Regarding to the topic of blockchain technology progress and its use in the pharmaceutical industry

Abstract

As an important part of society, the pharmaceutical industry cannot exist in the modern world without further development. Blockchain technology began to develop in the 1990s. Blockchain technology uses a distributed database maintained as a chain of records (blocks) containing a set of interconnected, cryptographically protected data. These records are chronologically sequential and immutable, and changes to them are possible only through coordinated actions within a network of data processing centers and corresponding identical versions of the database (definition is taken from Resolution of the Cabinet of Ministers of Ukraine No. 1238 of October 29, 2024). Blockchain technology has the following properties: - Transparency: all network participants can verify the data. - Immutability: a record in the blocks cannot be forged or deleted. - Decentralization: data is stored on many nodes (computers) distributed in the network and not in a single data storage location. - Security: cryptography protects transactions from falsification and hacking. Currently, there are many scientific publications on related topics, including those by our colleagues O. V. Posilkina and A. G. Lisna (Scientific and practical approaches to managing the safety and efficiency of pharmaceutical supply chains using digital technologies, 2019 and Analysis of the state of implementation of digital technologies in pharmaceutical supply chain activities, 2023).