T nod for StaTwig’s blockchain solution | Hyderabad News

Hyderabad: To ensure safe delivery of Covid-19 vaccines, the Telangana government has recommended to the Union health ministry that it can explore the usage of Blockchain solution — Vaccine Ledger — by Hyderabad-founded startup, StaTwig, Telangana industries principal secretary Jayesh Ranjan said on Wednesday.
He said the usage of Blockchain would help the government prevent counterfeiting or smuggling of vaccines. “They are yet to decide on it but they have appreciated the technology…,” Ranjan said during a virtual session on ‘Combating Counterfeiting and Smuggling during the Covid-19 pandemic and beyond’ conducted by Federation of Indian Chambers of Commerce & Industry (FICCI) on Wednesday.
He said that the state government has been exploring the usage of Blockchain technology to stop counterfeiting of high value pharmaceuticals like cancer drugs.
Besides, it is also working on using this technology to issue educational certificates or degrees with a Blockchain stamp to curb menace of fake degrees. Ranjan said the government is trying to stop counterfeits in handloom sector by working on AI-based pattern recognition technology to identify real products.