In global health, getting timely, unexpired medical supplies is just as crucial as getting the drugs or vaccines themselves. Every year, billions of dollars’ worth of pharmaceuticals and aid supplies travel via complicated and often broken supply channels. However, insufficient oversight, errors in paperwork, and fraud have led to numerous cases where aid is lost, misused, or replaced with counterfeit goods.
Blockchain is a decentralized, tamper-proof digital ledger that keeps track of all changes in order and can only be changed with the agreement of the whole network. There are numerous essential ways that this technology is being used in health supply chains sach as Blockchain records every transaction, from donations to production, shipping, storage, and use, and anyone authorised to view it can do so.
The most significant advantage of blockchain for global health is that it can establish a single source of truth. Blockchain-based solutions can help health organizations and funders have the most significant impact by closing loopholes and making it harder for fraud, mistakes, or waste to happen.
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