Blockchain Based Architecture of Pharmaceutical Supply Chain Solution

Authors

  • Shubham Toshniwal
  • Abhishek Dadhich

Abstract

The years 2020 and 2021 have witnessed unparalleled increment in demand for medical devices and resources due to the ongoing COVID-19 pandemic. An increase in demand also increased the presence of duplicate drugs within the market, and this poses a significant threat because it is difficult for human beings to apprehend the correct cost and best of purchased drugs because of a full-size loss of transparency within the modern gadgets. Also, tampering in the delivery chain is hard to locate whilst suspected of illegal or unethical practices. The majority of today's systems, procedures, and technology are inefficient in managing the medical equipment supply chain. Functionalities like reliability, traceability, security, operational transparency, decentralization, and trustworthiness are inadequate. This research gives an analysis of a decentralized Ethereum blockchain-based approach to enhance medical supply chain operations which enable data exchange amongst all the stakeholders involved to supply them in a completely secure, transparent, traceable, and trustworthy manner. Each product in the chain is typically transferred among authenticated chain entities using an event request-reaction mechanism. All transactions among entities are stored into the blockchain through the usage of clever contracts which can be immutable, and this provides us with product traceability to its supply.

Published

2022-09-17