Blockchain maintains data integrity
Blockchain technology is seen as a potential solution to the problem. It can help prevent counterfeit drugs by adding better traceability and accountability. In a traditional database, the integrity of records can only be ensured through a centralized model. Everyone in the supply chain needs access to the database. It can be expensive and difficult to maintain such a record system. Blockchain maintains data integrity on digital ledgers using complex mathematics. The manufacturers don't need to own the data exclusively. Whenever a new record is entered, the whole network participates in verifying it. As more records are entered, the calculations become more complex. It makes it harder for counterfeiters to corrupt the information.
Blockchain protects supply chain from corruption
Manufacturers can maintain decentralized information without the worry of data corruption. When the customers buy any drugs, they can look at the whole information chain and easily see if all the associated parties are reliable. Manufacturers can maintain records without the additional cost of complicated infrastructure.
So blockchain is revolutionizing the pharmaceutical supply chain. It is changing the way drugs are traced and maintained. It's a cost-effective way to add reliability to the current system.
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