IDEAS home Printed from https://ideas.repec.org/a/spr/snopef/v4y2023i2d10.1007_s43069-023-00221-8.html
   My bibliography  Save this article

Assessment of Blockchain Technology as Remedy to Counterfeit Drugs Problem in Pharmaceutical Supply Chain and Implementation Approach

Author

Listed:
  • Pulkit Thakuriya

    (Maruti Suzuki India Limited)

  • Sumeet Kaur

    (FORE School of Management)

  • Vinaytosh Mishra

    (Gulf Medical University)

Abstract

Counterfeit drugs are a major problem in the pharmaceutical industry. It is a major threat to the healthcare sector as it not only causes many deaths but also leads to losses for the economy every year. The study investigates the protentional of blockchain technology to address this issue and propose a framework for its implementation. The study uses systematic literature review to identify requirement for management of counterfeit drugs and technology features of blockchain. Further, Task Technology Fit (TTF) framework was applied to evaluate the fit of the blockchain characteristics with the healthcare supply chain. Finally, using Decision-Making Trial and Evaluation Laboratory (DEMATEL) analysis the critical factors were identified along with the classification of blockchain features in the cause-and-effect group. The result of analysis suggests that blockchain technology is fit for addressing the problem of counterfeit drugs as its features address major requirement for the same. The results show that secure data transaction with the highest D + R value of 11.437 is the most important factor for the adoption of blockchain as it shows the highest relationship with the other factors. Moreover, only two factors, decentralization and data recording, have positive values for D-R which implies that these two are the causal factors and can affect the other factor. This means, for the adoption of the blockchain in the pharmaceutical supply chain, these two factors are majorly responsible, and they can be used to change the value and effectiveness of the other factors. The study is one of a kind and provides descriptive and prescriptive approach for implementation of blockchain for addressing the counterfeit drug problem in pharmaceutical supply chain. The findings of the study are useful for supply chain planners and public health professionals.

Suggested Citation

  • Pulkit Thakuriya & Sumeet Kaur & Vinaytosh Mishra, 2023. "Assessment of Blockchain Technology as Remedy to Counterfeit Drugs Problem in Pharmaceutical Supply Chain and Implementation Approach," SN Operations Research Forum, Springer, vol. 4(2), pages 1-16, June.
    • Handle: RePEc:spr:snopef:v:4:y:2023:i:2:d:10.1007_s43069-023-00221-8
    DOI: 10.1007/s43069-023-00221-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43069-023-00221-8
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43069-023-00221-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Chang, Shuchih Ernest & Chen, Yi-Chian & Lu, Ming-Fang, 2019. "Supply chain re-engineering using blockchain technology: A case of smart contract based tracking process," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 1-11.
    2. Lukman Adewale Ajao & James Agajo & Emmanuel Adewale Adedokun & Loveth Karngong, 2019. "Crypto Hash Algorithm-Based Blockchain Technology for Managing Decentralized Ledger Database in Oil and Gas Industry," J, MDPI, vol. 2(3), pages 1-26, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Satyananda Swain & Manas Ranjan Patra, 2024. "A Distributed Software Agent-centric Framework for Supply Chain Networks Empowered by Blockchain: Insights into Smart Contracts," SN Operations Research Forum, Springer, vol. 5(2), pages 1-27, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2021. "Sustainable Supply Chains with Blockchain, IoT and RFID: A Simulation on Order Management," Sustainability, MDPI, vol. 13(11), pages 1-23, June.
    2. Su, Dan & Zhang, Lijun & Peng, Hua & Saeidi, Parvaneh & Tirkolaee, Erfan Babaee, 2023. "Technical challenges of blockchain technology for sustainable manufacturing paradigm in Industry 4.0 era using a fuzzy decision support system," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    3. Liu Jiaguo & Zhang Huimin & Zhao Huida, 2021. "Blockchain Technology Investment and Sharing Strategy of Port Supply Chain Under Competitive Environment," Journal of Systems Science and Information, De Gruyter, vol. 9(3), pages 280-309, June.
    4. Teck Ming Tan & Saila Saraniemi, 2023. "Trust in blockchain-enabled exchanges: Future directions in blockchain marketing," Journal of the Academy of Marketing Science, Springer, vol. 51(4), pages 914-939, July.
    5. Shuchih Ernest Chang & Hueimin Louis Luo & YiChian Chen, 2019. "Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit," Sustainability, MDPI, vol. 12(1), pages 1-16, December.
    6. Kangning Zheng & Zuopeng Zhang & Jeffrey Gauthier, 2022. "RETRACTED ARTICLE: Blockchain-based intelligent contract for factoring business in supply chains," Annals of Operations Research, Springer, vol. 308(1), pages 777-797, January.
    7. Ji Jiang & Jin Chen, 2021. "Framework of Blockchain-Supported E-Commerce Platform for Small and Medium Enterprises," Sustainability, MDPI, vol. 13(15), pages 1-14, July.
    8. Zheng, Shiyuan & Jiang, Changmin, 2024. "Consortium blockchain in Shipping: Impacts on industry and social welfare," Transportation Research Part A: Policy and Practice, Elsevier, vol. 183(C).
    9. Friedman, Nicola & Ormiston, Jarrod, 2022. "Blockchain as a sustainability-oriented innovation?: Opportunities for and resistance to Blockchain technology as a driver of sustainability in global food supply chains," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    10. Niloofar Etemadi & Pieter Van Gelder & Fernanda Strozzi, 2021. "An ISM Modeling of Barriers for Blockchain/Distributed Ledger Technology Adoption in Supply Chains towards Cybersecurity," Sustainability, MDPI, vol. 13(9), pages 1-28, April.
    11. Summer K. Mohamed & Sandra Haddad & Mahmoud Barakat & Bojan Rosi, 2023. "Blockchain Technology Adoption for Improved Environmental Supply Chain Performance: The Mediation Effect of Supply Chain Resilience, Customer Integration, and Green Customer Information Sharing," Sustainability, MDPI, vol. 15(10), pages 1-20, May.
    12. Abderahman Rejeb & John G. Keogh & Suhaiza Zailani & Horst Treiblmaier & Karim Rejeb, 2020. "Blockchain Technology in the Food Industry: A Review of Potentials, Challenges and Future Research Directions," Logistics, MDPI, vol. 4(4), pages 1-26, October.
    13. Francesco Mercuri & Gaetano della Corte & Federica Ricci, 2021. "Blockchain Technology and Sustainable Business Models: A Case Study of Devoleum," Sustainability, MDPI, vol. 13(10), pages 1-14, May.
    14. Sarker, Indranil & Datta, Bidisha, 2022. "Re-designing the pension business processes for achieving technology-driven reforms through blockchain adoption: A proposed architecture," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    15. Oguntegbe, Kunle Francis & Di Paola, Nadia & Vona, Roberto, 2022. "Behavioural antecedents to blockchain implementation in agrifood supply chain management: A thematic analysis," Technology in Society, Elsevier, vol. 68(C).
    16. Beaulieu, Martin & Bentahar, Omar, 2021. "Digitalization of the healthcare supply chain: A roadmap to generate benefits and effectively support healthcare delivery," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    17. Limin Zhang & Fei Gu & Mingke He, 2024. "The Influence of Digital Transformation on the Reconfigurability and Performance of Supply Chains: A Study of the Electronic, Machinery, and Home Appliance Manufacturing Industries in China," Sustainability, MDPI, vol. 16(7), pages 1-22, March.
    18. Hira Hameed & Nazir Ahmad Zafar & Eman H. Alkhammash & Myriam Hadjouni, 2022. "Blockchain-Based Formal Model for Food Supply Chain Management System Using VDM-SL," Sustainability, MDPI, vol. 14(21), pages 1-24, October.
    19. Chin-Ling Chen & Wan-Bing Zhan & Der-Chen Huang & Ling-Chun Liu & Yong-Yuan Deng & Chin-Guo Kuo, 2023. "Hyperledger Fabric-Based Tea Supply Chain Production Data Traceable Scheme," Sustainability, MDPI, vol. 15(18), pages 1-25, September.
    20. Evin Özkan & Neda Azizi & Omid Haass, 2021. "Leveraging Smart Contract in Project Procurement through DLT to Gain Sustainable Competitive Advantages," Sustainability, MDPI, vol. 13(23), pages 1-25, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:snopef:v:4:y:2023:i:2:d:10.1007_s43069-023-00221-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.