Abstract

BLOCKCHAIN TECHNOLOGY FOR COUNTERFIT DRUGS

Ramaish*, Dr. Hemraj Vashist and Shivani Dogra

Abstract

Pharmaceutical Research & Development is a complex process that takes several years from drug discovery to drug development and regulatory approval. When all the method is done and a standard item is created, the following challenge for producers is to provide the item to the aiming client in its unique shape and to guarantee that the client gets the honest to goodness item that's created by the true blue producer, not by counterfeiter. But the current Supply Chain Management (SCM) framework of pharmaceutical industry is obsolete and doesn’t give perceivability and control for producers and administrative specialist over drugs dispersion and it not withstand the 21st century cybersecurity threats. In this study the use of blockchain technology in healthsupervision is explained and pointed out the issues in current pharmaceutical supply chain management and explained how blockchain can be used to add traceability and visibility to drugs supply and overcome the issue of counterfeiting. How the identity mechanism of blockchain works and how is it helpful to exchange medical data while keeping the patient’s private data secrete is explained. We highlight the possible techniques, blockchain types and third-party solutions that can be used to implement a blockchain base supply chain for pharmaceuticals. In the last we explained the working of the suggested organization with an example that shows how the organization will be easily used by different participants. Theblockchain technology have great potential in creating secure and effective healthsupervision ecoorganizations with its inherent unique properties. Overall, blockchain has a wide range of possibilities in healthsupervision, which invites many research opportunities in this space.

Keywords: Blockchain, Counterfit drugs, Cyber Threat, Hash Value, Suppply Chain, Cryptography.