Blockchain-Based Supply Chain Management For Enhanced Traceability

Abstract

The pharmaceutical industry faces persistent challenges in ensuring the authenticity and safety of drugs within the healthcare supply chain. Counterfeit drugs, inefficient traceability systems, and lack of transparency pose significant threats to public health and industry integrity. Therefore, this research explores the implementation of blockchain technology to revolutionize drug traceability in healthcare supply chains. The main aim is to design and implement a blockchain-based drug traceability system, focusing on enhancing transparency, security, and real-time tracking. Key objectives include developing a decentralized ledger for transparent transactions, ensuring data immutability to prevent tampering, and enabling seamless interoperability across the supply chain entities. In addition, it employs a systematic approach, encompassing the analysis of existing traceability systems, the design of a blockchain-based solution, and the development of a prototype for testing and validation. Smart contracts and cryptographic techniques are utilized to secure transactions and ensure the integrity of supply chain data. Further, the introduction of blockchain technology in healthcare supply chain management offers a transformative solution to the longstanding challenges faced by traditional drug traceability systems. By leveraging blockchain's decentralized and immutable ledger, the pharmaceutical industry can establish a transparent, secure, and real-time traceability system, enhancing patient safety and overall supply chain efficiency.