Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Blockchain for the Future Development of the Pharmaceutical Industry

Authors
Renfei Gao1, *, †, Xiao Yu2, †, Zhirui Zhang3, †
1Economics, School of Economics and Management, Southwest University, Chongqing, China
2Mathematics and Applied Mathematics, School of Mathematics, Sichuan University, Chengdu, Sichuan, China
3Business Economics, School of Social Sciences, University of California Irvine, California, U.S.
†

These authors contributed equally.

*Corresponding author. Email: g1586177672@email.swu.edu.cn
Corresponding Author
Renfei Gao
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.417How to use a DOI?
Keywords
Emerging Industry; Healthcare; COVID-19; Blockchain; Pharmaceutical Industry
Abstract

Blockchain is an emerging industry, and its applications are well established in product traceability, data circulation, supply chain management, judicial depository, government data sharing, and livelihood services. In China, blockchain technology has great value in the medical industry and influences its future development trend in the medical industry. This study explores the impact of blockchain on the healthcare industry and how consumer attitudes toward using blockchain affect its future development. This paper further develops the impact of blockchain on the pharmaceutical industry, using COVID-19 as an example to illustrate the highly developed and advanced application of blockchain technology in the healthcare industry. Validated factor analysis and Statistical Product and Service Solutions structural equation modeling was performed using by Wen Juan Xin. This study concludes that the recognition and acceptance of blockchain technology applications in the healthcare industry are clarified and reveal various problems in the current applications. Therefore, decision-makers in healthcare industry organizations or sectors need to carry out reforms related to blockchain applications, especially privacy protection and information security enhancement, to provide reference and higher and more stringent requirements among blockchain applications.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.417
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.417How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Renfei Gao
AU  - Xiao Yu
AU  - Zhirui Zhang
PY  - 2021
DA  - 2021/12/15
TI  - Blockchain for the Future Development of the Pharmaceutical Industry
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2563
EP  - 2568
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.417
DO  - 10.2991/assehr.k.211209.417
ID  - Gao2021
ER  -