Blockchain Based Solution to Enhance Drug Supply Chain Management for Smart Pharmaceutical Industry
Laveesh Gupta, Manvendra Bansal, Meeradevi Meeradevi, Muskan Gupta, Nishit Khaitan
Abstract
Counterfeit drugs are an immense threat for the pharmaceutical industry worldwide due to limitations of supply chain. Our proposed solution can overcome many challenges as it will trace and track the drugs while in transit, give transparency along with robust security and will ensure legitimacy across the supply chain. It provides a reliable certification process as well. Fabric architecture is permissioned and private. Hyperledger is a preferred framework over Ethereum because it makes use of features like modular design, high efficiency, quality code and open-source which makes it more suitable for B2B applications with no requirement of cryptocurrency in Hyperledger Fabric. QR generation and scanning are provided as a functionality in the application instead of bar code for its easy accessibility to make it more secure and reliable. The objective of our solution is to provide substantial solutions to the supply chain stakeholders in record maintenance, drug transit monitoring and vendor side verification.