The COVID-19 pandemic in 2020 uncovered the challenges of the healthcare system that hindered the effective response to the crisis, ranging from staff shortage to insufficient supply of medical products, information and communication gaps to price gouging for essential supplies. One of the serious problems triggered more during the pandemic is vaccine falsification. It is a growing phenomenon that not only boosts the black market but also poses a significant threat to public health.
Every year, numerous solutions are introduced to combat this global problem, however, a few emerge as the force to drive change, and blockchain supply chain solutions are one of them. In this blog, we will delve into how blockchain supply chain solutions can combat the serious problem of vaccine falsification and help build a secure and efficient healthcare system.
According to Global Financial Integrity, medicines counterfeiting stands out as the most profitable market among all transnational crimes.
The International Institute for Anti-Counterfeit Drug Research also shows that medicine counterfeiting is between 10 and 25 times more profitable than narcotics trafficking.
One could easily imagine how aggressively the black market of vaccine and medicine falsification is rising. With the term vaccine falsification, we mean the production, distribution, and sale of counterfeit vaccines that may contain inadequate doses of active ingredients or harmful substances, posing a significant risk to the health of populations. The falsified vaccines erode trust in healthcare systems and undermine efforts to control infectious diseases, particularly in vulnerable communities.
World Economic Forum has also highlighted the scourge of counterfeit medicine and vaccines at the global level.
During the COVID-19 pandemic, vaccines have been a prime target for traffickers and profit-hungry criminals. When the global population was in dire need of an anti-COVID vaccine, criminals were finding a way to make a big profit. Several illicit trades came to light that have corrupted national immunization programs against COVID-19.
The consequences of vaccine falsification on global health are in various forms- decline in vaccination coverage, compromised epidemic control leading to additional casualties, and more. It is vital to take a necessary step towards combatting this major challenge to foster the trust of individuals in the pharma sector.
The following vulnerabilities of the existing supply chain system somehow contribute to the fake vaccine infiltration. Take a look-
The pharma supply chain for vaccines is complex. It involves multiple stakeholders, including manufacturers, distributors, and healthcare providers. The more participants in the networks, the more the supply chain network becomes complex. It makes a way for counterfeiters to exploit gaps in the system.
Vaccines cross multiple borders and jurisdictions to make them available on a global or country level. The lack of transparency in the existing supply chain doesn’t allow the network participants to monitor and regulate the entire supply chain effectively. Such a loophole in the system becomes the target of counterfeiters.
Transparency is paramount to ensure the integrity of the supply chain. However, the lack of transparency at various stages of the vaccine distribution process makes it challenging to trace the origin and authenticity of vaccines. This weakness of the system leaves room for fake vaccines to enter the market undetected.
The supply chain for vaccines is often fragmented, with different entities responsible for different stages of the distribution process. This fragmentation increases the risk of infiltration, as it becomes harder to implement comprehensive security measures across the entire supply chain.
The infiltration of fake vaccines into the supply chain poses serious risks to public health. Not only do fake vaccines fail to protect against the disease, but they may also contain harmful substances that could endanger the health of those who receive them.
Addressing the issue of fake vaccine infiltration requires a concerted effort. Experimenting with technologies like Blockchain would be a smart approach to implement robust security measures and enhance transparency throughout the supply chain. Several big pharma companies are adopting blockchain supply chain solutions to tackle the challenges mentioned above.
Blockchain technology enables the creation of an immutable and transparent ledger of transactions. Recording every stage of the vaccine supply chain on Blockchain will help stakeholders to gain unparalleled visibility into the journey, from manufacturing to distribution and administration. This transparency offered by blockchain supply chain solutions allows for real-time tracking and tracing of vaccines which makes it difficult for counterfeit products to get unnoticed in the supply chain.
Once a transaction is recorded on blockchain supply chain solutions, it cannot be altered or deleted. This immutable record ensures the integrity of the data stored on the blockchain. It assures that vaccine-related information remains tamper-proof. Collaborate with blockchain supply chain development service providers to leverage immutable record-keeping of blockchain and mitigate the risk of falsified data or documentation being introduced into the supply chain.
Each vaccine batch can be assigned a unique digital identifier, or “digital twin,” which is securely stored on blockchain supply chain solutions. This identifier contains crucial information about the vaccine, such as its manufacturing details, expiration date, and distribution history. Healthcare providers, regulators, and consumers can instantly verify the authenticity and provenance of the vaccine by simply scanning this digital twin using a blockchain-enabled app or device, ensuring that only genuine products are administered.
Smart contracts on blockchain supply chain solutions can automate compliance processes within the vaccine supply chain. For instance, smart contracts can be programmed to enforce adherence to regulatory standards, such as temperature control requirements during storage and transportation. If a deviation from these standards is detected, the smart contract can trigger alerts or corrective actions, ensuring that vaccines maintain their efficacy and safety throughout the supply chain.
Blockchain supply chain development facilitates seamless collaboration among all stakeholders involved in the vaccine supply chain, including manufacturers, distributors, healthcare providers, and regulatory authorities. Blockchain supply chain solutions share a common, decentralized database, that allows parties to securely exchange information in real time, streamline communication, and coordinate response efforts more effectively. This collaborative ecosystem fosters trust and accountability across the supply chain, and further strengthens the collective resilience against counterfeit vaccines.
Blockchain supply chain development prioritizes data privacy and security through cryptographic techniques and decentralized consensus mechanisms. Personal health information and sensitive data related to vaccine recipients can be stored securely on the blockchain, which enhances confidentiality and compliance with privacy regulations. Blockchain supply chain solutions safeguard data integrity and protect privacy rights that further instill confidence in individuals participating in vaccination programs.
Blockchain supply chain solutions can be designed to accommodate the scalability requirements of large-scale vaccine distribution networks. Additionally, several interoperability standards enable seamless integration with existing healthcare systems and interoperability across different blockchain platforms. This interoperability ensures compatibility with diverse stakeholders and contributes to the enhanced accessibility and usability of blockchain supply chain solutions in pharma.
Vaccine falsification is one of the formidable challenges within the pharmaceutical industry that raises concerns over the authenticity of life-saving inoculations. Recognizing this massively growing global issue, numerous companies are intensively exploring various technological innovations to mitigate the risks associated with counterfeit vaccines. The ramifications of fake vaccines extend far beyond mere economic losses; they sow seeds of distrust among the public and jeopardize public health on a massive scale. This blog has shed light on the alarming proliferation of vaccine falsification, underlining the urgent need for effective solutions like Blockchain supply chain solutions.
Blockchain, renowned for its decentralized and immutable nature, holds immense potential to revolutionize the vaccine supply chain. Antier, a leading blockchain supply chain development company, leverages the power of this technology to establish a transparent and secure infrastructure for tracking vaccines from production to administration. If you want to know we can assist you in your blockchain supply chain development journey, connect with us today!
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