HCSRL: hyperledger composer system for reducing logistics losses in the pharmaceutical product supply chain using a blockchain-based approach

Abstract

AbstractBlockchain technology uses a secure and decentralised framework for transaction management and data sharing within supply chains. This is particularly crucial in the pharmaceutical industry, where product authenticity and traceability are paramount. Blockchain plays a pivotal role in preventing product loss and counterfeiting, while simultaneously enhancing transparency and efficiency throughout the supply chain. The research introduces a step-by-step approach to implementing a proof-of-concept (PoC) for Supply Chain Risk Management (SCRM) through blockchain technology. This PoC involves simulating a supply chain process to assess feasibility and measure key performance indicators. Engaging stakeholders and gathering feedback is integral to refining the blockchain-based SCRM system. The study rigorously evaluates the performance of the SCRM blockchain across various test scenarios, featuring differing numbers of organizations and clients. Multiple fabric networks are employed to assess the system’s scalability and performance under diverse conditions. The results of these comprehensive tests inform practical deployment decisions and highlight areas for potential optimization and further development. So this research provides valuable insights into the application of blockchain in pharmaceutical supply chains, offering a roadmap for implementation and improving supply chain security, efficiency, and transparency.