Industrywide PharmaPortal™ Platform Using IBM Blockchain Technology To Help Deliver Improved Transparency and Traceability Across the Temperature Controlled Pharmaceutical Supply Chain

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Sonoco ThermoSafe, a unit of Sonoco (NYSE: SON), the largest global provider of temperature assurance packaging for pharmaceutical distribution, is building PharmaPortal™, a vendor-neutral blockchain platform for use by pharmaceutical manufacturers and carriers.

Built on IBM Blockchain Transparent Supply, PharmaPortal intends to address the industry’s needs to trace assets across many different supply chain participants, record a single version of the truth on all events generated on a package’s journey, integrate this data with that of other businesses across an industry-scale network, and provide access controls to help ensure each data owner maintains control over who can access it on the network.

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