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Improving End-to-End Traceability and Pharma Supply Chain Resilience using Blockchain.

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Blockchain technology enhances pharmaceutical supply chain resilience and combats counterfeiting through improved end-to-end traceability. This solution offers real-time data transparency and verification for manufacturers, patients, and healthcare practitioners.

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Area of Science:

  • Supply Chain Management
  • Information Technology
  • Pharmaceutical Industry

Background:

  • The pharmaceutical supply chain is complex, fragmented, and vulnerable to counterfeiting, posing significant risks.
  • The COVID-19 pandemic highlighted the urgent need for enhanced data transparency and stakeholder connectivity.
  • Traditional methods struggle to ensure end-to-end traceability and resilience in the global pharma market.

Observation:

  • Blockchain technology, specifically Hyperledger Fabric, offers a robust solution for pharmaceutical supply chain traceability.
  • Industry-grade solutions like eZTracker integrate six key features for data sharing among manufacturers, patients, and HCPs.
  • Extended use cases include warehouse integration, patient mobile apps, and real-time verification dashboards.

Findings:

  • Blockchain implementation provides significant business value through enhanced end-to-end traceability.
  • Key features enable data sharing, improving transparency and security against counterfeit drugs.
  • Potential use cases extend to product recalls, cold chain monitoring, and e-product information management.

Implications:

  • Adoption of blockchain technology can strengthen supply chain resilience and operational efficiency.
  • Addressing limitations such as mandated serialization and blockchain interoperability is crucial for maximizing value.
  • Collaboration and investment in new technologies are essential for pharmaceutical manufacturers to overcome data silos and build robust supply chains.