TY - GEN
T1 - Blockchain Based Pharmaceutical Supply Chain and its Challenges
T2 - 3rd IEEE International Conference on ICT in Business Industry and Government, ICTBIG 2023
AU - Sahu, Umesh Kumar
AU - Jain, Amit
AU - Chaurasia, Rahul
AU - Hiran, Kamal Kant
N1 - Publisher Copyright:
© 2023 IEEE.
PY - 2023
Y1 - 2023
N2 - In the modern era, pharmaceutical supply chains evolving into intricate and automated networks that hold significant potential for several benefits to its stakeholders. However, one of the main challenges lies in maintaining data origin traceability throughout this complex supply chain network. Conventional supply networks typically rely on centralized third-party intermediaries, which can cause transparency, accountability, and auditability issues. To address these challenges, some businesses are leveraging blockchain technology and smart contracts, implementing them on the Ethereum blockchain. While blockchain can provide immutability for data and records within the network, it does not entirely resolve issues related to the credibility of involved entities, the accountability of the trading process, and the complete traceability of items in the supply chain. The healthcare industry often grapples with issues concerning data privacy, transparency, and authenticity of the information. This paper delves into a solution for enhancing the tracking of healthcare products by utilizing the Ethereum blockchain alongside smart contracts and decentralized off-chain storage. The implementation of a smart contract serves to ensure the origin of data, eliminates intermediary parties, and furnishes all involved parties with a dependable and immutable record of every transaction.
AB - In the modern era, pharmaceutical supply chains evolving into intricate and automated networks that hold significant potential for several benefits to its stakeholders. However, one of the main challenges lies in maintaining data origin traceability throughout this complex supply chain network. Conventional supply networks typically rely on centralized third-party intermediaries, which can cause transparency, accountability, and auditability issues. To address these challenges, some businesses are leveraging blockchain technology and smart contracts, implementing them on the Ethereum blockchain. While blockchain can provide immutability for data and records within the network, it does not entirely resolve issues related to the credibility of involved entities, the accountability of the trading process, and the complete traceability of items in the supply chain. The healthcare industry often grapples with issues concerning data privacy, transparency, and authenticity of the information. This paper delves into a solution for enhancing the tracking of healthcare products by utilizing the Ethereum blockchain alongside smart contracts and decentralized off-chain storage. The implementation of a smart contract serves to ensure the origin of data, eliminates intermediary parties, and furnishes all involved parties with a dependable and immutable record of every transaction.
UR - https://www.scopus.com/pages/publications/85189238906
UR - https://www.scopus.com/pages/publications/85189238906#tab=citedBy
U2 - 10.1109/ICTBIG59752.2023.10456151
DO - 10.1109/ICTBIG59752.2023.10456151
M3 - Conference contribution
AN - SCOPUS:85189238906
T3 - 3rd IEEE International Conference on ICT in Business Industry and Government, ICTBIG 2023
BT - 3rd IEEE International Conference on ICT in Business Industry and Government, ICTBIG 2023
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 8 December 2023 through 9 December 2023
ER -