Supply Chain for Pharma Network using Blockchain and QR Code Technology

Authors: Pravin. R. Pachorkar, Mayuri M. Pagar, Khagendra C. Patil, Shaurya R. Gangurde, Shreyas R. Nagare

Country: India

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Abstract: Blockchain technology has wider scope in the financial tech fields, pharmacies and food industries. Blockchain technology is decentralized distributed ledger that provides the transparency, immutability and reliability in the network. In this project, we are integrating the Blockchain technology with pharma supply chain process for reliable supply chain process. It records all the information in the form of smart contract from manufacturer to the customer. In the field of finance, blockchain technology was recently developed to offer a secure, consensus-based, and irreversible environment. In certain contexts, trust and transparency are essential, and blockchain arrives to save the day. Pharmaceutical information must transmit data to multiple parties with accuracy. Like prescription medications, Blockchain technology makes it possible to see and track supply chains, providing producers with comprehensive information to consumers. Nowadays, big manufacturers collect and handle data, and pharmacies misuse their centrally located systems. A lot of current strategies and techniques make pharmaceutical data to be maintained and grouped between the tending provider and other parties involved. In the traditional supply chain process, stakeholders cannot trust each other, because there is no any trustworthy document verified by them; but in the blockchain, the data can be stored by mining a block by number of miners, so there is transparency between the stakeholders.

Keywords: Blockchain Technology, Pharma Supply Chain, Smart Contract

Paper Id: 230557

Published On: 2024-04-10

Published In: Volume 12, Issue 2, March-April 2024

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