The Interledger Protocol supports multiple payment methods having high level of complexities.
Each drug will be allotted a unique identification code which can be tracked at any given point in time within the entire supply chain using the Blockchain technology.
The company says that it would unveil its blockchain product at the Dreamforce conference ahead this year in San Francisco.
China is reportedly backing a new blockchain fund which will fund blockchain-related startups.
Mike Novogratz has recently hired Richard Kim of Goldman Sachs for the role of COO at this merchant bank Galaxy Digital.
Venrock has partnered with crypto firm Coinfund in order to support all the future projects in the crypto space.
The inspection will take place this month to check whether the banks have complied with the anti-money laundering rules or not.
Soros earlier this year said that cryptocurrencies are a bubble and should be treated as an asset class.
The exchanges have been suspended for failing to take necessary security steps as asked by the regulatory agency.
The company announced that it will allow customers to easily withdraw funds from Bitcoin forks across all Coinable Products.