Introducing Lab Xchange - Secure Laboratory Data Exchange & DLT
The pharmaceutical industry is constantly evolving and growing, with new products and treatments being developed all the time. However, one area that has not seen much advancement is the way in which laboratory data is exchanged within the inbound supply chain. This is where Servblock comes in, with their Lab Xchange system that utilizes distributed ledger technology to ensure a trusted digital data exchange of laboratory data. By utilizing electronic data exchange in the inbound supply chain is assurance of high-quality and consistent raw material supply through easy access to verified data.
Distributed ledger technology, also known as blockchain technology, is a decentralized system that allows for secure and transparent transactions.
In the case of Servblock's new product, it is used to ensure that laboratory data is exchanged in a secure and trusted manner.
Lab Xchange is specifically designed to conform to ASTM International's Standard Guide for Raw Material eData Transfer from Material Suppliers to Pharmaceutical & Biopharmaceutical Manufacturers (E3077-17). This guide outlines the necessary steps for ensuring a secure and trusted digital data transfer, and Servblock's product is built to meet these guidelines.
One of the key features of the product is its ability to provide a secure and tamper-proof record of all data transfers. This is achieved through the use of blockchain technology, which creates a digital ledger of all transactions that is stored across a network of computers. This ledger is immutable, meaning that once data is added to it, it cannot be altered or deleted. This provides a high level of security for the data being exchanged, as it ensures that the data is accurate and has not been tampered with.
Another important feature of the product is its ability to ensure compliance with regulatory requirements. The pharmaceutical industry is heavily regulated, and it is important that all data transfers are compliant with these regulations. Servblock's product is built to meet all relevant regulatory requirements, ensuring that all data transfers are compliant with ASTM International's guide.
The product also allows for real-time tracking of all data transfers. This means that both the material supplier and the pharmaceutical manufacturer can see the progress of the data transfer in real-time. This allows for better communication and coordination between the two parties, which can lead to a more efficient supply chain.
John Ward, CEO of Servblock states "A key aspect of the product is its seamless integration with Laboratory Information Management Systems (LIMS). LIMS is widely used in the pharmaceutical industry to manage laboratory data, and Servblock's new product is designed to integrate seamlessly with these systems. This allows for easy transfer of data between the two systems, eliminating the need for manual data entry and exchange thus reducing the risk of errors"
Servblock's new Lab Xchange platform is a game-changer for the pharmaceutical industry. It utilizes distributed ledger technology to ensure a secure and trusted digital data exchange of laboratory data within the inbound supply chain. It is designed to conform to ASTM International's guide, and provides a tamper-proof record of all data transfers, ensure compliance with regulatory requirements and allows for real-time tracking. With this product, the pharmaceutical industry can now have secure and transparent laboratory data exchange, leading to a more efficient and reliable supply chain.
In summary, Servblock's Lab Xchange platform offers a number of workflow benefits and process optimizations for the pharmaceutical industry, including secure and tamper-proof data transfer, real-time tracking, seamless integration with LIMS, compliance with regulatory requirements, and overall process optimization and cost reduction.
