What’s in the Box? Combating Counterfeit Medications in Pharmaceutical Supply Chains with Blockchain Vigilant Information Systems

Trevor Clohessy () and Saima Clohessy ()
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Trevor Clohessy: Galway-Mayo Institute of Technology
Saima Clohessy: Fidelity Investments Ireland

A chapter in Blockchain and Distributed Ledger Technology Use Cases, 2020, pp 51-68 from Springer

Abstract: Abstract Counterfeit medications, medication overprescribing and a slow antiquated process encompassed in recalling batches of medications represent serious supply chain concerns for the pharmaceutical industry. Blockchain, the technology underpinning the Bitcoin cryptocurrency, has been touted as a possible solution and panacea for the pharmaceutical industry to overcome the aforementioned concerns. Vigilant information systems enable organisations to make quick decisions in real-time in dynamic supply chain environments. Currently, the concept of blockchain vigilant information systems and their impact on supply chain decision making has not been researched in the pharmaceutical industry. Consequently, using an inductive grounded theory approach, we investigate pharmaceutical blockchain use cases and present an emergent multi-layer pharmaceutical blockchain vigilant information system (PBVIS) model. The various capabilities of each layer for pharmaceutical supply chain stakeholders are discussed. Research implications and fruitful avenues for future research studies are also presented in this chapter.

Keywords: Blockchain; Pharmaceutical supply chain; Counterfeit; Medication; Vigilant information system (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prochp:978-3-030-44337-5_3

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DOI: 10.1007/978-3-030-44337-5_3

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