Benefit and Challenge of Blockchain Technology in Pharmaceutical Supply Chain Management

Abstract

Pharmaceutical Industry Supply Chain Management (SCM) has been an invigorating research topic because the industry strives to explore innovative ways to secure the medicine distribution and to ensure the authenticity of medicine consumed by the patients. A surge in the counterfeit drug has called an urgent effort for the industry to eradicate. In this scope, the fake medicine harm serious health problem for patients. To cope with this urgency, Blockchain offers the new innovative technology that captures the security and accountability in the financial industry for decades. In this spectrum, the new generation of blockchain with smart contract feature enables the utilization of blockchain in an enterprise setting such as Supply Chain Management Systems. In this point, this study explored contemporary for benefit and challenge blockchain adoption based on Systematic Literature Review methodology. At a closer look, the research indicates the impact of the Blockchain Adoption Technology in Pharmaceutical Industry SCM in for four aspects, i.e. supplier, producer, logistic/distributor, and customer. In a specific range, this research explores significant factors from ten leading journals (one thousand two hundred and fourteen papers) and selects solely eighteen relevant documents. The examination reveals the critical research development of blockchain technology adoption in Pharmaceutical SCM and twenty-three essential factors.