Researchers from the Université de Pau et des Pays de l’Adour in France and Universidad Autónoma de San Luis Potosí in México published a joined study titled ‘Blockchain Technology Applied to Health Care Supply Chain’ in the papers of the International Congress of Telematics and Computing WITCOM 2022, by Springer.
The abstract to the paper discussed changing and evolving environments that have contributed to the growth of Supply Chain Management (SCM) in healthcare in recent years. Financial and social benefits of health systems have become dependent on SCM. Traditional SCM mechanisms in healthcare could be improved, especially in transparency and access to health.
As a result of COVID-19, our daily lives have changed dramatically in recent months, and some industries have been affected, but there have been opportunities to improve as well. A description of blockchain technology, smart contracts, and their main use is provided. Different internal and external processes could be improved in different ways by these technologies.
Researchers describe and suggest ways to improve supply chain performance, discuss how information can be shared more effectively, and explore how a smart contract can be applied to a consumer-supplier relationship in healthcare supply chains and the benefits it would bring to the industry since it requires quick turnaround times because of the nature of their transactions and operations, which are crucial to maintaining the industry’s needs.