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The application of Blockchain technology in the supply chain of widely used antibiotics : Challenges and prospects

Papadaki Andriani-Vaia

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Summary

Issues plaguing the pharmaceutical supply chain like counterfeit drugs, transparencyproblems and efficient traceability plague it for quite a while. The research endeavors to explore potential of blockchain technology as panacea to the concerning issues at hand. Traversing current applications pertaining to blockchain in the pharmaceutical supply chain touches on manifold benefits such as enhanced transparency, irrefutable traceability or robust security. Further unpacked are challenges faced in wide-scale implementation of blockchain offering strategic solutions to technical, regulatory or scalability issues. A comprehensive analysis of implications for various stakeholders from supply chain managers to policymakers is presented. Research culminates by highlighting significant contributions order by Blockchain in field of pharmaceuticals followed by recommendations for optimal use avenues promising therein for future research respectively directed. Findings underscore transformative potential of blockchain towards redefining landscape of pharmaceutical supply chains with patient safety and industry efficiency being emphatic emphasis.

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