UK-based blockchain firm Stratis announced last week it has formed a partnership with online pharmacy, UK Meds, to help implement blockchain technology across its UK operations. Founded in 2017, Stratis claims it offers end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .Net framework. Its Stratis proprietary blockchain combines the latest advances in security and stability of Bitcoin with the latest breakthroughs in network speed, scalability, privacy, and customization.
UK Meds currently handles between 3,000 and 4,000 patient prescriptions digitally each day. Through its collaboration with Stratis, UK Meds will deploy Stratis’ blockchain technology to improve patient safety across the online pharmacy sector as a whole, reducing instances of patients ordering multiple prescriptions. Stratis noted that by ensuring each patient’s request for a prescription is logged on a shared and immutable distributed ledger across a group of UK online pharmacies, the program ensures patients can only access prescribed quantities of medication.
Speaking about the partnership, Joe Soiza, CEO at UK Meds, stated:
“The Stratis Platform provides a highly secure blockchain solution that can be shared across the industry to provide a trusted and verifiable record of patient requests for medicine. We are initiating this programme, and we have over 10 online pharmacies onboard already. It’s our ambition for this to become the de facto standard across the entire UK industry.”
Chris Trew, CEO, Stratis Platform added:
“This is a great example of blockchain being deployed where its unique qualities will make a real difference. Using traditional IT solutions to solve this issue would require significant expense and would undoubtedly be administered by a third-party organization. With blockchain, the industry can cooperate on the critical issue of patient safety using a shared version of the truth.”