Drug Tracing In Healthcare Supply Chain Using Distributed Ledger Technology

Abstract

The distributed ledger technology, which is fundamentally a form of blockchain technology, is an example of an emergent technology in and of itself. In the context of cryptographic systems, it was conceived of simultaneously with the bitcoin application. The significance of the proposed system's role in the healthcare sector is implied by the fact that it aims to improve efficiency in the healthcare supply chain by incorporating distributed ledger technology. The fact that the chain of distribution of medical supplies involves multiple businesses makes it a complex system. In the context of the medical system, these kinds of issues can be familiar with the creation of fake drugs. Tracing pharmaceuticals is established utilizing technology known as distributed ledgers in order to combat the issues that arise during the manufacturing of drugs and to make the manufacturing process more reliable and transparent. Tracing will be done across the whole healthcare supply chain utilizing distributed ledger technology, also known as blockchain, and all of the players involved will have the ability to readily trace those transactions of pharmaceuticals in order to authenticate the medicine.