Medicine Manufacturing Supply Chain Management System Using Blockchain

Abstract

Counterfeit of medicine is major problem for consumer. Though there are more conventional methods for identifying counterfeit of medicine but they lack in security so to overcome this problem we are proposing secure software for medicine manufacturing supply chain management system by using blockchain technology. Blockchain technology is specially used in bitcoin cryptocurrency. It is characterized as an open-source, decentralized, distributed database for storing medicine information. Instead of relying on centralized intermediaries, this technology allows two parties to transact directly using duplicate, linked ledger called blockchain. Supply chain management is collection of activities required to plan, control and execute a products flow, from collecting raw materials and production through distribution to the final customer, in the most smooth and cost effective way possible. Supply Chain is beneficial when consumer or the organizations who want the information about medicine manufacturing at every stage to compare its quality. Confidential information related to medicine manufacturing is not to be unveil is accessible to authorized users.