token (NFT) projects centered around the Winter Olympics, which began Friday in Beijing, China. The following are...
MicroStrategy lost $146M to Bitcoin impairment charges in Q4 2021
MicroStrategy, the fortune 500 company with a 125,051 Bitcoin (BTC)-strong treasury, announced its Q4 2021 financial results on Tuesday.The institutional...
Bitcoin batters longs as liquidations copy May 2021 run to $30,000
Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much.In a tweet on Jan. 10, on-chain analytics firm...
Bitcoin bull market ‘2nd leg has started,’ says BTC price model creator
Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year.PlanB, creator of the popular...
JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it
In an online interview with Times of India, Jamie Dimon, CEO of investment banking behemoth JPMorgan Chase, slandered Bitcoin’s popular appeal, despite...
Aussie state government blockchain platform may prevent a tower block inferno
Big Four accounting firm KPMG has partnered with Australian property developers Mirvac to develop a blockchain-based platform to track the provenance of...
Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin
Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country.Deripaska...
Bitcoin jumps after Musk says Tesla could use it again
SINGAPORE (Reuters) - Bitcoin hit a two-week peak just shy of $40,000 on Monday (NASDAQ:MNDY), after another weekend reacting to tweets from Tesla (NASDAQ:TSLA)...
Ibiza without Ibiza: Virtual Amnesia dancefloor launches on Decentraland
The coronavirus pandemic has boosted the virtual entertainment industry and provided an opening for blockchain-based ventures to tie leisure to the expanding...
Canada Reports Blockchain To Be Amongst Its Highest Paying Industries
A report recently published by the Canadian Digital Chamber of Commerce proves that the money involved in the blockchain industry of the nation is at the...
Good Or Evil? Blockchain Yields Tech Benefits But Can Leave People Jobless
There was no other rival in the investment sphere for stocks as cryptos. But for those, who are not very interested in trading, there is an alternative...
Philippines to Expand the Use of Bitcoin
As Bitcoin keeps increasing in price (its rate has nearly doubled to USD 10.3 per coin within last month, according to Coindesk.com), some countries’ regulators...