was particularly damaging for the Chinese government from a public-relations
perspective because it represents the third major drug safety crisis to make
headlines in the country in the past decade. It also followed similar problems
related to food safety.
Technology, IoT and Vaccine Traceability
struggling to ensure that data related to public health is kept safe and
transparent, how do you respond? A
blockchain platform can be a way to store data more reliably and securely.
In a blog post published earlier this month,
VeChain announced that it had been “tasked to achieve” a blockchain-based
solution for recording data related to vaccine production in China.
post noted that VeChain will use “highly sensitive IoT devices” to record data
during the vaccine production process and then store that data on VeChainThor,
VeChain’s enterprise blockchain. The solution ensures “the reliability of the
data source” while also eliminating “the potential risks in the whole process
and ensures that vaccine records are immutable and permanent,” per the company.
is developing the solution in partnership with DNV GL, a Norwegian company that
provides certification and business assurance services. DNV GL is also an
equity investor in VeChain.
Solutions to a Government Problem
no sign that the Chinese government has officially endorsed VeChain’s
blockchain platform for helping to prevent future vaccine safety issues, or
that any government agencies are collaborating with VeChain in developing the
platform. The information available from VeChain instead suggests that the
company is developing the solution independently from Chinese agencies, with
the help of DNV GL.
because VeChain enjoys official endorsement by Chinese government agencies as a
provider of blockchain solutions — a status that is not easy to obtain in China
— its vaccine traceability solution could prove particularly important as
officials work to prevent the recurrence of the type of public health and
public relations crisis that unsafe vaccinations triggered this summer.
worth noting, too, that VeChain has a history of collaborating with other
government agencies in China around blockchain initiatives, although the
vaccine traceability solution appears to be the company’s first venture in
China related to public health and the drug industry.
that its vaccine data-tracking solution “is being developed and tested in
Shanghai, and will soon be rolled out across China.” There’s no indication of
what, exactly, “soon” means in this case.
much of the buzz surrounding VeChain’s announcement stems from its timeliness
in helping to address what has become a high-profile scandal in China, the news
is equally significant as another example of an IoT-driven blockchain
IoT sensors to record data to the blockchain, presumably in a highly automated
fashion, VeChain’s vaccine traceability solution could serve as a proof of concept
for the ways in which smart devices can be combined with a blockchain to build
seamless and highly reliable data-recording solutions.
it would be a mistake to read too much into what VeChain’s announcement means
for the Chinese government and blockchain technology, this news comes as an
important sign of what the future holds for integrations between enterprise
blockchains and the IoT.