Blockchain and AI in Pharmaceutical Supply Chain

Piyush Bhalerao; Jatin Shinde; Aditya Ghodke; Professor Supriya Balote

Blockchain and AI in Pharmaceutical Supply Chain

Author : Piyush Bhalerao, Jatin Shinde, Aditya Ghodke, Professor Supriya Balote Journa Name: INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH AND ENGINEERING TRENDS Country : India Volume: 10 issue: 3 Year: 2024 Views : 559

Abstract:

Presently, the widespread issue of counterfeit drugs poses a significant threat, fuelled by a lack of transparency in the pharmaceutical system and challenges in investigating supply chain tampering. Our innovative solution combines the power of Blockchain and AI. Blockchain, as a decentralized ledger, ensures transparent and immutable recording of transactions, providing a robust solution to combat counterfeit medicines. In parallel, AI in pharmacology enhances customer service, fosters loyalty, and facilitates seamless access to medical intelligence via the blockchain. This paper introduces a system leveraging both technologies to ensure the secure supply of medical drugs throughout the supply chain. By adopting an event request-response framework, authenticated entities can transmit each product along the chain, reducing the problems brought on by phony medications and unethical business activities.