Application of Blockchain and IoT towards Pharmaceutical Industry

Blockchain and IoT technology has been gaining importance globally in different domain at future perspective. It has gained enormous attention with a great interest in a surfeit of various applications varying from financial services, security analysis, food, agriculture to health industry. Among the fast growing sectors, pharmaceutical industry acclaims to be the major forefront of the healthcare delivery in a largest aspect. There embarks the need of utilizing applications of IoT and Blockchain for safe delivery of healthcare management. The pharmaceutical sector helps in delivery of potential drugs at the outset of growth of medical science into the market. The need of safety and proper validation of the products of medical drugs sold to the consumers had to be taken care of much evaluation. Blockchain and IoT use cases provides the need of security of drugs and also delivery at the right time without the false interaction. In this review paper complete analysis of development in the healthcare associated with the pharmaceutical industry is done by the approach of implementation of Blockchain and IoT. This paper projects the applications of the domain with the future analysis and also the challenges in demand.