Supply Chain for Pharma Network using Blockchain & QR Code Technology
Authors: Mayuri M. Pagar, Khagendra C. Patil, Shaurya R. Gangurde, Shreyas R. Nagare
Blockchain technology has wider scope in the financial tech fields, pharmacies and food industries. Blockchain technology is decentralised distributed ledger that provides the transparency, immutability and reliability in the network. In this project, we are integrating the Blockchain technology with pharma supply chain process for reliable supply chain process. It records all the information in the form of smart contract from manufacturer to the customer.
In the field of finance, blockchain technology was recently developed to offer a secure, consensus-based, and irreversible environment. In certain contexts, trust and transparency are essential, and blockchain arrives to save the day. Pharmaceutical information must need to transmit data to multiple parties with accuracy. Like prescription medications, Blockchain technology makes it possible to see and track supply chains, providing Producers with comprehensive information to consumers. Nowadays, big manufacturers collect and handle data, and pharmacies misuse their centrally located systems. A lot of current strategies and techniques make pharmaceutical data to be maintained and grouped between the tending provider and other parties involved.
In the traditional supply chain process stakeholders cannot trust each other because there is no any trustworthy document verified by them but, in Blockchain data can be stored by mining a block by number of miners, so there is the transparency between the stakeholders.
Keywords: Blockchain Technology, Smart Contract, Pharma Supply Chain
Paper Id: 230394
Published On: 2023-11-21
Published In: Volume 11, Issue 6, November-December 2023
Cite This: Supply Chain for Pharma Network using Blockchain & QR Code Technology - Mayuri M. Pagar, Khagendra C. Patil, Shaurya R. Gangurde, Shreyas R. Nagare - IJIRMPS Volume 11, Issue 6, November-December 2023.