The pharmaceutical industry has a paper problem. Each individual drug box must contain a paper insert with dosage instructions and technical information, which can be several feet long. Some patients read it through, others put it in a drawer, while others just throw it in the trash. These pesky printouts can create massive headaches for the entire drug supply chain if out of date or incorrect and lead to a recall.

Novartis, one of the world’s largest pharmaceutical companies, thought there might be a solution: blockchain, the technology first popularized by Bitcoin that allows groups to move values ​​without the need for intermediaries. Because blockchain requires networks that move value, the Basel, Switzerland-based company was not ready to do it alone.

“Blockchain is a team sport,” says Daniel Fritz, a supply chain technology …


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