Blockchain for Healthcare Supply Chain Visibility

Published : Aug 11, 2019

Blockchain in healthcare supply chain visibility

  • Rising global costs and the fragmented nature of the healthcare supply chain create several challenges like visibility, counterfeits, product tracking, and more. The healthcare industry needs efficient solutions that can streamline supply chain operations and processes in a cost-effective manner. Leading businesses are exploring blockchain for healthcare supply chain visibility to achieve efficiencies and gain better control over their supply chains. 

    This blog post gives a high-level overview of using blockchain for healthcare to achieve transparency and end-to-end visibility. 

    Supply Chain Visibility


    Visibility in healthcare is essential to maintain the authenticity of drugs and medical equipment. The authenticity of pharmaceutical products that reach consumers through undefined routes can be questionable.

    Pharmaceutical companies need solutions to trace and track product information like ownership records, transaction history, packaging configurations, and storage conditions for efficient and safe product management. 

    Key visibility drivers in healthcare include the need to:

    • Deal with counterfeits
    • Manage product recalls
    • Ensure offshore manufacturing quality
    • Manage paperwork and hidden admin costs

    Suggested Read: Increasing Importance of Blockchain for Healthcare Development


    A blockchain-based track-and-trace application can enhance visibility throughout the entire supply chain. It can provide several benefits like better operational monitoring, quicker settlements of transactions, and more accurate detection of counterfeit products. 

    Here are the key benefits of implementing blockchain for supply chain visibility:  

    • Effective tracking of the chain of products, from manufacturers, distributors, and pharmacies to the patient
    • Complete visibility into product movement and distribution
    • Significant wastage and cost reduction attributed to low demand with enhanced drug track-and-traceability 
    • Automation of warehousing or distribution activities
    • Capability to make bulk purchases directly from manufacturers

    Check It Out: Emerging Use Cases of Blockchain in Healthcare in 2023

    For instance, we can use the NEM blockchain to establish a single version of the truth database to gain end-to-end visibility and control. NEM blockchain-based applications can store interactions, timestamps, and transaction details in a tamper-proof manner on a distributed ledger. They can also make the process of drug shipment handover and proof-of-delivery (PoD) verifiable for all network participants. 

    Relevant ReadAn Overview of NEM Blockchain Development

    Looking for a Blockchain Development Company

    You can implement blockchain solutions in your healthcare business with the assistance of a blockchain development service provider like Oodles. Our blockchain developers give efficient blockchain-based services to improve healthcare supply chain visibility.

How useful was this post?

Click on a star to rate it!

  • 0
  • 0

No votes so far! Be the first to rate this post.

Share :

Leave a Comment

Name is required

Comment is required

Recaptcha is required.

No Comments Yet.

More From Oodles

By using this site, you allow our use of cookies. For more information on the cookies we use and how to delete or block them, please read our cookie notice.

Chat with Us Chat with Us
We would love to hear from you!

Oodles | Blockchain Development Company

Name is required

Enter a valid Name

Please enter a valid Phone Number

Please remove URL from text

Recaptcha is required.