How Hyperledger Fabric Drives The Next-generation Pharma Supply Chain?

By Author: Block chain council
Total Articles: 167
Comment this article

In today's context, each and every human being is entitled to state-of-the-art health facilities. As far as the health industry is concerned, an increasing number of diseases on a daily basis is something that cannot be ignored, as the welfare of each and every human being is important. The major issue that is currently plaguing the pharmaceutical industry is counterfeit or fake drugs.
This is the primary reason for pharmaceutical companies turning to hyperledger fabric to improve and enhance their supply chains. Before learning in-depth about using hyperledger fabric for the pharma supply chain, it is necessary to understand the term 'Hyperledger Fabric.'
What is Hyperledger Fabric?
Hyperledger Fabric is hosted under the umbrella of The Linux Foundation. It is a blockchain framework implementation that helps develop applications or solutions with a modular architecture.
Hyperledger Fabric For the Pharma Supply Chain
Each and every global enterprise that is concerned with data security and access to information regulations will have hyperledger as its blockchain platform of choice. Hyperledger Fabric ...
... helps enhance the security of a blockchain by conducting drug record transactions on a blockchain. This is done to create a smart healthcare ecosystem using a drug supply chain. Hyperledger Fabric blockchain launches a smart contract and provides time-limited access to patient electronic health records and electronic drug records.
Though coin-based models serve as a suitable incentive for participation, not everyone is ready for cryptocurrency. Another feature that allows Hyperledger Fabric to stand apart from other blockchains is its focus on privacy.
DocuSeal
So, what is the DocuSeal Framework?
Enterprise communities that are highly regulated will have unique requirements. Keeping this in mind, the Hyperledger community designed the DocuSeal Framework. DocuSeal is a framework that is designed to authenticate documents using blockchain technology through an iOS application. In a DocuSeal framework, the documents that are uploaded can be sealed in private storage, and these can be tied to a unique hash that is stored immutably on a private blockchain. These documents can be deleted or can be shared with other users.
Each time a document is accessed, the authenticity of the document can be verified. Here, the 'right to be forgotten' is preserved. This helps wipe out the private storage whenever necessary. The hashes on the blockchain are also preserved. Selvedge, the enterprise-grade blockchain app server developed in Golang, can also be used as it assures real-time performance metrics. The DocuSeal Framework aids users in document storage and sharing, as it is similar to a Dropbox. It also takes care of security and timestamping. It also helps stakeholders leverage the power of smart contracts for driving inter-enterprise workflows.
Hyperledger Fabric to Provide Innovative Medicines to Patients in Need
Testing new medicines is a tedious process. Today, there are more than 800 pharma companies and biotechs that are working with vendors to supply medicines for more than 10,000 clinical studies to tens of thousands of clinical sites. In 2017, the Hyperledger community joined hands with industry leaders such as Merck, UCLA Health, GSK, Pfizer, ThermoFisher, BioGen, and IQVIA, as part of the Clinical Supply Blockchain Working Group (CSBWG). Within the next two years, they built their pilot on Hyperledger Fabric in order to address this challenge, and this was named KitChain.
KitChain aims to demonstrate a robust collaborative model that was developed to manage the pharmaceutical supply chain. It was developed to create an immutable record for event tracking and shipment without the need to get involved in paperwork and manual transcription from one system of record to the other. Its secondary goal was to expose the potential flaws of the system.The world is now looking ahead to 2023 when the Drug Supply Chain Security Act (DSCSA) will come into full effect with several requirements for traceability.
Conclusion
World Health Organization (WHO) states that more than 30% of the total medicines sold in Asia, Latin America, and Africa are counterfeit. The safety of the pharmaceutical supply chain is, no doubt, a collective process, and it has become a major point of concern for public health.

To become a hyperledger expert and know more about hyperledger certifications, check out Blockchain Council.

https://www.blockchain-council.org/certifications/certified-hyperledger-developer/

Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology “Blockchain”. Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally. Visit here for more details@https://www.blockchain-council.org/