A scandal around the fraudulent actions of a vaccine manufacturer in China has sparking a heated debate over the last week – and now the Chinese cryptocurrency community is suggesting blockchain as a potential solution. The uproar followed a report from China’s State Drug Administration, which, based on a tip-off, launched an investigation of the company – Changsheng Biotechnology – and found that it had falsified aspects of its rabies vaccine production data.
The vaccine in question has been reportedly recalled and the firm has been ordered to halt production. Alongside the public outcry, China’s blockchain enthusiasts have been using social media platforms such as 8btc to push for blockchain adoption in the pharma industry, so that every step of a vaccine’s production and distribution can be tracked on a tamper-proof ledger.
According an enthusiast in this field, the entire vaccine supply chain should be open to all and a distributed ledger should be employed to help record every detail of the process – from who produces the vaccine, who is in charge of quality assurance, which hospitals did a vaccine go to and at what price, who has received shots of the vaccine, and so on. The openness and transparency of a distributed database would help to ensure the public will remain calm when facing such a situation.