How Does Blockchain In Pharma Industry Work?
The Pharmaceutical distribution chain in this 21 st century has grown immensely, but still lagging behind in technologies and management systems to simplify the process. Hence blockchain can provide, significant benefits. Blockchain in the Pharma industry provides real-time information to all the users in the supply chain to prevent fraud and to enhance patient safety. Working of Blockchain in Pharma industry Manufacturer Adds QR code Once the Drug is manufactured the manufacturer will add the QR code to it, which contains item name, item stamp, location, manufacturing, and expiry date. Then that information will be stored on Blockchain, enabling stakeholders to track those drugs transparently with a hash ID added to the blockchain. After that, the drug will be shipped with a temperature sensor to the distributors via IoT-enabled vehicles to enable cold-chain shipping. This vehicle also sends the real-time location to the blockchain, which enables stakeholders an...