Prof. Vijaya Bhaskar Marisetty and Dr. Varsha Mamidi, School of Management Studies at the University of Hyderabad (UoH) will lead a project, in partnership with India’s leading pharma company, Dr. Reddy’s Laboratories, for developing cold chain logistics solutions for pharmaceutical firms.
Pharma companies routinely face multiple compliance, reconciliation, and provenance issues in their supply chain, especially when exporting critical drugs and vaccines to other countries. On several occasions, their products are rejected or delayed due to lapses in the process. Blockchain integrated Internet of Things (IoT) framework will help to overcome this hurdle as it ensures a transparent way of sharing information with all stakeholders in the whole end-to-end supply chain network. Given that the information on the blockchain is immutable and audit ready, this will also enhance trust and efficiency in the system. This initiative will provide a first usecase for increasing the exports of the pharmaceutical industry.
This project is supported by the Institution of Eminence (IoE) entrepreneurial research grant of the University of Hyderabad. Dr. Ravi Prakash Mathur, Head, Global Logistics will be leading the team from the Dr. Reddy’s Laboratories.