A Novel Counterfeit-proof, Traceable, and Cost efficient Drug Supply Chain using Ethereum Blockchain

Abstract

The integrity and efficiency of drug supply chain management represents pivotal concerns in contemporary pharmaceutical discourse. It is imperative to design innovative solutions that can overcome the existing challenges of drug supply chain such as, counterfeit drugs, supply chain vulnerabilities, and regulatory complexities. In response, this research explores the transformative potential of blockchain technology in fortifying and optimizing drug supply chain operations. The proposed Ethereum blockchain-based solution has procedure to avoid counterfeit drugs, and to trace the journey of drug. Our framework promises to engender trust, enhance regulatory oversight, and safeguard public health interests. We have conducted the security and cost analysis of executed smart contract to evaluate the effectiveness of contract.