FedEx Institute announces partnership with Good Shepherd Pharmacy company

Good Shepherd Pharmacy is working with the FedEx Institute of Technology to develop a new blockchain infrastructure in Memphis. As blockchain enables the secure distribution of information, this technology could be of use to Good Shepherd's efforts to collect unused medications from cancer patients and provide them to those who cannot afford them.

Good Shepherd Pharmacy is working with the FedEx Institute of Technology to develop a new blockchain infrastructure in Memphis. As blockchain enables the secure distribution of information, this technology could be of use to Good Shepherd's efforts to collect unused medications from cancer patients and provide them to those who cannot afford them. "In Tennessee alone, over $10 million worth of perfectly good prescription medication gets flushed down the toilet every year," said Phil Baker, Good Shepherd Pharmacy's CEO. "Blockchain is the solution for that problem. The REMEDI project (REclaiming MEDicine) will divert valuable medication into the hands of patients who would not otherwise use it." On July 10, the FedEx Institute will host a "hacknight" event in Memphis where blockchain enthusiasts and professionals will have the opportunity to discuss the challenges of the pharmacy's blockchain resource development program. "One of the most valuable resources universities can provide to the innovation ecosystem is the space to explore new ideas and opportunities in an unrestrained environment," noted Cody Behles, FedEx Institute's Innovation and Research Support's assistant director.