Traceability of Pharmaceutical Drugs throughout the Supply Chain using Blockchain

Abstract

The pharmaceutical industry is prone to many risks and the effect of these risks propagating to patients is enormous. Just like other sectors, the pharmaceutical sector can also benefit from new methodologies in the supply chain network. More effective supply chain management can benefit the pharmaceutical industry by reducing the risks from the current challenges being faced by the industry. Difficulties like missing interest data, human asset reliance, request of the board, distribution center administration, absence of coordination, shipment perceivability and lapse must be confronted. An important observation from these challenges is their dependence on human resources to come about these changes in the state and process information. Inevitably, blockchain can construct the profitability and straightforwardness of flexible chains and vehemently influence everything from warehousing to movement to portion. The core benefits of the blockchain technology are Immutability, Corruption & tamper proof, Secure and Zero downtime. These make the blockchain technology a very effective means for revolutionizing the supply chain management