A Secured Supply Chain Management System for Pharmaceutical Companies using Blockchain
International Journal of Advanced Trends in Computer Science and Engineering · 2020
Digitalization is spreading all over the world in a vast way.This work presents us with a different prospective and view upon the use of the most recent technology of the market that is blockchain.An effective supply chain management is the biggest challenge in every industry.In healthcare, there is additional risk and complexity as a compromised supply chain in healthcare can affect the patient's safety.Increased adoption of technology, globalization and industry populated with multiple stakeholders in various jurisdictions has given rise to a complicated health supply chain.The pharmaceutical supply chain is one of the most prominent verticals when it comes to the damaged areas of health supply chain.A lot of patients endure due the utilization of terminated and falsified meds and gadgets.Patients are unconscious of systems to see whether the medication is consumable or not.For solid and legitimate data to shoppers from the pharmaceutical organizations, Blockchain gives adaptable however made sure about information passage and extraction.Information Stored is homogeneous and predictable all through the framework at any of the companions.Implementation of Blockchain in pharmaceutical supply chain, not only reduce counterfeiting and theft issues but also help manage inventory.