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Vol. 13, Issue 12 (2024)

Blockchain technology in pharmaceutical supply chain management: Ensuring transparency and traceability

Author(s):
Kathiresan Subramanian and Kagne Suresh
Abstract:
This paper presents a blockchain-integrated IoT system for enhancing pharmaceutical supply chain management, focusing on improving traceability, data integrity, and counterfeit detection. The system aims at data integrity improvement, detection of counterfeits, and traceability improvement. It collects data about real-time product conditions and transactions by connecting ESP32 microcontrollers with Internet of Things. It facilitates compliance checks through smart contracts, and it utilizes Hyperledger Fabric for safe and transparent data storage. The proposed approach is more traceability efficient than modern centralized solutions as shown by the scores 98.2% versus 75.3%, reducing the time needed to detect counterfeits from 15.8 seconds to 2.1 seconds, according to the experimental results. This solution reaches a data integrity validation accuracy of 98.99%, which is higher than that of centralized systems at 85.2% accuracy. It is known that centralized systems have difficulty in increasing beyond 600 TPS. The system can easily operate at full capacity and maintain a rate of 900 TPS without encountering any decrease in performance. The system demonstrates a 48% improvement in traceability efficacy and enhanced environmental compliance management. These results show that the proposed method in the pharmaceutical industry can be effective, safe, and extensible.
Pages: 116-127  |  460 Views  390 Downloads


The Pharma Innovation Journal
How to cite this article:
Kathiresan Subramanian, Kagne Suresh. Blockchain technology in pharmaceutical supply chain management: Ensuring transparency and traceability. Pharma Innovation 2024;13(12):116-127.

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