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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20Blockchain-Based Drug Recall Management
Manoj Kumar Mahto1*, Durgesh Srivastava2 and Jabar H. Yousif3
1Vignan Institute of Technology and Science, Deshmukhi, Hyderabad, Telangana, India
2Chitkara Institute of Engineering and Technology, Chitkara University, Punjab, Rajpura, India
3Faculty of Computing and Information Technology, Sohar University, Sohar, Oman
Abstract
A novel approach identified as “blockchain-based drug recall management” addresses a long-standing problem with the way the pharmaceutical industry replaces medicines. This chapter encourages blockchain technology as an effective approach to the problems that present-day systems have, such as taking additionally long to respond, not being clear, and expressing concerns about patient safety. The decentralized and unaltered record of blockchain technology might render the method of recall much more reliable and effective. It talks about the technical aspects of employing blockchain technology and how it could make the entire pharmaceutical supply chain more open, from the companies creating the drugs to the companies that offer them to doctors. It shows through interesting real-world instances how smart contracts may be used to automate recall processes and make sure that safety problems are solved quickly and correctly. It also discusses the privacy and rule problems that might stop blockchain from being utilized in the pharmaceutical industry. This gives practitioners, researchers, and other stakeholders beneficial ...
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