Topic: Blockchain to Combat Fake Medicines in India? - page 2. (Read 372 times)
In fact, everything depends on the policy of a particular state. If the state receives any large income from counterfeiting, it is unlikely to successfully solve the problem.
Its a commendable attempt, another positive use of blockchain tech and its eventual adoption.
After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.
To make things clear here, there is no ban for virtual currencies, dealing with the banking system is not possible in the future, but there is no ban in trading in the market. India being a populous country it is true that they produce more fake products into the market and they are competing with China in that aspect 
, fake medicine is one of the major issues the country is facing as it directly affects lives and this is a major development to counter fake medicine and blockchain made it possible.If i am not wrong Indian Government RBI has given clear statement that Bank will close all the accounts who are dealing in crypto currency and even they have issued notice to all crypto exchanges giving three months of time to close down all business. So i think this is clear indication that government is not allowing to do any trading or deal in crypto currency. It is clearly stated that who ever is crypto currency will be on his own risk and any loss is on their own. So i think even if they come with any new projects that cannot work in India.
The Indian Government is screwing with blockchain and cryptocurrencies. This country is not letting people trade cryptos, you think they'll come up with some viable solution
The people have the power to decide the future of what the government must do, it is called democracy and if you think the present government is not doing their job make sure you will make your voice heard in the next election, even i do not see any good development from this government rather than focusing their energy on religious polarization which will not do any good to anyone rather than create issues within, if they come up with a solution to counter fake medicines, it is a good move as these counterfeiters are not giving any value to anyone's life. After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.
The fight against counterfeit medicines is just one option for using blockchain technology in real life. In fact, there are so many variants of using this evolutionary technology that it is hard to imagine, but very soon we will hear more often about the implementation of blockchain in other sectors of the economy. After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.
To make things clear here, there is no ban for virtual currencies, dealing with the banking system is not possible in the future, but there is no ban in trading in the market. India being a populous country it is true that they produce more fake products into the market and they are competing with China in that aspect , fake medicine is one of the major issues the country is facing as it directly affects lives and this is a major development to counter fake medicine and blockchain made it possible.If only people knew the facts. I agree with you completely. This could change the healthcare industry in India for the better.
After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.
To make things clear here, there is no ban for virtual currencies, dealing with the banking system is not possible in the future, but there is no ban in trading in the market. India being a populous country it is true that they produce more fake products into the market and they are competing with China in that aspect , fake medicine is one of the major issues the country is facing as it directly affects lives and this is a major development to counter fake medicine and blockchain made it possible.
I am not sure how a block chain will combat fake medicine problems, for them to really combat these issues the government have to intervene and make the health department work to counter these issues and hope this is not just an advertisement strategy by medicine companies. I want to see how things will go with their development to combat these major issues.
I agree that blockchain could help in combatting fake medicines, but the question remains - will the government actually start doing it?
It surely is possible in any sphere. Devery is a project that wants to combat fake goods, for instance. As for people who said that India banned cryptos, they are wrong. India's national bank said they don't recognize them, but the bank has to right to make such things as banning cryptos. This has to be done by the officials. That's why perhaps they are trying to show that they disagree with the national bank and actually want to show how useful blockchain technology can be. It can indeed solve many problems related to fake products and pretty much anything else where authenticity is of great importance.
Maybe they want to use Blockchain technology as a tracking system but I don't see any need or requirement to develop this into a cryptocurrency for trade or investment. Has anybody actually stopped to consider that blockchain could work quite succesfully without being an investment?
Their government should have no right do use the blockchain technology after they discredit the cryptocurrencies like how they bann it. Now that they are planing to use the technology behind crypto are they also going to accept the first products behind it because that seems to be a fair deal to me. The banning cause people to panic and sell what little hope they have.
Cryptocurrency is just one application that is running over the blockchain. We should not see blockchain and cryptocurrency as interchangeable things, they both are different things.
It's very nice to see such use case of blockchain popping up in India. With blockchain, its possible to trace the origin of the product (medicine) and the intermediaries before the medicine reaches the consumer (patient). India is a big market with a population of over One billion and this will definitely help in countering the business of fake medicine.
After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.
Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/
Read the full article here - https://coinfrenzy.io/blockchain-combat-fake-drugs-india/
Blockchain can help developing countries a lot if used properly, and Idia too can take benefit from blockchain technologies. Currently, most of the countries are not adopting the blockchain technology as it is new to them but with the passage of time countries will start legalizing it.
After decide to ban and now start ow cryptocurrency and its sound good news but ridiculous decision. Its good they will develope again cryptocurrency and it can lead the market up.
But i am confusing why they dont think twice before decide to ban which make market down but now decide to involve again in blockchain.
It is nice initiative, over the time all governments around the world will implement blockchain technology in all the departments to ensure transparency and efficiency, regarding the fake medicines, there is also a dedicated project called Ambrosus that makes food and drugs trackable and real medicines can be ensured from fake ones in this way.
The Indian Government is screwing with blockchain and cryptocurrencies. This country is not letting people trade cryptos, you think they'll come up with some viable solution
India had stopped exchanges and financial institutions from dealing with crypto not because they think it is not viable but because they lack trust in crypto and I must say I agree with them because it is highly volatile, unregulated and filled with scams. It is not the fault of crypto but the fault of people doing the scams. I don't know why India is failing to understand this but I think soon they will recognize the true potential of Blockchain.I guess this is why they want to use the blockchain technology to combat the fake medicines in India.
I also think that blockchain technology can improve the invisibility of traditional medical industry.
The bookkeeping method of block chain technology is destined to become more transparent.
The bookkeeping method of block chain technology is destined to become more transparent.
Their government should have no right do use the blockchain technology after they discredit the cryptocurrencies like how they bann it. Now that they are planing to use the technology behind crypto are they also going to accept the first products behind it because that seems to be a fair deal to me. The banning cause people to panic and sell what little hope they have.
I think there was a very good reason to ban crypto trading. They have to monitor each trade and implement tax laws. Blockchain was always there on their minds.
Their government should have no right do use the blockchain technology after they discredit the cryptocurrencies like how they bann it. Now that they are planing to use the technology behind crypto are they also going to accept the first products behind it because that seems to be a fair deal to me. The banning cause people to panic and sell what little hope they have.
the Indian government is very open now with the use of blockchain and tokens. it can be seen from recent times, the experts from India are included in the program development of blockchain, and it is oriented to the people of India. actually the use of blockchain itself is very effective for various aspects of life. hopefully this is good news for the world
After putting a virtual ban on cryptocurrencies, the Indian government is planning to come up with a blockchain solution aimed at combatting India’s counterfeit drugs trade. NITI Aayog aims to combat India's counterfeit drugs trade with the help of the Blockchain technology.
Read the full article here - bat-fake-drugs-india/]https://coinfrenzy.io/[Suspicious link removed]bat-fake-drugs-india/
Read the full article here - bat-fake-drugs-india/]https://coinfrenzy.io/[Suspicious link removed]bat-fake-drugs-india/
If Estonia can do it, then I believe India can, too.
Medicine tracking system is not hard to solve. I know some countries are already using quadcores to track medicine and this is blocking fake medicine ditribution.
India can do this too. Its all in goverments hands and if a politician is earning money from fake medicine they will not solve the problem.
India can do this too. Its all in goverments hands and if a politician is earning money from fake medicine they will not solve the problem.
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