Blockchain in Healthcare Today April 18, 2024
Mark Gaynor, PhD, Kathleen Gillespie, PhD, Allison Roe, Erica Crannage, PhD, J. E. Tuttle-Newhall, MD

Background: In recent years, blockchain technology has made great strides in diverse industries but has fallen behind within the pharmaceutical industry. The pharmaceutical industry is complex and would benefit greatly from the distributed database and emphasis of information privacy promoted by blockchain technology. This paper identifies the potential best application for blockchain technology in the United States pharmaceutical industry by identifying current trends, companies exploring the possibilities of blockchain technology, and industry concerns with opportunities for improvement.

Methods: We utilized a 4D framework using ease of implementation, novelty, necessity, and fit of the overall industry to examine the adoption of blockchain technology in the pharmaceutical industry. Based on the 2D framework of difficulty and novelty as driving factors for the...

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Topics: Biotechnology, Blockchain, Pharma, Pharma / Biotech, Technology
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