Booz Allen Shows the Possibilities of Blockchain to Solve Opioid Epidemic

Dec 19, 2018 12:00 PM ET

In the business world, blockchain is certainly the latest business craze. In fact, a recent study by PwC found 84 percent of surveyed executives said they have at least some involvement with blockchain technology. And although most sustainability practitioners see the possibilities of blockchain specifically around supply chain and transparency, the opportunity goes far beyond this. Now, one company is harnessing blockchain to solve a growing social issue.

This October, Booz Allen partnered with blockchain technology company ConsenSys to host a hackathon to find solutions around the rising opioid epidemic. The event, called HACKtheEPIDEMIC, brought together 75 individuals to help people who struggle with Opioid Use Disorder. Booz Allen and ConsenSys focused the hackathon around three key areas where blockchain could provide solutions: “addressing the postal supply chain of illicit drugs,” “coordinating data sharing between pharmacies, healthcare providers and other stakeholders” and “helping individuals on the road to recovery.” Three top solutions were identified out of the event, including “Pharma-sign,” which uses blockchain technology to reduce prescription forgery.

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