PHARMACEUTICAL SUPPLY CHAIN TRACKING SYSTEM BASED ON BLOCKCHAIN TECHNOLOGY AND RADIO FREQUENCY IDENTIFICATION TAGS

Poorva Dangayach, University of Houston, Houston, Texas, U.S.A.

Published in

INTERNATIONAL JOURNAL OF BUSINESS RESEARCH
Volume 19, Issue 4, p37-44, December 2019

ABSTRACT

Contamination of pharmaceutical products, though infrequent, can lead to significant financial losses and risk to patients. Large-scale plant shutdowns tend to be rare given that manufacturers must comply with strict government regulations set by the FDA. Nonetheless, contamination can result from issues in manufacturing, raw materials, environmental sources, cleaning equipment, packaging, containers used, processing, storage, and transportation. In this paper, we discuss the utilization and development of Blockchain technology and Radio-Frequency Identification (RFID) in industry, and then we analyze the advantages of such technology in pharmaceutical supply chain traceability systems; Last, we explore implementation of such processes in this highly regulated system. Through the use of Blockchain technology and Radio-Frequency Identification (RFID), record keeping, and tracking becomes easy as the product information can be accessed rapidly. This type of accurate tracking can be used to detect problems in any part of the supply chain and mitigate potential losses.

Keywords

Contamination; Pharmaceutical; Food and Drug Administration (FDA); Radio Frequency Identification (RFID); Blockchain Technology; Supply Chain; Suppliers; Manufacturers; Warehouses; Distributors; Retailer; Active Primary Ingredients (APIs); Bitcoin; Blocks


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