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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11Enabling Transparent Supply to Build a Next-Generation Supply Chain
Harpreet Kaur Channi1, Ramandeep Sandhu2* and Pulkit Kumar1
1Department of Electrical Engineering, Chandigarh University, Gharuan, Mohali, Punjab, India
2School of Computer Science and Engineering, Lovely Professional University, Punjab, India
Abstract
Innovations in technology and changes in customer expectations are causing a sea change in the conventional supply chain model, which is moving toward more openness and responsibility. Through the use of cutting-edge technology and cooperative structures, this abstract lays out a plan to construct a supply chain of the future that is marked by openness, accountability, and longevity. Embedded in this revolution is the idea of enabling transparent supply, which comprises utilizing new technologies like blockchain, IoT, and AI to build a supply chain network that is both efficient and open to scrutiny. The underlying infrastructure for allowing transparent supply is provided by blockchain technology, which has an immutable and decentralized ledger. From the procurement of raw materials to the delivery of finished items to the customer, blockchain technology records every transaction and movement of commodities on a distributed ledger, making the whole supply chain transparent and traceable. Internet of Things (IoT) device integration improves supply chain visibility and real-time tracking even further. In order to facilitate proactive decision-making and risk ...
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