In March 2022, the Blockchain in Telecom: Global Markets report published by Research and Markets, valued the global market for blockchain in telecom at $143.6 Million in 2021 and projected it to grow to $1.03 billion by 2026. That’s a massive compound annual growth rate of 48.5%. But other reports are even more upbeat.

With an ever-increasing counterfeit medicine market and growing financial fraud, as well as cases of medication simply being labelled incorrectly or untraceable, the pharmaceutical supply chain has become an issue for everyone from the boardroom to the home. According to Deloitte, in the US alone, more than $200bn is lost each year because of counterfeit drugs infiltrating insecure supply chains.