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Q: Why is rfid technology being usedheavily in the pharmaceutical industry?
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Why is RFID technology being used heavily in the pharmaceutical industry?

RFID technology can boost a company's competitive advantage by streamlining the supply chain. The technology can facilitate data collection in chemical trials. It can also reduce the threat of counterfeits in the supply chain, making the supply chain more secure.


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Why RF ID technology being used heavily in the pharmaceutical industry?

I'm not positive, but I think it most likely has to do with the fact that you can scan something and find out what it is right away, so then you can identify perscription drugs while they're on the shelf. You might want to check that though if you're going to put that in homework or something.


What are some of the issues regarding President Obama's health care overhaul?

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How changes in technology affect the banking industry?

Most of the bank industry is tied in with the stock market. The stock market is tied in with technology. When the first iPod came out, stocks on Apple were rising, which altered the banking industry. I always think of the banks being a base for the stock market, since that's where the money is held.


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Blockchain help in Pharmaceutical Industry?

Blockchain in Pharmaceutical Industry Blockchain is an open, decentralized, secure public ledger that uses 'blocks' to keep every single record, event, or transaction in a verifiable order. Each 'block' contains a timestamp and is linked to a previous block, and it is added to the existing blockchain once the majority of users confirm its authenticity. Blockchain's Contribution to the Pharmaceutical Industry As the industry becomes more complicated, the need for greater traceability and end-to-end visibility grows, as does the need for authorization requirements like the FDA's Drug Supply Chain Security Act (DSCSA). Personal data is gathered and utilized as a part of clinical trials and pharmaceutical companies must disclose how it is managed and who has access to it, according to the General Data Protection Regulations (GDPR). In the pharmaceutical industry, blockchain is being employed in a variety of ways, including packaging and supply chain operations. Pharmaceutical businesses, for example, participated in a DSCSA pilot study to assess product track, trace, and verification technology in the pharmaceutical supply chain to assist meet the FDA's Drug Supply Chain Security Act (DSCSA) standards Program several DSCSA pilot programs, including MediLedger, the DSCSA blockchain interoperability pilot, Trace link, and UCLA-LedgerDomain, assessed the usage of blockchain technology. The Wizbytes Global Conference on Blockchain help in Pharmaceutical Industry will bring together top academic scientists, academics, and research scholars to present their expertise and research findings on all aspects of Blockchain for Healthcare Computing. It also serves as a premier interdisciplinary venue for researchers, practitioners, and educators to present and discuss the latest blockchain for healthcare computing breakthroughs, trends, and concerns, as well as practical difficulties and solutions.