Catalyzing Drug Safety: Harnessing IoT and Block chain Technology and its Synergy in Pharmacovigilance

Abstract

The convergence of Internet of Things (IoT) and blockchain technologies is catalysing a paradigm shift in the field of pharmacovigilance. This article provides an overview of the application of IoT and blockchain in pharmacovigilance, highlighting their transformative potential in enhancing patient safety and drug efficacy monitoring. IoT devices enable real-time data collection, enabling prompt identification of adverse events, while blockchain ensures data integrity and security. Together, they create a robust ecosystem for pharmacovigilance, allowing for transparent reporting, streamlined adverse event management, and proactive measures to safeguard public health. This paper explores key use cases, benefits, challenges, and prospects of this innovative approach, emphasizing its pivotal role in shaping the future of drug safety and regulatory compliance in the pharmaceutical industry.