Clinical Supply Blockchain Working Group

www.kitchain.org

The number of active clinical studies has nearly doubled over the last 10 years, and clinical pharmacies are bursting at the seams. Left unchecked, a growing logistical challenge for clinical study sites could leave drug trials in limbo for months or even years. The Clinical Supply Blockchain Working Group (CSBWG) is the largest pharmaceutical blockchain consortium in existence, with combined annual revenue of $250 billion and broad representation across the entire industry – sponsors, CMOs, CROs, academic sites, and one courier. It includes seven members of the Fortune 500 and an academic health network responsible for two million lives. These leaders all envision a collaborative blockchain solution as a paradigm shift to deliver a win for the patients awaiting new medicines. The result is Project KitChain – the world's first iOS blockchain app for pharmaceutical supply chain.

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The number of active clinical studies has nearly doubled over the last 10 years, and clinical pharmacies are bursting at the seams. Left unchecked, a growing logistical challenge for clinical study sites could leave drug trials in limbo for months or even years. The Clinical Supply Blockchain Working Group (CSBWG) is the largest pharmaceutical blockchain consortium in existence, with combined annual revenue of $250 billion and broad representation across the entire industry – sponsors, CMOs, CROs, academic sites, and one courier. It includes seven members of the Fortune 500 and an academic health network responsible for two million lives. These leaders all envision a collaborative blockchain solution as a paradigm shift to deliver a win for the patients awaiting new medicines. The result is Project KitChain – the world's first iOS blockchain app for pharmaceutical supply chain.

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Country

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State

Massachusetts

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City (Headquarters)

Newton

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Employees

11-50

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Founded

2017

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