INNOVATION IN PHARMACEUTICAL
INDUSTRY
BY BLOCK CHAIN
Presented by Group 7
GROUP 7
ALI HUSSAIN (5007)
MUHAMMAD HASNIAN LIAQAT (5008)
MUHAMMAD DANIYAL RIZWAN (5016)
BURHAM AHMED (5031)
MUHAMMAD AHMAD IFTIKHAR (5074)
SHAHROZ AZAM (5075)
AIMS OF BLOCK CHAIN CONCEPT IN
PHARMA INDUSTRY
• Hording of stock
• Cost management/reduction of MRP(Maximum retail price)
• Black market
• No legal framework for trace and track
• Pharmaceutical Mafias
• Lack of education of pharma business infrastructure handlers
• No check and balance by govt. authorities
• companies can fight against counterfeit and poor-quality drugs
• Lack of digitalization
Retail End
Raw Material Manufacturer Distributor Whole Saler
Pharmacy Consumers
BLOCK CHAIN TECHNOLOGY OFFERS
SEVERAL BENEFITS FOR IMPROVING
PHARMACEUTICAL SUPPLY CHAINS:
1. Transparency and Traceability
2. Enhanced Security
3. Efficient Data Sharing
4. Smart Contracts
5. Authentication and Verification
6. Supply Chain Optimization
TRANSPARENCY
AND
TRACEABILITY:
Blockchain provides an
immutable ledger where
transactions are recorded in a
decentralized manner. This
transparency ensures that
every step in the supply
chain, from manufacturing to
distribution, can be traced and
verified. It helps prevent
counterfeit drugs and ensures
product authenticity.
ENHANCED
SECURITY:
Blockchain’s
cryptographic features
make it highly secure.
Each transaction is linked
to the previous one,
creating a chain of
blocks. Once data is
added, it cannot be
altered without
consensus from the
network. This prevents
unauthorized access and
tampering.
EFFICIENT DATA
SHARING:
Supply chains involve
multiple stakeholders
(manufacturers,
distributors, regulators,
etc.). Blockchain enables
secure data sharing among
these parties without
relying on intermediaries.
Real-time updates and
visibility improve
coordination and reduce
delays.
SMART
CONTRACTS:
Blockchain supports
smart contracts—self-
executing agreements
triggered by predefined
conditions. In the
pharmaceutical industry,
smart contracts can
automate processes like
payment settlements,
quality checks, and
compliance.
AUTHENTICATION
AND
VERIFICATION:
Blockchain allows easy
verification of drug
authenticity. Each product
can have a unique digital
identifier (e.g., QR code)
linked to its blockchain
record. Patients,
pharmacists, and regulators
can verify the product’s
origin and quality.
SUPPLY CHAIN
OPTIMIZATION:
By streamlining
processes and reducing
paperwork, blockchain
enhances supply chain
efficiency. It minimizes
paperwork, reduces
administrative costs, and
accelerates product
recalls if needed.
OTHER CORRELATED
AREAS WITH BLOCK
CHAIN
OTHER RELATED OPPORTUNITIES THAT CAN
ENHANCE EFFICIENCY OF SUPPLY CHAIN
Health care affiliation
E-Prescription (Record of patient)
Block chain integrated transaction
Automated
Vending
machines
in
hospitals
This concept is
Under Trail
IBM, WALMART, AND THE FDA
COLLABORATION:
I. IBM, KPMG, Merck, and Walmart teamed up
to create a proof-of-concept blockchain
network in partnership with the US Food
and Drug Administration (FDA).
II. The pilot program is tied to the US Drug
Supply Chain Security Act (DSCSA) and
aims to improve the security and traceability
of prescription drugs.
III. Using this proposed blockchain network, they
address gaps in the current drug supply chain
process, including tracking inventory, data
accuracy, and product integrity.
