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Partisia partners with OriginAll to tackle counterfeit medicine fraud in Africa

                                                            <strong>[PR – Zug, Switzerland, 21st December 2021]</strong>

Partisia Blockchain partners with OriginAll, a Swiss-born technology company, to address the massive humanitarian problem of counterfeit medicines and unaccountable accounts for remittances and charitable donations.

The problem of counterfeit medicines pervades African countries, where according to WHO estimates up to 70% of medicines are counterfeit. These illegal products kill millions of people each year while funding criminal organizations and promoting corruption. Counterfeiting is valued at over $ 4 trillion a year for the global economy.

Solving the problem is not an easy task. Governments, international institutions and civil society organizations are often unable to reach the end user and often rely on many middlemen. This exposes economies and citizens to many risks and continues to discourage international NGOs from donating more money to improving health care across Africa.

This is where OriginAll, together with Partisia Blockchain, sees an opportunity to make a difference. The result of the partnership is a unique system called OriginAll Healthies that uses tokenization to reinvent the distribution of referrals and charitable donations. Thanks to Healthies – special tokens that can only be used to buy real medication – donors can ensure that all of their money is used by the intended recipients.

All Healthies transactions carried out on the Partisia Blockchain ensure that the owner purchases the intended product (medicine or healthcare service) from an authorized seller and within a pre-defined time frame. Every transaction is linked to the unique identifier (UID) of the legitimate product. Transactions that do not meet these criteria will fail. At the same time, the data protection solution from Partisia Blockchain enables private data to remain confidential.

The use of Partisia Blockchain’s technology ensures that this system can be used by anyone, even those without a bank account, in accordance with UHC 2030, by strengthening and improving quality health services for all and ensuring that people do not get through Health costs are pushed into poverty. Designed for both large organizations and the average person sending referrals to loved ones, Healthies provides complete security for both senders and recipients of Healthies. This technology will continue to support the Secretariat of the African Continental Free Trade Agreement (AfCFTA), with which OriginAll has signed an exclusive agreement to create a safe trading zone for African countries as part of its mandate. Through OriginAll’s partnership with 54 African nations, Healthies can potentially be introduced to over 1.3 billion people.

“OriginAll is an ideal example of what we want to achieve as a project and with our focus on the United Nations Sustainable Development Goals (SDG),” said Kurt Nielsen, President of Partisia Blockchain. “Partisia Blockchain enables the combined use of a public, transparent blockchain and the data protection-preserving use of confidential data that are required for the next-generation decentralized health solutions. With OriginAll, we use this technology to protect the individual patient and to enable competing companies to collaborate with sensitive company data – both of which are needed to combat counterfeit medicines. Overall, OriginAll enables us to prove the power of Web 3.0 to save lives. “

“We are very proud to have the opportunity to join forces with Partisia Blockchain by leveraging our anti-counterfeiting and illegal trade expertise with the unique Web 3.0Blockchain from Partisia Blockchain, which is based on decades of research and commercial multi-party computation software development, ”said Hans Schwab, CEO of OriginAll. “Together, we will ensure that those most in need have better and fairer access to safe, verifiable medicines and health products while providing donors with unprecedented levels of transparency and verifiability.”

About games

Partisia Blockchain is a public Web 3.0 blockchain designed for trust, transparency, privacy, and the speed of light termination. A state-of-the-art solution to the confidentiality and privacy challenges of decentralization, Partisia Blockchain represents the first successful full integration of blockchain technology with another commercial type of distributed cryptography known as Secure Multi-Party Computation (MPC). This combination of Distributed Ledger Technology (DLT) with data protection-optimizing software enables companies to experience the advantages of decentralized technologies while at the same time ensuring that data remains private and secure.

About OriginAll

OriginAll, SA, a duly registered company in Switzerland, was co-founded by experts in the field of product safety and traceability. OriginAll develops aggregation platforms that allow users to verify the authenticity of a product regardless of the solution used by a brand. OriginAll does not compete with, or favor, any particular traceability solution, nor does it intend to interfere with any solutions and programs that are already implemented or imposed. Rather, it creates interoperability to provide governments and consumers with a single, transparent, self-funded source for product verification, product information, and data correlation.

Source: Crypto News Deutsch

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