Unlocking Pharma Supply Chain Transparency: Leveraging Digital Twins on Blockchain

Unlocking Pharma Supply Chain Transparency: Leveraging Digital Twins on Blockchain

• Introduction to digital twins and blockchain

• Tokenization for provenance and traceability

• Supply chain efficiency

• Ensuring compliance and regulatory standards

• Future implications and industry adoption

In this presentation, we will embark on an insightful journey through the integration of digital twins and blockchain technologies, revolutionizing the landscape of pharmaceutical supply chain management. Beginning with an Introduction to digital twins and blockchain, we will elucidate how digital twins represent physical entities in the digital realm while blockchain serves as a secure ledger ensuring transparency and trust in transactions. Delving deeper, we will explore tokenization for provenance and traceability, discussing how tokens on blockchain enable the unique digital identity of medicine packs, fostering traceability from manufacturer to end-user, thereby ensuring authenticity and origin verification. Moving forward, we will investigate how leveraging digital twins on blockchain enhances supply chain efficiency by providing real-time visibility into inventory levels, thereby mitigating risks of counterfeit products, stockouts, and disruptions. Moreover, we will address how this integration assists pharmaceutical companies in ensuring compliance and regulatory standards, emphasizing the immutable nature of blockchain records, simplifying regulatory compliance processes. Finally, we will discuss the future implications and industry adoption, highlighting potential benefits such as increased patient safety, reduced operational costs, and improved market competitiveness. Through these discussions, we aim to illuminate the transformative potential of digital twins on blockchain within the pharmaceutical supply chain, paving the way for a more secure, efficient, and compliant future.

Speakers