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Interview with Ramana Pinnam, Director of Product Management, about blockchain technology in the pharmaceutical industry. Perhaps you have heard tale of the up and coming technology called blockchain. Maybe you are an expert on blockchain technology and how it fits into the world of pharmaceuticals. Or perhaps you are like most of the world and you are unsure about what to make of blockchain and frankly you are afraid to ask anyone to explain. If that describes you, never fear!
We recently had a fantastic opportunity sit down with Ramana Pinnam, Sr. Hopefully this conversation sheds as much light on blockchain technology as it has for us.
Blockchain technology almost says it all in its name. This is a very basic understanding of this technology. The idea behind blockchain technology is to create a secure online based and shared ledger of sorts.
Like a banker would keep a ledger of all the transactions by hand, blockchain takes a certain category of transaction and locks in the data so it cannot be lost or misplaced. Blockchain in regards to supply chain has been used primarily in crypto currency transaction such as Bitcoin, but now we are seeing larger companies like Walmart using blockchain to keep detailed records of some of its food products.