Eradication of counterfeit medicines from the medical supply chain using blockchain and IoT devices

 

Hong Kong is among the top three transit countries for counterfeit medicines. Fake medicines cause a lot of problems for the government, companies and consumers. Millions of people suffer across the globe due to fake medicines. We aim to make every medicine in the world secure by BitExpress and to make our brand to be synonymous with Trust. Customers across the globe should feel secure when they see Bitexpress QR code on the products they use.

Our mission is to build partnerships with governments and companies to secure supply chains across the globe. We aim to streamline the supply chain and secure it using a combination of blockchain and IoT devices. This will allow us to partner with firms to create a permissioned blockchain consortium. Our IoT devices will track the movement of goods across the supply chain and eliminate tampering.

Our solution is viable, and can mitigate the shortcomings of all existing solutions. We envision a perfect supply chain as one that is reliable, traceable and intelligent.

We aim to be a technology company that provides the necessary hardware and software for medicine manufacturers to secure their products using existing supply chains to help them recoup otherwise lost sales, for governments to help protect the health of their people and improve their reputation, and most importantly, for people to use genuine medicines.

 

 

Team members

Mr Raghav Agarwal* (The University of Hong Kong)
Miss Yashwita Shukla (The University of Hong Kong)
Mr Tanay Agarwal (The Hong Kong University of Science and Technology)

* Person-in-charge
(Info based on the team's application form)

Achievement(s)
  1. CityU HK Tech 300 Seed Fund (2022)
  2. Gold Medal, Fintech Olympiad, HSBC and CityU (2022)