Tencent eyes to secure China’s drug safety through new partnership

Tencent Joins Hands With Mediway, Jiontown to Make Drug Monitoring Platform – Yicai Global

What happened: Tencent’s cloud unit will team up with medical information service Mediway and drug retailer Jiontown Pharmaceutical to make an online platform that could verify medicines’ supply chains. The three companies will develop an information-sharing platform with which patients can review details of their prescriptions.

Why it’s important: The news comes in just a few days after a fake vaccine scandal hit China. An estimated 250,000 substandard DPT vaccines from one of the country’s largest vaccine maker Changsheng Bio-tech have been administrated to children in Shandong Province. Tech giants are trying to solve problems in China’s healthcare and medical system by applying emerging technologies such as cloud computing, big data, AI and blockchain.