Supply Chain Management System in Blockchain
The production and distribution of counterfeit drugs is an urgent and increasingly critical worldwide issue, especially in pandemics. The imperfect supply chain system in the pharmaceutical industry is one of the reasons for drug counterfeiting. Drugs ownership changes from manufacturers to wholesaler, distributor, and then pharmacist before it reaches the customer thus making it difficult to keep track of it. The system implemented using hyper ledger fabric ensures sharing, storing, transparency, and traceability of data in each link of the supply chain. On the other hand, Ethereum architecture utilized the features of smart contracts to manage the interactions between sender and receiver. Finally, the study mainly focuses on increasing the safety of pharmaceutical products and reducing the manual operation of the supply chain with the most efficient architecture. The worldwide drug industry is worth more than $1 trillion and store network the board (SCM) is crucial for picking up monetary, ecological and social advantages in the supply chain industry. Nonetheless, customary SCM instruments generally experience the ill effects of a wide extent of issues, for example, absence of data sharing, long deferrals for information recovery, trickiness in item following and consideration of fake items. Blockchain innovation shows extraordinary potential to tackle these issues because of its striking highlights including changelessness, straightforwardness, and decentralization. Blockchain guarantees source to customer discernibility and following which makes a difference to improve productivity in the business by guaranteeing buyer insurance, building trust and improving the nature of administration. This project proposes a way to deal with upgrade detectability in the Pharma production network utilizing Blockchain Technology
Year of publication: |
[2023]
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Authors: | Bhoite, Amar ; Satre, Amey ; Sulke, Prajwal ; Pawar, Dnyaneshwar |
Publisher: |
[S.l.] : SSRN |
Subject: | Lieferkette | Supply chain | Blockchain |
Saved in:
freely available
Extent: | 1 Online-Ressource (4 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 19, 2023 erstellt |
Other identifiers: | 10.2139/ssrn.4452864 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014354520
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