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With the growing problem of counterfeit products, especially drugs in pharmaceutical sales, could blockchain technology be used to curb their distribution similar to how in mobile money it has significantly reduced the risk of payment reversals and enhanced data protection?
155 sats \ 0 replies \ @optimism 17h
No, because it doesn't add anything. Blockchain anti-counterfeit measures only work for blockchain native assets where the asset itself is part of validation. This is why there are persistent doubts even about something as simple as Tether.
If you need an audit trail for your medicine but not everyone else's, an auditable central database with the manufacturer (linked to a sealed-in identifier) is probably a more useful solution.
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144 sats \ 1 reply \ @Scoresby 18h
Why not just use a database?
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0 sats \ 0 replies \ @ek 17h
or just digital signatures
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