How Emerging Technologies Improving Pharmaceutical Drug Traceability

Shivankar Patra

Blockchain, IoT, Machine Learning, Big Data, Drug Counterfeiting, Pharmaceutical Supply Chain, Serialization, Digital Drug traceability.

Pharmaceutical drug counterfeiting is a global challenge for governments and regulatory agencies. Generally, Counterfeit medicines are manufactured in compromised environments with incorrect active pharmaceutical ingredients (API) and low potency. Today, it is crucial for the entire world to find solutions to the challenges of drug counterfeiting by determining the most effective and cutting-edge technology for safeguarding people's health. From the perspective of preventing pharmaceutical drug counterfeiting, the pharmaceutical industry can adopt sustainable emerging technologies to perform in social, economic, and environmental dimensions through digital transformation. This study uses empirical analysis to examine the impact of digital transformation on the pharmaceutical industry by adopting cutting-edge technologies to secure medicines in the supply chain. Blockchain, IoT, ML, and Big Data are potent technologies that satisfy crucial requirements for drug traceability, including privacy, trust, transparency, security, authorization and authentication, and scalability. These are the most recent and strictest technologies that increase the security of drug delivery and traceability in the supply chain. Innovative technologies for digital transformation improve drug lifecycle management and increase businesses' capacity for transparent developments. In the healthcare sector, it is also creating a paradigm shift for digital drug traceability.

https://doi.org/10.31871/IJNTR.9.8.12