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Combating Counterfeit Drugs: A quantitative analysis on cracking down the fake drug industry by using Blockchain technology

机译:打击假冒药品:使用区块链技术打击假冒药品行业的定量分析

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India, a global leader in manufacturing and the largest supplier of cost-effective generic drugs around the world, especially to the African countries under the United Nations aid, is facing a widespread fake drug epidemic. One of the major reasons behind this is the unregulated and complex drug supply chain. When a drug consignment change ownership from manufacturer to distributor and then to the wholesaler, no information is exchanged between the parties. We lack adequate auditability and transparency of the original source of drugs. Consequences include counterfeit drug problem, inefficient recall process of the drugs and lack of trust. By putting the entire drug supply chain of India on Blockchain, we propose to perform a quantitative analysis on leveraging unique blockchain properties like authenticity, accountability, and ability to handle sensitive information to solve India's counterfeit drugs problem permanently. It will strengthen the supply chain and will introduce the much-needed transparency of transactions and quality assurance by tracking a drug through its entire lifecycle from the extraction of raw materials to the patient taking the drug. Along with this, smart contracts can be deployed which will provide automation, trust, and security to the system. Smart contracts are digital protocols that can be programmed to perform a task when a particular goal is reached without any intervention of a third party and can facilitate services like automatic payments, quality control, and trust between stakeholders.
机译:印度是制造业的全球领导者,并且是世界上最具成本效益的仿制药的最大供应商,特别是在联合国的援助下向非洲国家提供的这种仿制药正面临着广泛的假药流行。其背后的主要原因之一是不受监管的复杂药品供应链。当药品托运人将所有权从制造商更改为分销商,然后再更改为批发商时,双方之间不会交换任何信息。我们缺乏足够的可审核性和原始药物来源的透明度。后果包括假冒药品问题,无效的药品召回过程和缺乏信任。通过将印度的整个药品供应链放在区块链上,我们建议对独特的区块链特性(如真实性,责任感和处理敏感信息的能力)进行定量分析,以永久解决印度的假药问题。通过追踪药物从原料提取到服用药物的整个生命周期中的整个过程,它将加强供应链,并引入急需的交易透明度和质量保证。与此同时,可以部署智能合约,这将为系统提供自动化,信任和安全性。智能合约是可以被编程为在达到特定目标时执行任务的数字协议,而无需第三方的任何干预,并且可以促进诸如自动付款,质量控制和利益相关者之间的信任之类的服务。

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