
Medical Value Chain (MVC)
Medical Value Chain (MVC) is a Bahrain-based subsidiary of AVC Global. It provides a track-and-trace platform for pharmaceutical supply chains to ensure regulatory compliance and combat counterfeit drugs. MVC's innovative financial model is funded by the pharmaceutical industry, meaning there is no cost to governments or citizens.
MVC's core product is the SmartPass, a platform built on a dual-blockchain architecture that integrates with GS1 global serialisation standards. This technology creates a transparent and immutable record of pharmaceutical products as they move through the supply chain, from manufacturer to consumer. SmartPass is designed to provide "absolute transparency," protecting against counterfeit medications, improving supply chain efficiency, and reducing fraud. A key component of this system is the OneScan feature, which allows for the verification of product authenticity.
The company utilises the Hedera Consensus Service (HCS) to create a verifiable and auditable log of all supply chain events. This "dual immutable distributed ledger technology" provides a high level of security and transparency, ensuring the integrity of the data.
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