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 enhance transparency, efficiency, and 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.
Who are the companies involved in this collaboration?
Datavault AI (NASDAQ: DVLT), a leader in AI-driven data experience, valuation and monetization, and Wellgistics Health Inc., a next-generation pharmaceutical distribution and digital prescription routing company.
What specific technology is being integrated in this partnership?
Datavault AI’s blockchain-enabled PharmacyChain™ smart contract technology is being integrated into Wellgistics’ proprietary infrastructure.
What are the expected benefits of this blockchain integration for prescription tracking?
The integration aims to ensure accurate, transparent and efficient delivery of prescriptions while supporting patient safety and optimized outcomes through digitized tracking from script to fulfillment.
What is the financial arrangement between the two companies?
The companies are exploring a revenue-sharing model based on PharmacyChain™ usage fees, with definitive terms to be determined following further negotiation.
What is the current status of this partnership?
The companies have signed a non-binding letter of intent, indicating this is an initial agreement with definitive terms still to be negotiated.
Where is Datavault AI headquartered?
Datavault AI is headquartered in Beaverton, OR.
What other industries does Datavault AI’s technology serve?
Datavault AI’s cloud-based platform serves multiple industries including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more.
What is the Information Data Exchange (IDE) mentioned in the content?
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.
Where can I find more information about Datavault AI?
You can learn more about Datavault AI at www.datavaultsite.com or view the full press release at https://ibn.fm/dnQ0i.
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