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Transaction Block Creation and Validation Source: Deloitte
Transaction Block Creation and Validation Source: Deloitte
speed to value, Cost takeout and risk mitigation, new monetization opportunities. In healthcare, these
benefits translate into assuring data integrity across all the parties, achieving full traceability and gaining
new operational efficiencies.
An approach to blockchain implementation in Healthcare Supply Chain:
Use Case I: Recall
When a sale of a product is offered by the product manufacturer in the supply chain, a block is created and
each transaction pertaining to the product is recorded. The information contained includes universal
product ID and other dynamic attributes of the product including batch, lot, serial number, quantity, unit of
measure and expiration dates. Transaction blocks are accessible and validated by business partners acting
as transiting nodes. Each and every transaction gets recorded in the blockchain and becomes available to
all the other participating nodes. When a distributor performs a sales transaction of a product with
healthcare providers, every supply chain partner can trace and validate those transactions. Additionally,
information about all transactions gets logged thus upholding the immutability aspect of a blockchain. This
helps in auditing and maintain a trail to verify the purchases. Under no circumstances, can the information
be removed or deleted and thus it requires a high level of trust between transacting entities. Inventory
visibility can be enabled with high integrity, accuracy and fidelity. Lack of inventory visibility is a pressing
issue which often hampers service levels.