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New Jersey Chapter Meeting With Speaker Mehul Shah
Wednesday, March 21, 2018, 1:30 PM until 4:30 PM
Morris County Library
30 East Hanover Ave
Whippany, NJ 07981
Technologists are talking about blockchains being the next big thing. This presentation will focus on what blockchain is, how it works and why experts prognosticate it will change our world as much as the internet has. The tremendous interest within the Pharmaceutical industry to embrace blockchain technology is evident from the illustrative excerpts provided below.
- Fortune (9/21/17):…a group of companies announce the MediLedger Project, which is creating blockchain tools to manage pharmaceutical supply chains.The group, which includes drug giants Genentech and Pfizer, has already completed a successful pilot program to track medicines.If the project meets its goals, everyone from drug makers to wholesalers to hospitals will be recording drug deliveries on a blockchain. What this means in practice is that, at each step of the distribution process, a network of computers will vouch for the provenance and authenticity of a drug shipment – making it harder for thieves to unload stolen medications, or for counterfeiters to introduce fake wares.
- Forbes (12/11/2017):…as the world’s seventh largest pharmaceutical company headquartered in New Jersey, Merck must comply with the United States Drug Supply Chain Security Act (DSCSA) that calls for the tacking and authentication of returned drugs.Returned drugs represent a total value between two to three billion dollars each year.“We have a legal obligation over time to interoperate with all of our supply chain trade partners to verify and authenticate Merck product before they can resell that product,” said Paul Cocuzzo, Senior Director, ERP Program Integration and Operation at Merck.“We’re partnering on a blockchain-enabled POC to comply with regulations and help fight counterfeit drugs.”
This session will provide attendees the knowledge about what blockchain technology is and how it works. Come find out what Garner means by “The programmable economy, enabled by “smart” distributed computational resources, evolving from the blockchain and distributed ledgers, represents a massive transformation of global economic systems, industries and businesses. Business and IT leaders and policymakers must begin preparing now.”
About the Speaker:
Mehul Shah – President, Infinity Services Inc. and Blockchain Development Consultant
Founded in 1999, Infinity Services Inc. provides system integration services across business domains with clients that include McGraw Hill, College Board, Sbarro, Mitsui Foods, New York Shipping Association and Medical Center at Princeton amongst others.
Infinity Services is currently engaged in helping clients create POC’s using the Hyperledger (https//www.hyperledger.org) blockchain frameworks with an emphasis on blockchain for business.