Year: 2025
Type: article
Abstract: Ensuring the integrity and openness of its supply chain is a major concern for the pharmaceutical business. Through the development of an auditable, decentralized tracking system that guarantees the authenticity of pharmaceuticals from manufacture to end-user, this system uses blockchain technology to combat the problem of counterfeit medications. The solution reduces information asymmetry, promotes trust, and improves stakeholder cooperation through the use of a shared ledger. Smart contracts enforce pre-established norms and automate compliance, such as confirming the legitimacy of medications and setting off alarms for questionable activity. In addition to preventing fake phar-pharmaceuticals from reaching the market, this strategy improves patient safety by facilitating the quick identification and elimination of bogus prescriptions using a decentralized application.
DOI: 10.14419/d684hb30
Institution: Velammal Educational Trust
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4416827426
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