Blockchain in Healthcare and the Life Sciences
The healthcare industry can greatly benefit from blockchain technology. Over the past 30 years, the healthcare industry has been affected by the advent of centralized data systems, health data regulation, and a mandate to focus on digitizing medical data in partnership with different electronic medical record (EMR) service providers. The bulk of repositories processing information […]

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Hussein Hallak

Blockchain in Healthcare and the Life Sciences

The healthcare industry can greatly benefit from blockchain technology. Over the past 30 years, the healthcare industry has been affected by the advent of centralized data systems, health data regulation, and a mandate to focus on digitizing medical data in partnership with different electronic medical record (EMR) service providers. The bulk of repositories processing information owned by healthcare providers, pharmaceutical companies, and other stakeholders in the health and medical ecosystem, do not interact with one another. The lack of interoperability among most systems containing longitudinal health data at both the individual (patient) and population (public health) levels explains systemic barriers often perceived in the following situations:

  • When patients wish to consult or seek medical services from other healthcare providers
  • When the administrators of a clinical trial want to validate the vast medical data of its participants
  • When pharmaceutical companies seek to ensure the authenticity of drugs circulating global markets

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