• Menu
    • menu

      About

      • Our Story
      • Awards
      • Standards

      Success Stories

      Insights

      Careers

      Locations

      • Turkey, Ankara Next Level
      • Turkey, Ankara Technopark
      • UK, Warwick
      • Qatar, Doha
      • Saudi Arabia, Riyadh

      Products

      • Healthcare Interoperability
        • FHIR Stack
        • Master Data Management
        • Terminology Service
        • HIE Viewer
      • Patient Engagement
        • Personal Health Record
        • E-Appointment
        • E-Referral
      • Pharma Management
        • Central E-Prescription
        • E-Pharmacy
        • Drug Management
        • Oncolab
      • Population Health Management
        • Disease Management
        • Health Analytics
      • Drug Traceability
        • DrugXafe – Drug Track&Trace
        • DrugXafe Mobile App
        • Aggregation Management
      • Electronic Medical Record System (EMR)
        • Clinical Solutions
        • Administration Solutions
      • Personalized Healthcare
        • Closer – Elderly Smart Home
        • Cplayer – CP Children
Search
START TYPING AND PRESS ENTER TO SEARCH
  • About Us
  • Insights
  • Success Stories
  • Careers
  • Contact Us
  • Healthcare Interoperability
    • HIE Viewer
    • FHIR Stack
    • Master Data Management
    • Terminology Service
  • Patient Engagement
    • Patient Portal
    • eAppointment
    • E-Referral
  • Pharma Management
    • E-Prescription
    • E-Pharmacy
    • Drug Management
    • Oncolab
  • Population Health
    • Disease Management
    • Health Analytics
  • Drug Traceability
    • Aggregation Management
    • DrugXafe-Drug Track&Trace
    • DrugXafe Mobile App
  • Electronic Medical Record System (EMR)
    • Clinical Solutions
    • Administration Solutions
  • Personalized Healthcare
    • Closer
    • CPlayer
Search
  • Menu
    • menu

      About

      • Our Story
      • Awards
      • Standards

      Success Stories

      Insights

      Careers

      Locations

      • Turkey, Ankara Next Level
      • Turkey, Ankara Technopark
      • UK, Warwick
      • Qatar, Doha
      • Saudi Arabia, Riyadh

      Products

      • Healthcare Interoperability
        • FHIR Stack
        • Master Data Management
        • Terminology Service
        • HIE Viewer
      • Patient Engagement
        • Personal Health Record
        • E-Appointment
        • E-Referral
      • Pharma Management
        • Central E-Prescription
        • E-Pharmacy
        • Drug Management
        • Oncolab
      • Population Health Management
        • Disease Management
        • Health Analytics
      • Drug Traceability
        • DrugXafe – Drug Track&Trace
        • DrugXafe Mobile App
        • Aggregation Management
      • Electronic Medical Record System (EMR)
        • Clinical Solutions
        • Administration Solutions
      • Personalized Healthcare
        • Closer – Elderly Smart Home
        • Cplayer – CP Children
Search
START TYPING AND PRESS ENTER TO SEARCH
  • About Us
  • Insights
  • Success Stories
  • Careers
  • Contact Us
  • Healthcare Interoperability
    • HIE Viewer
    • FHIR Stack
    • Master Data Management
    • Terminology Service
  • Patient Engagement
    • Patient Portal
    • eAppointment
    • E-Referral
  • Pharma Management
    • E-Prescription
    • E-Pharmacy
    • Drug Management
    • Oncolab
  • Population Health
    • Disease Management
    • Health Analytics
  • Drug Traceability
    • Aggregation Management
    • DrugXafe-Drug Track&Trace
    • DrugXafe Mobile App
  • Electronic Medical Record System (EMR)
    • Clinical Solutions
    • Administration Solutions
  • Personalized Healthcare
    • Closer
    • CPlayer
Search
Categories
  • Blog
  • Drug Traceability
Tags
  • blockchain
  • clean supply chain
  • drug track and trace
  • supply chain
  • Home
  • Insights

Insights

Why Blockchain Is Crucial in Pharma Supply Chain?

Why Blockchain Is Crucial in Pharma Supply Chain?


Blockchain can help create a more modern pharmaceutical industry by adding privacy, transparency and traceability elements to the healthcare industry. Blockchain also supports the development of industry laws, practices and global regulations.



Effective supply chain management is one of the biggest problems faced by all industries. However, since the supply chain in the health sector can directly affect patient safety, the risk factor is much higher than other industries. With globalization, it has become more complex to create a healthy supply chain in an industry where many different technologies are integrated and where multiple stakeholders are present.


The pharmaceutical supply chain stands out in damaged parts of the health supply chain. Surveys show that the worldwide pharmaceutical market will exceed 1.5 trillion dollars in 2023. According to the report of the OECD, counterfeit drugs make up 3.3 percent of the drug trade market worldwide. Experts estimate that selling counterfeit drugs is twice the legitimate drug trade, and this is a huge problem.


Thanks to its transparent, unchanging, and auditable nature, the drug blockchain has a great potential to increase the security, integrity, data source and functionality of the supply chain. Blockchain-focused companies can reduce counterfeiting and theft incidents as well as a much more effective stock management. Health units such as Red Crescent and USAID, which provide services worldwide, also aim to monitor the distribution of drugs donated from different countries.


Pharma Supply Chain Provides Innovative Solution


Visibility: Lack of visibility leads to an increase in issues such as counterfeits and drug shortages. Patients, vendors and regulators do not know where and by what production procedure the drugs are produced. However, if the drug is contaminated during the production phase, the supplier may be requested to clarify the issue due to lack of transparency.


Regulatory Compliances: All steps from drug production to distribution must be carried out in accordance with the pharmaceutical supply chain regulations. To adapt to these boards, it is necessary to deal with long paperwork and these processes take a lot of time. Therefore, significant changes need to be made to meet traceability standards.


Cold-Chain Shipping: Most of the top-selling drugs around the world are very sensitive and require cold-chain shipping. As an example, we can show that drugs are stored in an environment where temperature can be controlled. Keeping medicines cold is one of the most fundamental parts of the supply chain that connects pharmaceutical manufacturers and patients. However, keeping basic information about cold-chain shipping in central databases is open to manipulation and data theft. In addition, up-to-date software is not capable of tracking the supply chain from start to finish.


In blockchain-enabled pharma supply chain solution, stakeholders that can be involved in the distribution of drugs are as follows: Manufacturers, logistics providers, distributors, pharmacy, and patient.


• Manufacturers produce the drugs and add QR code to them


• Distributors send the drugs to pharmacies


• Pharmacies receive the drugs and verify its source


• Patients buy the drugs and scan the QR code to trace back its source


Benefits of Blockchain’s Implementation in Healthcare


• End-to-end traceability of health products


• Reduced losses related to counterfeiting


• Transparency to enhance accountability


• Efficient recall management


In addition, you can get detailed information about E-Appointment Systems in Healthcare by reading our article titled Benefits of E-Appointment Systems in Healthcare See you on different topics.


Source: https://bit.ly/3ttG7Dn

Insights


  • The Role of Tech in Chronic Disease Management
    25 June 2021 0
  • What Serialization Means for Pharma Manufacturing
    24 June 2021 0
  • Essential Patient Engagement Strategies
    23 June 2021 0
  • What Is Personalized Medicine and Why Is It Important?
    22 June 2021 0
  • Why Is Healthcare Management Crucial?
    21 June 2021 0
  • The Importance of FHIR Standard
    18 June 2021 0
  • Tips for Securing Private Health Data
    17 June 2021 0
  • The Future of Home Care Services and Technologies
    15 June 2021 0
  • The Difference Between Saas and Hosted EHR Solutions
    14 June 2021 0
  • The Role of Digital Transformation in Healthcare
    11 June 2021 0

Tags

  • aggregation management
  • AI
  • artificial intelligence
  • blockchain
  • Cerebral Palsy
  • chronic disease managemet
  • clean supply chain
  • counterfeit drugs
  • counterfeit medicine
  • CP
  • CP rehabilitation
  • data aggregation
  • data privacy
  • digital healthcare ecosystem
  • digital transformation in healthcare
  • disease management
  • drug error
  • drug recall
  • drug track and trace
  • e pharmacy
  • e-appointment
  • EHR
  • electronic health records
  • eprescrition
  • FHIR
  • GDPR
  • health analytics
  • health information exchange
  • healthcare analytics
  • healthcare interoperability
  • healthcare management
  • healthcare technology
  • HIE
  • HIPAA
  • HL7
  • home care services
  • home care technologies
  • Hosted EHR solutions
  • Internet of Things
  • interoperability
  • IoT
  • İTS
  • mHealth
  • micro patient engagement
  • mobile health
Share

Related posts

25 June 2021

The Role of Tech in Chronic Disease Management


Read more
24 June 2021

What Serialization Means for Pharma Manufacturing


Read more
23 June 2021

Essential Patient Engagement Strategies


Read more
Tiga Helath

© 2021 Tiga Health. All Rights Reserved.

Privacy Policy | Terms of Use

    

Who We Are

About Us

Careers

Insights

Success Stories

Products

Healthcare Interoperability

Patient Engagement

Pharma Management

Population Health

Drug Traceability

Personalized Healthcare

Locations

Turkey, Ankara Next Level

Turkey, Ankara Technopark

UK, Warwick

Qatar, Doha

Saudi Arabia, Riyadh

© 2021 Tiga Health. All Rights Reserved.