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  1. HerBChain Co., Limited

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Project/Company Name

HerBChain Co., Limited

Project Leader

Prof. SHAW Pang Chui

Source of Funding/Programme

S-KPF

Logo

Herbchain_logo_short_horizontal_colored-01.jpg

Starting Year
2021
Business Area
Blockchain, Chinese Medicine
Nature
Social Enterprise
Issue
The Chinese medicine sector is booming in Hong Kong, which provides tremendous business opportunities to the Hong Kong economy. Taking the manufacture of Chinese medicines as an example, the total annual production amount exceeds HKD 1.5 billion. However, there are many cases related to intention and inadvertent adulteration of herbal materials in the market and there is a lack of transparency in the quality control of the products. This seriously undermines the confidence of consumers and hinders the expansion of Chinese medicines products to the international market.
Solution
In order to enhance the quality control of herbal products and promote the development of herbal industry, we have developed an information platform 「HerBChain」 for recording the processes from the growth of herbs to the marketing of the herbal products using Blockchain technology. Blockchain is a transparent, decentralized and distributive immutable ledger for recording messages and transactions. It also has the characteristics of tamper-proof, asymmetric cryptography, smart contract and record time stamp, which enhances its reliability and safety.  
 
「HerBChain」covers different ‘nodes’ including planting base, TCM processing factory, TCM manufacturing factory, distributor, retailer and laboratory or Testing centre.  This makes「HerBChain」a reliable and convenient quality control platform for the herbal industry.
Impact
Promote the quality assurance and quality control of the herbal productsReduce the number of adulterated herbal material cases in the marketIncrease the commercial value of the herbal productsStrengthen the customer’s confidenceEnhance trading between the participating parties- Enhance the credibility and reputation of the industryEnhance the international trading of the herbal industry
Beneficiaries

Stakeholders in herbal industry
Personnel in testing laboratories
Personnel in regulatory agencies
The public

Back to previous page BACK

Project/Company Name

HerBChain Co., Limited

Project Leader

Prof. SHAW Pang Chui

Source of Funding/Programme

S-KPF

Issue

The Chinese medicine sector is booming in Hong Kong, which provides tremendous business opportunities to the Hong Kong economy. Taking the manufacture of Chinese medicines as an example, the total annual production amount exceeds HKD 1.5 billion. However, there are many cases related to intention and inadvertent adulteration of herbal materials in the market and there is a lack of transparency in the quality control of the products. This seriously undermines the confidence of consumers and hinders the expansion of Chinese medicines products to the international market.

Solution

In order to enhance the quality control of herbal products and promote the development of herbal industry, we have developed an information platform 「HerBChain」 for recording the processes from the growth of herbs to the marketing of the herbal products using Blockchain technology. Blockchain is a transparent, decentralized and distributive immutable ledger for recording messages and transactions. It also has the characteristics of tamper-proof, asymmetric cryptography, smart contract and record time stamp, which enhances its reliability and safety.  
 
「HerBChain」covers different ‘nodes’ including planting base, TCM processing factory, TCM manufacturing factory, distributor, retailer and laboratory or Testing centre.  This makes「HerBChain」a reliable and convenient quality control platform for the herbal industry.

Impact

Promote the quality assurance and quality control of the herbal productsReduce the number of adulterated herbal material cases in the marketIncrease the commercial value of the herbal productsStrengthen the customer’s confidenceEnhance trading between the participating parties- Enhance the credibility and reputation of the industryEnhance the international trading of the herbal industry

Beneficiaries

Stakeholders in herbal industry
Personnel in testing laboratories
Personnel in regulatory agencies
The public

Logo

Herbchain_logo_short_horizontal_colored-01.jpg

Starting Year

2021

Business Area

Blockchain, Chinese Medicine

Nature

Social Enterprise

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