Blockchain-based solutions prove highly effective in the healthcare sector by providing secure retrieval and storage of data, leading to improved data integrity and streamlined medical conduct.
In particular, medical supply chain professionals were hit with some serious challenges as a result of Covid-19. Because of the urgency with which healthcare supply chain management must be undertaken, disruptions could cause potentially life-threatening outcomes.
The vision of a more stable and predictable supply chain after peak product and drug shortages during the pandemic is looking more and more like a mirage.
The incorporation of cutting-edge, disruptive technologies into supply chain management systems, such as data analytics, AI (artificial intelligence), IoT, and Blockchain, promotes efficient operations, enhanced security, and rapid growth in the global healthcare sector.
Global logistics took a traumatic hit over the last three years, and the impact lingers on even now. For many supply chain professionals, however, it was evident that vital indicators were flashing danger even before the outbreak.