BLOCKCHAIN-POWERED ACCOUNTABILITY IN PHARMACEUTICAL SUPPLY CHAINS

Abstract

A healthcare supply chain is made when an organization and businesses work together to increase and manage supply related to healthcare products, equipment, and drugs for the patients' lives.  The complexity of these networks can make it challenging to circulate healthcare supplies. This is because their structure is not transparent, and they are involved in unauthorized pharmaceutical activities. Technology can improve the pharmaceutical supply chain sector by increasing transparency and establishing oversight mechanisms. Integrating technology can strengthen drug traceability and security measures, enhancing safety and system efficiency. The objective is to leverage technology solutions to implement traceability methods for drug distribution. In addition, we employ sophisticated tools to incorporate blockchain technology into the pharmaceutical supply chain seamlessly. Through rigorous experimentation, our methodology enhances transparency, accountability, and security across pharmaceutical supply chains. The results of our study highlight the significant impact of blockchain technology in addressing critical challenges within the pharmaceutical industry. Our research contributes to theoretical knowledge and practical implications, paving the way for the transformation of pharmaceutical supply chains. This transformation will ensure the integrity and security of the entire system.