January 2025
Intermediate to advanced
592 pages
20h 25m
English
book
Blockchain-Enabled Solutions for the Pharmaceutical Industry
by Ritika Wason, Parul Arora, Parma Nand, Vishal Jain, Vinay Kukreja
Content preview from Blockchain-Enabled Solutions for the Pharmaceutical Industry
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7Transforming the Pharmaceutical Supply Chain with Blockchain
K. Vidhya Lakshmi1* and S. Thanga Ramya2
1Vel Tech Multi Tech Dr. Rangarajan Dr. Sakunthala Engineering College, Chennai, Tamil Nadu, India
2RMK Engineering College, Chennai, India
Abstract
The integration of cutting-edge technologies is driving a fundamental revolution in the pharmaceutical business. Blockchain stands out among these as a transformative force that can completely alter the supply chain industry. This chapter will examine the ways in which blockchain-enabled solutions are transforming the pharmaceutical sector, tackling major issues, and opening up fresh avenues for efficiency, traceability, and transparency. One system study is discussed for enhancing security and privacy using the Merkle tree and hash chain. This chapter uses cloud knowledge and some cryptographic techniques in the pharma industry [6]. Several case studies are also given in this chapter. Integrity verification is essential to cloud systems because it ensures the reliability and validity of outsourced data. The hybrid approach for safe and efficient integrity checking shown in this abstract combines the best features of the Merkle tree and hash chain algorithms (MH). By employing the Merkle tree structure to create a hierarchical tree of hash values, large datasets can be verified efficiently. The hash chain algorithm sequentially and concurrently ensures data integrity by repeatedly applying a hash function. By utilizing the sequential ...
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