Medical Supply Chain using Blockchain Technology
Applications and Challenges
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Without a proper mechanism to track and authenticate drugs, both stakeholder and consumer experience dilemmas. The dilemmas arise between stakeholders and consumers are related to of coordination, inventory management, human resource dependency, order management, stock management, expiry of medicines data etc. Stakeholders are unable to analyses the demands, hence becoming incapable of optimizing their production and storage. Likewise, a consumer remains suspicious about the authenticity of the drug. A medical supply chain promotes updating medicine status at each checkpoint, reducing the disp...
Without a proper mechanism to track and authenticate drugs, both stakeholder and consumer experience dilemmas. The dilemmas arise between stakeholders and consumers are related to of coordination, inventory management, human resource dependency, order management, stock management, expiry of medicines data etc. Stakeholders are unable to analyses the demands, hence becoming incapable of optimizing their production and storage. Likewise, a consumer remains suspicious about the authenticity of the drug. A medical supply chain promotes updating medicine status at each checkpoint, reducing the disputes caused by medicine ' s unseen journey. In the current market, medical supply chains are present, but they are centralized. A centralized medical supply chain is typically tedious and expensive to maintain and does not provide adequate features to analyse markets. Above all, it brands merely a certificate to prove the authenticity of a drug. However, by using a blockchain platform, the medical supply chain problems can be solved efficiently. This blockchain-based medical supply chain's key feature is to system stores all the medicine batch ' s transfer history.
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