IT major Tech Mahindra on Monday said it has partnered with StaTwig, to implement vaccine traceability platform “VaccineLedger” globally.
The deal will help to predict and prevent failures in supply chains, including problems related to expired vaccines, stock out and counterfeiting.
What is VaccineLedger?
VaccineLedger is an open source platform and designed to perform end-to-end traceability at vial level for vaccines in the global supply chain.
It prevents the need of replacing the existing system, therefore, removing the barriers of adoption.
How it works?
The open-source solution will provide deep traceability from producer to patient and will be designed to allow the detection of counterfeit drugs as well as predict and prevent shortages in supply lines as well as problems related to expired vaccines.
Vaccine manufacturers can use such data beyond track and trace to inventory management, vendor payments, IoT integration and smart contract.
About Deal
StaTwig will leverage Tech Mahindra’s go-to-market expertise, including access to sales and customer network, domain experience, balance sheet support, resource scale and system integration knowledge.
Comment from StaTwig
Sid Chakravarthy, Founder– “With the help of VaccineLedger, vaccine manufacturers and governments can work together to prevent counterfeiting, cold-chain failures and stock outs.”
Comment from Tech Mahindra
Rajesh Dhuddu, “Our strategic partnership with StaTwig will enable supply chain participants with a single application to enhance traceability, and chain of custody.”
“Wastage of life-saving drugs such as vaccines should be addressed on priority and we need to come together in order to effectively find a solution here.”
“This will not only ensure safety and validity of vaccine supply but also helps in adherence to complex regulatory requirements.”
About Company
StaTwig is a UNICEF Innovation Fund Portfolio startup and the World Economic Forum Global Innovator focused on solving supply chain failures in multiple critical industries such as vaccines and food with easy to use apps that leverage its highly scalable and secure blockchain based supply chain management platform.
Tech Mahindra is an Indian multinational company that provides information technology and business process outsourcing services. A subsidiary of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai.
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