According to Bijié Wǎng, PharmaTrace has raised 300,000 HBAR through the Thrive Hedera initiative to support its development. The company, a regulated decentralized physical infrastructure network (DePIN) for pharmaceutical supply chains, plans to transition from Hyperledger Fabric to a public permissioned architecture built on Hedera. The funding aims to enhance interoperability and privacy for sensitive data, with public verification of supply chain events as a core feature. Hedera’s hashgraph technology will support key components, including tokenized product serialization via HTS and verifiable event logging via HCS. Mirror nodes on Hedera will allow regulators and authorized parties to validate events without accessing confidential systems. PharmaTrace also outlined plans for a utility token tied to reporting accuracy, platform access, and future governance, and intends to contribute to the Hedera ecosystem in regulated supply chain areas.
PharmaTrace Secures $300,000 in HBAR Funding for Next-Gen Drug Tracking
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