FAQ: Datavault AI and Wellgistics Health Partnership for Blockchain-Enabled Prescription Drug Tracking
Summary
Datavault AI and Wellgistics Health have signed a non-binding letter of intent to integrate blockchain technology for prescription drug tracking, aiming to digitize the process from prescription to fulfillment to ensure accurate, transparent delivery and support patient safety.
What is the main purpose of the partnership between Datavault AI and Wellgistics Health?
The partnership aims to integrate Datavault AI’s blockchain-enabled PharmacyChain™ smart contract technology into Wellgistics’ infrastructure to digitize prescription tracking from script to fulfillment, ensuring accurate, transparent and efficient delivery while supporting patient safety and optimized outcomes.
What specific technology is being integrated in this partnership?
Datavault AI’s PharmacyChain™ smart contract technology, which is blockchain-enabled, will be integrated into Wellgistics’ proprietary infrastructure to enable digital prescription tracking.
What are the expected benefits of this blockchain integration for prescription tracking?
The integration is expected to provide accurate, transparent and efficient prescription delivery while supporting patient safety and optimized outcomes through digitized tracking from prescription to fulfillment.
What is the current status of this partnership agreement?
The companies have signed a non-binding letter of intent, with definitive terms to be determined following further negotiation.
How will the companies potentially generate revenue from this partnership?
The companies are exploring a revenue-sharing model based on PharmacyChain™ usage fees, though specific terms are still to be negotiated.
What does Datavault AI specialize in?
Datavault AI is a leader in AI-driven data experience, valuation and monetization, providing comprehensive cloud-based solutions with collaborative focus in its Acoustic Science and Data Science Divisions for multiple industries including healthcare.
What is Wellgistics Health’s area of expertise?
Wellgistics Health is a next-generation pharmaceutical distribution and digital prescription routing company specializing in prescription drug distribution infrastructure.
Where is Datavault AI headquartered?
Datavault AI is headquartered in Beaverton, Oregon.
Where can investors find more information about Datavault AI?
The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT
What is the Information Data Exchange (IDE) mentioned in Datavault AI’s technology?
The Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at InvestorBrandNetwork (IBN)
Article Control ID: 262304