Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems?
Blockchain systems are a fast emerging and a currently widely discussed novel strategy for a decentralized cryptographically enhanced digital ledger recording transactions among stakeholders. This perspective paper looks at its potential uses in the context of high value and mostly low volume botani...
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doaj-c71303d9cb8b448c9e9b1a21e2ce5dad2020-11-25T01:48:49ZengFrontiers Media S.A.Frontiers in Pharmacology1663-98122019-04-011010.3389/fphar.2019.00396443974Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems?Michael Heinrich0Francesca Scotti1Anthony Booker2Anthony Booker3Martin Fitzgerald4Ka Yui Kum5Katja Löbel6Research Group Pharmacognosy and Phytotherapy, UCL School of Pharmacy, London, United KingdomResearch Group Pharmacognosy and Phytotherapy, UCL School of Pharmacy, London, United KingdomResearch Group Pharmacognosy and Phytotherapy, UCL School of Pharmacy, London, United KingdomSchool of Life Sciences, College of Liberal Arts and Sciences, University of Westminster, London, United KingdomSchool of Life Sciences, College of Liberal Arts and Sciences, University of Westminster, London, United KingdomResearch Group Pharmacognosy and Phytotherapy, UCL School of Pharmacy, London, United KingdomResearch Group Pharmacognosy and Phytotherapy, UCL School of Pharmacy, London, United KingdomBlockchain systems are a fast emerging and a currently widely discussed novel strategy for a decentralized cryptographically enhanced digital ledger recording transactions among stakeholders. This perspective paper looks at its potential uses in the context of high value and mostly low volume botanical material traded globally and used as medicines, health foods, in cosmetics and other applications. We offer a perspective on key areas in the supply of such products globally and how blockchain systems may help in sustainable sourcing, quality assurance, and in tackling supply problems in cases of complex multiherbal preparations. Both open and closed blockchain systems are feasible, and it seems likely that, at least in the initial development, closed ones are the main ones to be utilized. While blockchain’s potential is not yet clear, the examples presented here highlight the opportunities of this new technology.https://www.frontiersin.org/article/10.3389/fphar.2019.00396/fullblockchainherbal medicinestraditional medicinessustainabilityvalue chainsquality (herbal medicines) |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Michael Heinrich Francesca Scotti Anthony Booker Anthony Booker Martin Fitzgerald Ka Yui Kum Katja Löbel |
spellingShingle |
Michael Heinrich Francesca Scotti Anthony Booker Anthony Booker Martin Fitzgerald Ka Yui Kum Katja Löbel Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems? Frontiers in Pharmacology blockchain herbal medicines traditional medicines sustainability value chains quality (herbal medicines) |
author_facet |
Michael Heinrich Francesca Scotti Anthony Booker Anthony Booker Martin Fitzgerald Ka Yui Kum Katja Löbel |
author_sort |
Michael Heinrich |
title |
Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems? |
title_short |
Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems? |
title_full |
Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems? |
title_fullStr |
Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems? |
title_full_unstemmed |
Unblocking High-Value Botanical Value Chains: Is There a Role for Blockchain Systems? |
title_sort |
unblocking high-value botanical value chains: is there a role for blockchain systems? |
publisher |
Frontiers Media S.A. |
series |
Frontiers in Pharmacology |
issn |
1663-9812 |
publishDate |
2019-04-01 |
description |
Blockchain systems are a fast emerging and a currently widely discussed novel strategy for a decentralized cryptographically enhanced digital ledger recording transactions among stakeholders. This perspective paper looks at its potential uses in the context of high value and mostly low volume botanical material traded globally and used as medicines, health foods, in cosmetics and other applications. We offer a perspective on key areas in the supply of such products globally and how blockchain systems may help in sustainable sourcing, quality assurance, and in tackling supply problems in cases of complex multiherbal preparations. Both open and closed blockchain systems are feasible, and it seems likely that, at least in the initial development, closed ones are the main ones to be utilized. While blockchain’s potential is not yet clear, the examples presented here highlight the opportunities of this new technology. |
topic |
blockchain herbal medicines traditional medicines sustainability value chains quality (herbal medicines) |
url |
https://www.frontiersin.org/article/10.3389/fphar.2019.00396/full |
work_keys_str_mv |
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