An announcement was made yesterday by the commercial appeal news outlet that FedEx institute of technology goes into partnership with Gpod Shepherd Pharmacy services company, a company known widely for its outstanding support for cancer patients, and health related issues. This new collaboration seeks to develop new blockchain-based infrastructure to help cancer patients get medications.
The FedEx institute of technology is an organization widely known for its tremendous support and promoter of emerging technologies. The organization works together with university of Memphis to carry out research on other fields of study related to new technologies.
The Memphis-based pharmacy discovered how the power of blockchain could be used to improve on the services of health related issues. The pharmacy’s CEO, Phil Baker believed that blockchain could go a long way to provide a secure and immutable ledger for a safer and confidential dissemination of medical information. He went further to say that the blockchain could serve as a means of retrieving unused medications from cancer patients and pass them on to less privileged patients that would not be able to afford them.
In his speech, Phil Baker stated thus:
“In Tennessee alone, over $10 million worth of perfectly good prescription medication gets flushed down the toilet every year. Blockchain is the solution for that problem. The REMEDI project (REclaiming MEDicine) will divert valuable medication into the hands of patients who would not otherwise use it.”
An event will be hosted by the institute so as to attract blockchain experts and enthusiasts who will participate and contribute their quota towards the development of this project.