Reducing Counterfeit Drugs with Blockchains: A Survey

Abstract

Blockchain (BC) technology has revealed unusual opportunities to reduce fraud in the pharmaceutical, food and electrical equipment's, industries. Specifically, the attractive features of blockchain technology, such immutability, decentralization, distribution, and transparency, can address the issues of trustless between parties, tracking and monitoring all processes of drugs supply chain. Several research studies show that blockchain solutions help to reduce drugs counterfeiting and improve the process of monitoring and tracking all stage of supply chain, a comprehensive survey on this topic is lacking. In this survey, we provide insights into the adoption of blockchain technology to prevent counterfeiting in pharmaceutical industry, thus contributing to the improvement and management of drugs supply chain systems.