IBM and Sichuan Hejia have launched a blockchain - based supply platform for financial services , the Yijuan Blockchain Technology Application System . Overall, the platform is designed to help to reduce the turnover time of funds on both sides of the supply chain and allow banks to be more informed and grant access to funding for small and medium pharmaceutical retailers. Using Smart Fabric technology , the platform will be available to pharmaceutical retailers , banks and hospitals . The supply chain for drugs and any medical records can be tracked using the electronic ledger , lowering risk and reducing payment delays .
IBM and Sichuan Hejia have launched a blockchain - based supply platform for financial services , the Yijuan Blockchain Technology Application System . Using Smart Fabric technology , the platform will be available to pharmaceutical retailers , banks and hospitals . The supply chain for drugs and any medical records can be tracked using the electronic ledger , lowering risk and reducing payment delays .