Blockchain in pharmaceutical supply chain management
The pharmaceutical industry in Nigeria faces significant challenges in ensuring the authenticity and safety of drugs, with counterfeit products being a major concern. Blockchain technology has the potential to address these challenges by providing a secure and transparent supply chain management system. This research aims to develop a secure blockchain-based supply chain management system for the pharmaceutical industry in Nigeria. The system will utilize blockchain technology to track and verify the movement of drugs throughout the supply chain, from manufacturer to consumer. The research will also examine the current state of supply chain management in the pharmaceutical industry in Nigeria, identify potential security risks, and develop strategies to mitigate these risks.
The use of blockchain technology in supply chain management is a relatively new field, with most research focused on the benefits of blockchain in improving transparency and security. However, there is a growing concern about the potential security risks associated with blockchain-based supply chain management systems. Theoretical frameworks, such as the TOGAF framework, provide a foundation for understanding and addressing security risks in supply chain management. However, there is a need for more research on the use of blockchain technology in supply chain management, particularly in the context of the pharmaceutical industry in Nigeria. The country's unique pharmaceutical landscape, characterized by a mix of formal and informal supply chains, presents both opportunities and challenges for blockchain adoption.
The pharmaceutical industry in Nigeria faces significant challenges in ensuring the authenticity and safety of drugs, with counterfeit products being a major concern. The current state of supply chain management in the industry is characterized by a lack of transparency, inadequate security measures, and a shortage of skilled personnel. The consequences of leaving these problems unaddressed include increased risk of counterfeit products, economic losses, and harm to consumers. The central research question is: How can blockchain technology be used to develop a secure supply chain management system for the pharmaceutical industry in Nigeria?
The pharmaceutical industry in Nigeria faces significant challenges in ensuring the authenticity and safety of drugs, with counterfeit products being a major concern. The current state of supply chain management is characterized by a lack of transparency and inadequate security measures.
Blockchain technology has the potential to improve transparency and security in supply chain management by providing a secure and transparent record of transactions and movement of goods.
Blockchain technology can be used to track and verify the movement of drugs throughout the supply chain, from manufacturer to consumer. The use of blockchain technology can also help to mitigate security risks and improve the overall efficiency of the supply chain.
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