
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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The platform's infrastructure is built on the Hedera blockchain network enabling features including a predictable fee structure, bank-grade security, high throughput, and scalability. Bookings made on the Xeni platform are tracked, stored, and settled on the immutable Hedera ledger. This on-chain recording of financial dealings includes commission payments and related user fees.
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Coforge is a global digital services and solutions provider headquartered in India, with offices in the US, UK, Asia, and Australia. It assists clients in transforming their businesses by integrating domain expertise with emerging technologies.
The firm primarily serves sectors such as banking and financial services, insurance, and travel and hospitality. As a member of the Hedera Governing Council, it serves a key role in the distributed ledger technology (DLT) space.
Coforge offers services utilizing data and analytics, artificial intelligence, machine learning, cloud computing, and digital process automation to deploy innovative solutions on the Hedera platform. Its offerings include application development and management, managed services, and business process solutions, all with a focus on creating intelligent, high-performing, and secure systems.
Through its role with Hedera, Coforge is supports a diverse group of international clients in their digital transformation journeys and serves leading organizations, including numerous Fortune 500 companies. These include Microsoft, Amazon Web Services (AWS), and Salesforce, among others.
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