Certified prospectuses for investors

Regulation reform contributes to the incorporation of blockchain technology into the prospectus approval process.

The challenge

Everybody got one before and thousands or millions, if not thousands, are being issued every day. Health prescriptions are used every day by medical practitioners to swap prescription medications for patients in pharmacies. Such drugs are very common with addicts who want to alleviate pain or experience a high, and with drug dealers who are looking for an exorbitant price to sell them.

To get those drugs, desperate people go to great lengths. This includes stealing a prescription notepad from a doctor, or forging your own. Some measures are in place to prevent this and to catch any fraudulent prescriptions, but these methods are outdated and not very effective when compared with the sophisticated methods used by frauds to circumvent them.

There are no official recorded figures, but estimates are made between thousands and hundreds of thousands of fraudulent prescriptions per annum. It is an significant issue , particularly when the opioid crisis is permeating many countries.

What is expected to be done

Pharmacists and doctors can help tackle this epidemic by making it harder to falsify prescriptions and testing each prescription for its validity.

Bitcert is a perfect solution. Addressing the issue with the new technologies by storing prescriptions on the blockchain renders them unchangeable and immediately verifiable. Through its digital twin approach, Bitcert helps patients to continue using paper-based prescriptions more easily with the new paper-based method as a process transition to a fully digitized one.

Digital twin formation and testing is close to the standard Bitcert procedure for diplomas and lending applications. The difference is that a QR code that leads to the “digital twin” if scanned is applied before certifying the document on the blockchain. The pharmacist sees the digital twin and can compare the twin to the paper twin to check that it is true. Then the digital twin can be tested by Bitcert to make sure that it is 100 % accurate. After completion of the prescription, the pharmacist may revoke the prescription, make the prescription invalid and ensure that the patient receives the prescription only once.

Security is among the main concerns of Bitcert, which is the only justification for keeping all the details secret, confidential, and compliant in GDPR, in Blockchain, the hash value or “fingerprint” of a text. This applies to both the certification program and the software for document checks.

For both the issuer and the verifier, Bitcert is simple to implement and work with. A certificate can be entered easily and approved by the doctor in less than a minute. The pharmacist can move and drop a document in a matter of seconds or scan the QR code to verify its integrity and origin. No information is required prior to blockchain.

We suggest an application for businesses through our Bitcert API, which can be incorporated into any device landscape.


Bitcert provides a range of benefits for the whole ecosystem, building trust in a digital environment and increasing performance.

The doctor is able to give prescriptions faster and more safely. They no longer have to think about locking off their prescription pads, or using them to counterfeit one. No paperwork on their part, so then they only type it up.

The patient doesn’t have to deal with a piece of paper they might be losing. No more worries about not being able to read the handwriting of a “typical” doctor. Data on the patient is treated carefully, with none of their data entering the world of the doctor.

The pharmacist should be completely assured that the patient can present them with an authentic certificate and can even help keep track of prescriptions.

Lastly, as the process is completely digitized, it becomes much easier for regulatory authorities to keep track of how many prescription medications a population uses and the doctors prescribe what medications. Enabling deeper study of a community ‘s health, and likely spot patterns in disease fighting.