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Vaccine supply chain management: An intelligent system utilizing blockchain, IoT and machine learning
Hui Hu1,2, Jiajun Xu2, Mengqi Liu3
1Economic Development Research Centre, Wuhan University, China.
This study introduces an intelligent vaccine supply chain (VSC) management system using blockchain, IoT, and machine learning to improve vaccine quality, demand forecasting, and stakeholder trust, addressing pandemic-related challenges.
Area of Science:
- Supply Chain Management
- Digital Health Technologies
- Public Health
Background:
- Vaccine supply chains (VSC) face persistent challenges in quality, demand forecasting, and stakeholder trust, leading to inefficiencies.
- The COVID-19 pandemic highlighted and exacerbated existing weaknesses within the VSC.
- Opportunities exist to leverage digital technologies for enhanced VSC management.
Purpose of the Study:
- To establish an intelligent VSC management system for decision support during the COVID-19 pandemic.
- To integrate blockchain, Internet of Things (IoT), and machine learning to address key VSC issues.
- To enhance transparency, ensure vaccine quality, and improve demand forecasting within the VSC.
Main Methods:
- Implementation of a blockchain-based system for transparent stakeholder interactions.
- Utilization of IoT devices for real-time monitoring of vaccine status and quality.
- Application of machine learning for predictive demand forecasting and sentiment analysis of vaccine reviews.
Main Results:
- Blockchain technology enhances trust and transparency among supply chain stakeholders.
- IoT integration ensures real-time monitoring, safeguarding vaccine quality.
- Machine learning effectively predicts demand and provides insights for quality improvement through sentiment analysis.
Conclusions:
- The developed intelligent VSC management system effectively addresses critical issues in vaccine supply chains.
- The integration of blockchain, IoT, and machine learning offers a robust solution for VSC challenges, particularly during pandemics.
- Findings have significant implications for supply chain management, business strategies, and governmental policies in the pharmaceutical sector.
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