Blockchain-based Pharmaceutical Drug Supply Chain Management System

Blockchain technology was recently invented in financial technology to provide an irreversible, consensus-based, and secure environment. There are areas where trust and transparency are crucial, and that is when blockchain comes to the rescue. It is essential to transmit pharmaceutical data to several parties reliably. Similar to prescription drugs, blockchain technology enables traceability and visibility to supply chains, offering complete information from producers to buyers. Large manufacturers now gather and manage data, and drugstore stores abuse their centralized systems. Many existing approaches and methods enable pharmaceutical data to be kept and centralized between the tending supplier and other stakeholders. This article introduces blockchain technology, reviews and analyses the most recent and significant research using blockchain technology in pharmaceutical supply chains, identifies the challenges connected with blockchain technology, and suggests some future research. Here, we propose an enhanced supply chain management system where the medicine data is available on blockchain to verify all stakeholders and consumers.