Leveraging NFT Development for Authenticating Pharmaceutical Products

submitted 1 year ago by nftdevelopmentservices to cryptocurrency

NFT development is proving its potential in the healthcare industry lately. Pharmaceutical companies can use the idea of Phygitals NFTs to signify and verify the authenticity of their products. Additionally, this will reveal the magnitude of each medical product's production. Each Phygital NFT representing a medical product will be a physical product; The NFT will burn automatically to indicate that the product has been sold and is no longer in circulation. Additionally, this will assist in reducing the distribution of expired products; It is possible to match a product's burning date with its expiration date. Therefore, when the expiration dates of unsold products approach, their NFTs will be destroyed.