step function improvement in the overall operation of the supply chain. The MediLedger Project is building an industry-owned permissioned blockchain network for the pharmaceutical sector based on open standards and specifications. Network nodes are set to be distributed among and operated by industry participants and technology providers who serve the industry. This decentralized network is only possible because the MediLedger Project has solved the sensitive issue of data privacy. No business intelligence is shared between partners, but rules are still enforceable due to zero-knowledge transaction verification across the supply chain. This approach can create a vibrant, open development environment and unlock innovative solutions for the pharmaceutical industry beyond the limits of what current technology can offer in the marketplace.