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Chekkit secures additional funding to scale its blockchain-powered drug safety & tracking technology

Chekkit secures additional funding to scale its blockchain-powered drug safety & tracking technology

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#blockchain
Chekkit has raised an undisclosed round from Adaverse, a Cardano ecosystem accelerator, with participation from existing investors like RTA, HoaQ, Launch Africa, and Blockchain Founders Fund.

Nigeria's pharmaceutical industry will implement end-to-end serialization and traceability by the end of 2024, according to the National Agency for Food and Drug Administration and Control. This regulatory requirement presents a significant opportunity for Chekkit, a traceability platform that provides manufacturers with serialization and traceability for all packaging levels in line with global standards. Chekkit has raised an undisclosed round of funding from Adaverse, a Cardano ecosystem accelerator, and other investors to scale its technology and onboard more manufacturers across Nigeria and other regions in Africa, as well as expand into new markets in India, the UK, and the Middle East. The company aims to become the #1 traceability platform in Africa by leveraging blockchain technology for securing unique product identifiers and personal data, as well as providing an ecosystem for third-party developers.


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