Use of Blockchain in Medical Supply and Pharmacy

Abstract

Blockchain technology has the potential to revolutionize the way medical supplies and pharmaceuticals are tracked and managed. By utilizing a decentralized and tamper-proof digital ledger, blockchain can ensure the authenticity and integrity of medical products throughout the supply chain. This can help to prevent counterfeit drugs from entering the market and protect patients from the dangers of fake or expired medicines. Additionally, blockchain can be used to improve efficiency and transparency in the supply chain by enabling real-time tracking and traceability of products. This can help to reduce costs, improve inventory management, and increase customer confidence in the quality and safety of medical products. Overall, blockchain has the potential to improve the safety and quality of medical supplies and pharmaceuticals, and to increase trust and confidence in the healthcare system.