Manufacture and Registration of Products in Healthcare Supply Chain Using NFTs

Abstract

The healthcare industry grapples with numerous challenges related to the authenticity, traceability, and integrity of products, particularly pharmaceuticals, within its supply chain. Counterfeit drugs, diversion, and tampering are rampant issues that not only jeopardize patient safety but also undermine the credibility of the entire healthcare ecosystem. Blockchain technology, with its inherent characteristic of immutability and transparency, coupled with Non-Fungible Tokens (NFTs), offers a promising solution to combat these challenges. This paper primarily focuses on the registration process of pharmaceutical products. The proposed work of this paper contains multiple access controls for different smart contracts. By leveraging the blockchain's distributed ledger, each transaction and interaction within the supply chain can be recorded securely. NFTs, as unique digital assets, can be used to represent individual pharmaceutical products or batches, ensuring their authenticity and enabling seamless traceability. Moreover, the integration of smart contracts in a blockchain-based system can automate the compliance process, ensuring adherence to regulatory standards at each stage of the product's registration process with ownership details.