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Smart contract diffusion in the pharmaceutical blockchain: the battle of counterfeit drugs

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  • Kordestani, Arash
  • Oghazi, Pejvak
  • Mostaghel, Rana

Abstract

Counterfeit drugs have long been a major concern. In search of a solution, this study conducted a systematic literature review. Using an automated content analysis of pharmaceutical blockchains, this study identifies the (1) unique characteristics of smart contracts on blockchain platforms in the pharmaceutical supply chain, (2) role of smart contracts to combat counterfeit drugs, and (3) avenues for future studies. Theoretical and managerial implications are discussed at the end of this paper.

Suggested Citation

  • Kordestani, Arash & Oghazi, Pejvak & Mostaghel, Rana, 2023. "Smart contract diffusion in the pharmaceutical blockchain: the battle of counterfeit drugs," Journal of Business Research, Elsevier, vol. 158(C).
    • Handle: RePEc:eee:jbrese:v:158:y:2023:i:c:s0148296323000048
    DOI: 10.1016/j.jbusres.2023.113646
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    References listed on IDEAS

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    1. Mostaghel, Rana & Oghazi, Pejvak & Parida, Vinit & Sohrabpour, Vahid, 2022. "Digitalization driven retail business model innovation: Evaluation of past and avenues for future research trends," Journal of Business Research, Elsevier, vol. 146(C), pages 134-145.
    2. Toorajipour, Reza & Sohrabpour, Vahid & Nazarpour, Ali & Oghazi, Pejvak & Fischl, Maria, 2021. "Artificial intelligence in supply chain management: A systematic literature review," Journal of Business Research, Elsevier, vol. 122(C), pages 502-517.
    3. Kshetri, Nir, 2021. "Blockchain and sustainable supply chain management in developing countries," International Journal of Information Management, Elsevier, vol. 60(C).
    4. Tandon, Anushree & Kaur, Puneet & Mäntymäki, Matti & Dhir, Amandeep, 2021. "Blockchain applications in management: A bibliometric analysis and literature review," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    5. Pejvak Oghazi & Fakhreddin Fakhrai Rad & Stefan Karlsson & Darek Haftor, 2018. "RFID and ERP systems in supply chain management," European Journal of Management and Business Economics, Emerald Group Publishing Limited, vol. 27(2), pages 171-182, April.
    6. Heongu Lee & Changhak Yeon, 2021. "Blockchain-Based Traceability for Anti-Counterfeit in Cross-Border E-Commerce Transactions," Sustainability, MDPI, vol. 13(19), pages 1-20, October.
    7. Cornelius Chidubem Agbo & Qusay H. Mahmoud, 2020. "Blockchain in Healthcare: Opportunities, Challenges, and Possible Solutions," International Journal of Healthcare Information Systems and Informatics (IJHISI), IGI Global, vol. 15(3), pages 82-97, July.
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    Cited by:

    1. Miozza, Mario & Brunetta, Federica & Appio, Francesco Paolo, 2024. "Digital transformation of the Pharmaceutical Industry: A future research agenda for management studies," Technological Forecasting and Social Change, Elsevier, vol. 207(C).

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