In the previous blog, ’Disruptive Innovation of Blockchain and Evolution of Pharmaceutical Ecosystem in Data Integrity and Transparency’, we explored how blockchain can address present age data integrity and security aspects in the pharmaceutical ecosystem with efficient and effective collaboration.

Let us now explore some blockchain uses that can be applied for drug discovery and development.

Patents and Intellectual Property (IP)

The IP is arguably the most significant aspect of any new drug, as the core, and most critical part of a patent is its Composition of Matter. In the patent office, proving a patent requires four aspects: