Blockchain & IoT based Drugs Traceability for Pharma Industry

Abstract

The delivery of medicine directly from the manufacturer to the end-user is the highest priority of today's healthcare system. Several stakeholders, including distributors, suppliers, wholesalers, and consumers, are involved in the pharmaceutical supply chain. However, verifying the source of raw materials and maintaining visibility of goods and merchandise as they move across the supply chain network has become increasingly difficult thus, forming opportunities for counterfeits to enter the authentic supply chain. This paper proposes using the Internet of Things (IoT) and Blockchain to improve traceability in the pharmaceutical supply chain. Blockchain-based on the IoT is a type of distributed ledger (DLT) that keeps an immutable record of all transaction data that cannot be falsified and is transparent to all stakeholders. Implementing an IoT-based blockchain system will give pharmaceutical industry the resources it needs to enhance drug traceability across the supply chain, resulting in more effective and safe healthcare.