Blockchain-Based Medical Supply Chain Management Collaboration: Exploring the Advantages and Drawbacks

Abstract

The effective management of supply chains presents pervasive challenges across industries, with healthcare bearing additional complexities and risks due to the direct ramifications of supply chain integrity on patient well-being and health outcomes. Blockchain technology (BCT), heralded as a cutting-edge instrument for fostering sustainable advancements in supply chain management (SCM), has garnered considerable attention. However, scant scholarly attention has been dedicated to its role in fostering supply chain integration and collaboration within the healthcare domain. This study aims to conduct an in-depth exploration of the potential advantages and drawbacks associated with the application of BCT in collaborative activities within medical SCM. Through a methodical review of existing literature, the study aims to elucidate the prospects and impediments of integrating BCT in medical SCM from a collaborative standpoint.