Vol. 1 No. 03 (2024): Blockchain Based Pharmaceutical Supply Chain Management System

Abstract—Thisinitiativewilluseblockchaintechnologyto addressissues and inefficiencies in the pharmaceutical supply chain. The traditional pharmaceutical supply chain is vulnerable to problems such as counterfeiting, data inconsistencies, and a lack of transparency. The suggested solution makes use of a decentralized and transparent blockchain technology to improve the overall traceability, security, and efficiency of the supply chain.

The solution uses smart contracts to automate and enforce presetbusinessrules,loweringtheriskofmistakesandfraud. Each transaction,from medicine manufacturetodistribution and retail, issecurelydocumented inanimmutableledger to provide a tamper-proof and genuine record. This degree of openness gives stakeholders, including as producers, distributors, and pharmacies, real-time information on the status and placement of pharmaceuticals.

Keywords—Counterfeiting, Data Inconsistencies,Lack of transperency,Decentralized,Traceability,Security,Efficieny

,SmartContracts,Automation,Fraudprevention,Immutable ledger,Tamper-proof.