Page 19 - export 08

Export Mark e ting
Export Marketing
NO 8 - Oct 08 2021
NO 8 - Oct 08 2021

Ijazul Haq Olivier Muselemu Esuka
International School of Software/ Wuhan University/ Wuhan, China International School of Software/ Wuhan University/ Wuhan, China

3.1.Why Blockchain? ledger. If one node is failed or disconnected, it doesn’t have
Blockchain is a distributed network of computers that share any effect on the network. The first reason to use Blockchain
a secure ledger of transactions among the participants con- technology in such a system like pharmaceutical SCM is its
nected to the network without any central server. It stores security. Blockchain is the best option to provide 21st centu-
every transaction occurs in the network with a timestamp ry cyber-security, and until now there is no breach found in
and eliminate the need of third party. Every node on the it. It is designed to prevent any single person from modifying
network maintains a local copy of the ledger, and any small the data and transactions, this way blockchain can increase
change in the local ledger is replicated to the overall net- the trust and help to eliminate the biasness found in tradi-
work, and every node on the network update their local tional supply chain systems. Using blockchain, participants

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