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Governance on the Drug Supply Chain via Gcoin Blockchain

Author

Listed:
  • Jen-Hung Tseng

    (Division of Risk Management, Taiwan Food and Drug Administration, No.161-2, Kunyang St, Nangang District, Taipei City 11561, Taiwan)

  • Yen-Chih Liao

    (Department of Computer Science and Information Engineering, National Taiwan University, No. 1, Sec. 4, Roosevelt Rd., Taipei 10617, Taiwan)

  • Bin Chong

    (College of Chemistry and Molecular Engineering, Peking University, Beijing 100871, China)

  • Shih-wei Liao

    (Department of Computer Science and Information Engineering, National Taiwan University, No. 1, Sec. 4, Roosevelt Rd., Taipei 10617, Taiwan)

Abstract

As a trust machine, blockchain was recently introduced to the public to provide an immutable, consensus based and transparent system in the Fintech field. However, there are ongoing efforts to apply blockchain to other fields where trust and value are essential. In this paper, we suggest Gcoin blockchain as the base of the data flow of drugs to create transparent drug transaction data. Additionally, the regulation model of the drug supply chain could be altered from the inspection and examination only model to the surveillance net model, and every unit that is involved in the drug supply chain would be able to participate simultaneously to prevent counterfeit drugs and to protect public health, including patients.

Suggested Citation

  • Jen-Hung Tseng & Yen-Chih Liao & Bin Chong & Shih-wei Liao, 2018. "Governance on the Drug Supply Chain via Gcoin Blockchain," IJERPH, MDPI, vol. 15(6), pages 1-8, May.
    • Handle: RePEc:gam:jijerp:v:15:y:2018:i:6:p:1055-:d:148534
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    References listed on IDEAS

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    1. William Ho & Tian Zheng & Hakan Yildiz & Srinivas Talluri, 2015. "Supply chain risk management: a literature review," International Journal of Production Research, Taylor & Francis Journals, vol. 53(16), pages 5031-5069, August.
    2. Sarac, Aysegul & Absi, Nabil & Dauzère-Pérès, Stéphane, 2010. "A literature review on the impact of RFID technologies on supply chain management," International Journal of Production Economics, Elsevier, vol. 128(1), pages 77-95, November.
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    Cited by:

    1. Aloini, Davide & Benevento, Elisabetta & Stefanini, Alessandro & Zerbino, Pierluigi, 2023. "Transforming healthcare ecosystems through blockchain: Opportunities and capabilities for business process innovation," Technovation, Elsevier, vol. 119(C).
    2. Ahmed, Wafaa A.H. & MacCarthy, Bart L., 2023. "Blockchain-enabled supply chain traceability – How wide? How deep?," International Journal of Production Economics, Elsevier, vol. 263(C).
    3. Yadav, Amit Kumar & Shweta, & Kumar, Dinesh, 2023. "Blockchain technology and vaccine supply chain: Exploration and analysis of the adoption barriers in the Indian context," International Journal of Production Economics, Elsevier, vol. 255(C).
    4. Kavyan Zoughalian & Jims Marchang & Bogdan Ghita, 2022. "A Blockchain Secured Pharmaceutical Distribution System to Fight Counterfeiting," IJERPH, MDPI, vol. 19(7), pages 1-32, March.
    5. Jian Li & Lu Liu & Hao Hu & Qiuhong Zhao & Libin Guo, 2018. "An Inventory Model for Deteriorating Drugs with Stochastic Lead Time," IJERPH, MDPI, vol. 15(12), pages 1-20, December.
    6. Shadab Alam & Mohammed Shuaib & Sadaf Ahmad & Dushantha Nalin K. Jayakody & Ammar Muthanna & Salil Bharany & Ibrahim A. Elgendy, 2022. "Blockchain-Based Solutions Supporting Reliable Healthcare for Fog Computing and Internet of Medical Things (IoMT) Integration," Sustainability, MDPI, vol. 14(22), pages 1-17, November.
    7. Xue Han & Pratibha Rani, 2022. "RETRACTED ARTICLE: Evaluate the barriers of blockchain technology adoption in sustainable supply chain management in the manufacturing sector using a novel Pythagorean fuzzy-CRITIC-CoCoSo approach," Operations Management Research, Springer, vol. 15(3), pages 725-742, December.

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