Blockchain in Pharmaceutical Research and the Pharmaceutical Value Chain

Clauson, Kevin A.; Crouch, Rachel D.; Breeden, Elizabeth A.; Salata, Nicole

doi:10.1007/978-981-19-2976-2_2

Cited by 3 publications

(2 citation statements)

References 35 publications

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“…The pharmaceutical supply chains differ significantly from typical supply chains, as any disruption in the pharmaceutical supply chain can have direct implications for patient well-being [36]. A potentially effective solution to tackle the pharmaceutical supply chain's significant challenges is blockchain technology, which offers traceability throughout the product's lifecycle by linking, disseminating, and transmitting data within an organization.…”

Section: Sustainability and Blockchain Technology In The Pharmaceutic...mentioning

confidence: 99%

Addressing Challenges: Adopting Blockchain Technology in the Pharmaceutical Industry for Enhanced Sustainability

Riedel

2024

Sustainability

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The growing importance of sustainability in organizational success, particularly in the pharmaceutical industry, underscores the need for leveraging technologies such as blockchain methods to enhance sustainability indicators across environmental, social, and economic pillars. This study aims to identify and understand the challenges hindering the adoption of blockchain technology in the pharmaceutical sector for improving sustainability performance, addressing two research topics: the specific challenges faced by blockchain adoption in this context and the interdependencies among these challenges. Employing a two-step approach, the study compiles challenges through a literature review, refines them via expert opinions, and establishes their interrelationships using methodologies like fuzzy interpretive structural modeling (FISM) and cross-impact matrix multiplication applied to classification (MICMAC). The research contributes to unraveling the complex relationships and dependencies within the system, providing a structured framework for improved decision making and strategic planning. It fills a literature gap as the first attempt to outline driving and dependent factors related to the challenges of adopting blockchain technology for sustainability enhancement in the pharmaceutical sector, offering insights that can significantly impact brand image, company perception, and consumer value.

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Section: Sustainability and Blockchain Technology In The Pharmaceutic...mentioning

confidence: 99%

Addressing Challenges: Adopting Blockchain Technology in the Pharmaceutical Industry for Enhanced Sustainability

Riedel

2024

Sustainability

View full text Add to dashboard Cite

show abstract

“…Pharmaceutical supply chains differ significantly from typical supply chains, as any disruption in the pharmaceutical supply chain can have direct implications for patients' well-being [34]. A potentially effective solution to tackle the significant challenges in the pharmaceutical supply chain is blockchain since it offers traceability throughout the product's lifecycle by linking, disseminating, and transmitting data within an organization.…”

Section: Introductionmentioning

confidence: 99%

Addressing Challenges: Adopting Blockchain in the Pharmaceutical Industry for Enhanced Sustainability

Riedel,

Velamuri

2024

Preprint

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The growing importance of sustainability in organizational success, particularly in the pharma-ceutical industry, underscores the need for leveraging technologies like blockchain to enhance sustainability indicators across environmental, social, and economic pillars. This study aims to identify and understand the challenges hindering the adoption of blockchain in the pharmaceuti-cal sector for improving sustainability performance, addressing two research questions: the spe-cific challenges faced by blockchain adoption in this context and the interdependencies among these challenges. Employing a two-step approach, the study compiles challenges through a litera-ture review, refines them via expert opinions, and establishes their interrelationships using methodologies like Fuzzy Interpretive Structural Modeling (FISM) and Cross-Impact Matrix Multiplication Applied to Classification (MICMAC). The research contributes to unraveling the complex relationships and dependencies within the system, providing a structured framework for improved decision-making and strategic planning. It fills a literature gap by being the first attempt to outline driving and dependent factors related to the challenges of adopting blockchain technology for sustainability enhancement in the pharmaceutical sector, offering insights that can significantly impact brand image, company perception, and consumer value.

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Implementation challenges of blockchain technology in closed-loop supply chain: A Waste Electrical and Electronic Equipment (WEEE) management perspective in developing countries

Joshi

Sharma

Barve

2022

Supply Chain Forum: An International Journal

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Blockchain in Pharmaceutical Research and the Pharmaceutical Value Chain

Cited by 3 publications

References 35 publications

Addressing Challenges: Adopting Blockchain Technology in the Pharmaceutical Industry for Enhanced Sustainability

Addressing Challenges: Adopting Blockchain Technology in the Pharmaceutical Industry for Enhanced Sustainability

Addressing Challenges: Adopting Blockchain in the Pharmaceutical Industry for Enhanced Sustainability

Implementation challenges of blockchain technology in closed-loop supply chain: A Waste Electrical and Electronic Equipment (WEEE) management perspective in developing countries

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