Blockchain Registration Transaction Record

Datavault AI Licenses Smart Contracts to Transform Pharmacy Networks

Datavault AI licenses smart contract IP to Wellgistics Health for PharmacyChain integration, bringing Web 3.0 technology to 6,500+ pharmacies to streamline prescription tracking and reduce costs.

This partnership represents a significant step toward modernizing the U.S. pharmaceutical supply chain, which has long been plagued by inefficiencies, high costs, and lack of transparency. For consumers, this could mean lower prescription drug prices as the technology reduces PBM-driven costs and streamlines distribution. The integration of Web 3.0 smart contracts into pharmacy operations could also enhance medication safety through improved tracking and reduce administrative burdens that often delay prescription fulfillment. As healthcare costs continue to rise, such technological innovations that address systemic inefficiencies in pharmaceutical distribution could have far-reaching benefits for patients, insurers, and healthcare providers alike.