Blockchain Technology in Pharmaceutical Supply Chain Management

The coronavirus pandemic caused global health and economic disruption of an unknown scale. Several issues with the pharmaceutical supply chain such as the counterfeiting of drugs came to light in these dire times. While continual efforts are being applied in order to effectively treat and annihilate the coronavirus, so are the efforts of supply chains to prepare for patient care in case of a recurrence. The requirement of superior quality medicines has sky rocketed, subsequently, so has the influx of counterfeited drugs. The security of the pharmaceutical supply chain is unquestionably necessary due to the large scale increase in demand for drugs. Tampering of the supply chain is not easily detectable when unethical practices are suspected currently. A radical and innovative method that contains the potential to overcome the challenges of securing the pharmaceutical supply chain is the blockchain technology. So, our proposed solution amalgamates blockchain technology into the drug supply chain to make it tamper-proof. This study proposes a system that harnesses blockchain's properties to ensure supply of safe and traceable pharmaceuticals from end to end. The smart contracts designed have been deployed on a local blockchain using Ganache. Results of our experimentation indicate with certainty that not only is this solution feasible but it is more secure than the present day scenario of the pharmaceutical supply chain.