Strengthening Drug Supply Chain Integrity and Security with Blockchain

Ensuring the integrity and openness of its supply chain is a major concern for the pharmaceutical business. Through the development of an ‎auditable, decentralized tracking system that guarantees the authenticity of pharmaceuticals from manufacture to end-user, this system uses ‎blockchain technology to combat the problem of counterfeit medications. The solution reduces information asymmetry, promotes trust, and ‎improves stakeholder cooperation through the use of a shared ledger. Smart contracts enforce pre-established norms and automate compliance, such as confirming the legitimacy of medications and setting off alarms for questionable activity. In addition to preventing fake phar-‎pharmaceuticals from reaching the market, this strategy improves patient safety by facilitating the quick identification and elimination of bogus ‎prescriptions using a decentralized application‎.