CJ Logistics, Industry's First to Establish 'Blockchain Pharmaceutical Logistics System'

A CJ Logistics Information Strategy Team employee is explaining the 'Blockchain Pharmaceutical Logistics System,' which integrates and manages data throughout the entire process of pharmaceutical manufacturing, logistics, and distribution using blockchain technology.

[Asia Economy Reporter Dongwoo Lee] CJ Logistics announced on the 19th that it has become the first in the industry to establish a 'Blockchain Pharmaceutical Logistics System' that securely integrates data from the entire process of manufacturing, logistics, and distribution of pharmaceuticals using blockchain technology.

This system was developed based on collaboration with CJ OliveNetworks and AWS (Amazon Web Services), applying distributed storage and encryption technologies to fundamentally prevent data tampering or hacking during the pharmaceutical distribution process. Additionally, it accumulates and manages data in real time to ensure that pharmaceuticals are supplied to medical institutions and patients at the highest quality.

CJ Logistics implemented the system to record data not only for logistics processes it directly performs but also for manufacturing and distribution stages such as production date, expiration date, and usage time of pharmaceuticals. By recording data previously managed separately by manufacturers, wholesalers, and medical institutions on the blockchain for integrated management, it blocks data tampering, enhances transparency in the distribution process, and helps prevent misuse and abuse of pharmaceuticals.

The system allows real-time inquiry of transportation routes, user institutions, and quantity information of pharmaceuticals. It also enables verification of all logistics processes down to the second, including warehouse receipt and storage, interregional transportation, and delivery to medical institutions. Providing temperature data such as storage temperature and delivery temperature, which are critical to pharmaceutical quality, is also possible.

Based on real-time usage data, the system can predict the demand for pharmaceuticals by each medical institution. In case of recall situations such as defects or temperature deviations, it quickly identifies the cause and product information to urgently distribute substitute pharmaceuticals, enabling immediate response.

Ryu Sangcheon, Executive Director of the Information Strategy Team at CJ Logistics, said, "We will further advance pharmaceutical supply chain management based on a highly secure blockchain system and excellent cold chain operational capabilities." He added, "As an innovative technology company, we will research and develop various systems optimized for logistics sites and accelerate the digital transformation of the logistics industry."

This content was produced with the assistance of AI translation services.