Datavault AI and Wellgistics Health Partnership: Blockchain-Enabled Prescription Drug Tracking FAQ
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 for improved 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.
What companies are 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.
How will this partnership work financially?
The companies are exploring a revenue-sharing model based on PharmacyChain™ usage fees, with definitive terms to be determined following further negotiation.
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 prescription delivery while supporting patient safety and optimized outcomes through digitized tracking from prescription to fulfillment.
What is the current status of this partnership?
The companies have signed a non-binding letter of intent, with definitive terms to be determined following further negotiation.
What is Datavault AI’s broader business focus beyond this partnership?
Datavault AI specializes in AI-driven data experience, valuation and monetization in the Web 3.0 environment, with divisions focused on Acoustic Science (wireless HD sound transmission) and Data Science (experiential data perception, valuation and secure monetization).
Where can I find more detailed information about this partnership?
The full press release can be viewed at https://ibn.fm/dnQ0i, and more information about Datavault AI is available at www.datavaultsite.com.
What industries does Datavault AI’s technology platform serve?
Datavault AI’s cloud-based platform serves multiple industries including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more.
Where is Datavault AI headquartered?
Datavault AI is headquartered in Beaverton, OR.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at NewMediaWire
Article Control ID: 264005