Chronicle has secured a $12M seed funding round led by Strobe, with participation from Brevan Howard and SixMan Ventures, to advance blockchain oracle technology. The funding will be used for product development and research, aiming to enhance oracle security, efficiency, and scalability. This investment highlights the growing importance of reliable oracles in the DeFi ecosystem and positions Chronicle as a key player in the sector's innovation and growth.

MOUNT PROSPECT, IL, June 14, 2023 (GLOBE NEWSWIRE) -- The National Association of Boards of Pharmacy® (NABP®) announced today that it acquired the MediLedger Product Verification System (PVS) from Chronicled, Inc. The Association purchased the PVS to enable trading partners and regulators to conduct product verification, when required by the Drug Supply Chain Security Act (DSCSA), for use in its new product, Pulse by NABP™. Since launching the PVS in 2019, Chronicled has used its blockchain-powered MediLedger Network to make life sciences more accurate, efficient​,​ and aligned across the industry. The PVS has assisted members of the supply chain in complying with DSCSA, and it will continue to provide this assistance when Pulse launches this summer. Pulse is the Association’s inclusive, accessible​,​ and secure digital platform that connects regulators and members of the supply chain and simplifies DSCSA compliance. Through Pulse, the PVS for manufacturers, distributors, and solution providers will continue to be offered as a cost-effective global trade item number directory for saleable-returns verification by solution providers and trading partners