Trends and Evolution of Blockchain-Based Pharmaceutical Supply Chain Management Systems

Synopsis

This research explores the evolution of blockchain technology in pharmaceutical supply chain management (PSCM), emphasising its potential to address cybersecurity threats and counterfeit drugs. Blockchain’s transparency, immutability, and other features make it an ideal solution for PSCM. A systematic review of various blockchain platforms, including Hyperledger and Ethereum frameworks, highlights the trends and applications over time, particularly around the COVID-19 pandemic. The study identifies key developments including the rise of decentralised applications and the integration of blockchain with the Internet of Things, artificial intelligence, and machine learning. Despite its growing use, challenges like immutability remain a concern for PSCM stakeholders.