Blockchain technology is revolutionizing the pharmaceutical industry's drug supply chain management

Counterfeit pharmaceuticals provide a serious challenge to the pharmaceutical business, resulting in large financial losses and putting patient health at risk. To address this issue, a strong system for tracking and tracing medicine delivery throughout the supply chain process is required. Because of its ability to properly handle and track the supply chain, blockchain technology has emerged as a potential solution. The installation of a unique blockchain-based pharmaceutical supply chain management system is the topic of this report. In the smart pharmaceutical business, the suggested solution uses Hyperledger Fabric, a blockchain platform, to continually monitor and trace the drug delivery process. The method improves supply chain visibility, reduces the risk of counterfeit medications, and promotes patient safety by using the transparency and security provided by blockchain technology. The study addresses the implementation of the blockchain-based medicine supply chain management module and provides test results to evaluate the system's effectiveness and usability. Pharmaceutical firms may strengthen their supply chain procedures and address the issues posed by counterfeit medications by implementing blockchain technology.

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Publication Details

Published
2024-10-17
DOI
https://doi.org/10.1145/3723178.3723321
Citations
1
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.78
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article

Blockchain technology is revolutionizing the pharmaceutical industry's drug supply chain management

Saikat Baul, Jubayer Ahamed, Iftekharul Mobin, Tofayet Sultan et al.
1 citations
Blockchain Technology Applications and Security
0.78
article

Blockchain technology is revolutionizing the pharmaceutical industry's drug supply chain management

Saikat Baul, Jubayer Ahamed, Iftekharul Mobin, Tofayet Sultan, Md. Ariful Islam, Sanzida Mannan Chuity
article en
1 citations

Abstract

Counterfeit pharmaceuticals provide a serious challenge to the pharmaceutical business, resulting in large financial losses and putting patient health at risk. To address this issue, a strong system for tracking and tracing medicine delivery throughout the supply chain process is required. Because of its ability to properly handle and track the supply chain, blockchain technology has emerged as a potential solution. The installation of a unique blockchain-based pharmaceutical supply chain management system is the topic of this report. In the smart pharmaceutical business, the suggested solution uses Hyperledger Fabric, a blockchain platform, to continually monitor and trace the drug delivery process. The method improves supply chain visibility, reduces the risk of counterfeit medications, and promotes patient safety by using the transparency and security provided by blockchain technology. The study addresses the implementation of the blockchain-based medicine supply chain management module and provides test results to evaluate the system's effectiveness and usability. Pharmaceutical firms may strengthen their supply chain procedures and address the issues posed by counterfeit medications by implementing blockchain technology.

American International University-Bangladesh (BD)
Openalex Percentile: Top 16%
Blockchain Technology Applications and Security
0.78
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