Tech Mahindra Joins StaTwig in Global Vaccine-Tracing Blockchain

The firms say the blockchain can improve transparency and prevent failures in global vaccine supply chains.

AccessTimeIconJul 5, 2021 at 11:18 a.m. UTC
Updated Sep 14, 2021 at 1:20 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Indian IT giant Tech Mahindra is working with blockchain startup StaTwig on a blockchain-based product for tracing global vaccine supply chains. 

  • The IT firm said Monday the VaccineLedger blockchain is designed to improve transparency and prevent failures in vaccine supply, including the distribution of expired vaccines, stock depletion and counterfeiting.  
  • Tech Mahindra, a subsidiary of Indian conglomerate Mahindra Group, has joined with StaTwig, a startup based in Hyderabad and Singapore. The company created the system to trace vaccines from manufacturers to consumers. 
  • In the statement, the companies did not say when the product was likely to become available.
  • The two will work to create a global network of vaccine researchers, governments, pharmaceutical companies, distributors and health-care workers, according to the announcement.  
  • This is not the first time Tech Mahindra has shown interest in blockchain solutions. Last year, it began working with local edutech firm Idealabs to develop blockchain talent in India, and later announced it will offer blockchain solutions to global customers using Amazon Web Services (AWS).

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.