Walmart, Merck in blockchain collaboration with FDA

FILE PHOTO: The Walmart logo in New York, U.S., May 1, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) – IBM Corp, Merck & Co, KPMG and Walmart Inc said on Thursday they will be a part of U.S. Food and Drug Administration’s pilot program that will explore using blockchain to identify, track and trace prescription drugs.

The companies said they would create a shared blockchain network to allow real-time monitoring of products in the pharmaceutical supply chain.

Reporting by Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli

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