Blockchain technology is highly recognized in North America and Europe

Compiled according to the Firecoin Blockchain Application Institute: Blockchain technology ensures the safe exchange of patient data, improves clinical trials and drug traceability, and reduces network operating costs.

These are just some of the potential drivers of global healthcare, and the widespread use of blockchain technology is still in the cradle, but it also brings hope to the industry.

Bitcoin-guided cryptocurrencies use many of the most promising applications of cutting-edge technology and gradually make the market feel the presence of some small but different applications.

Blockchain uses large amounts of data through distributed ledger technology, allowing for the security, tampering and transparent sharing of virtually any form of information.

Blockchain technology is highly recognized in North America and Europe

This concept has recently caught the attention of Forbes magazine, which says "it seems that the blockchain will have an impact on almost all industries."

At present, blockchain technology has gradually expanded from financial and network security to logistics, from agricultural enterprises to air transportation energy. As far as the health sector is concerned, some pilot projects have been screening data with the goal of ensuring the safety of the medical system and managing the patient's digital files.

French pharmaceutical giant Sanofi said in a recent report: "Blockchain technology has been used for pilot health data analysis, medical device security and electronic medical record. "In addition, there is a technology that applies to all The potential of the field ranges from more effective clinical trials and faster new therapy approvals to reducing counterfeit drugs and increasing cost transparency. ”

In the United States, IBM Watson Health has been working with the US Food and Drug Administration's food safety agencies to propose a seamless and secure health data exchange system based on blockchain.

IBM Watson Health also works with the Centers for Disease Control and Prevention (CDCs) to determine how blockchain can facilitate secure data exchange.

The idea was to use the blockchain platform to analyze data through cognitive computing and improve epidemiological responses to the 2014 health crisis, when the Centers for Disease Control and Prevention were critical of the four Ebola cases identified by US laboratories. .

IBM currently claims that "about 80% of the health data currently applied to the system network is invisible because it is unstructured."

In Europe, the blockchain model used by MyHealthMyData is compatible with the strict new EU privacy laws in force in online personal data protection last month.

MyHealthMyData coordinator David Manset told AFP. “We only connect information in the blockchain, not just the information itself.”

Manset continues: “MyHealthMyData is funded by the European Union for 3.5 million euros ($3.8 million). Its partners include Siemens, Germany, to help prioritize health data and easily share clinical trial data. Task management currently accounts for approximately 80%. Researcher time."

In addition, the right to process data (the right to erase digital information tracking) must be balanced with the main selling points and release efficiency advantages that cannot be tampered with in the blockchain.

According to Deloitte's data, some assessment reports in the United States believe that the potential benefits are not only in the market that reduces administrative and operational waste by hundreds of billions of dollars. In 2017, global spending exceeded $3 trillion, and by 2020 it is expected to reach 8.7. Trillions of dollars.

MyHealthMyData shows that if someone wants to completely erase their data, the link to the information may not be available without causing actual interruptions in the chain.

Manset explained: "We believe that the blockchain supports third-party trust."

But Anca Petre, co-founder of 23 ConsulTIng, which focuses on the potential of blockchain health, believes that large-scale industry adoption takes time, given the sensitivity of the data.

“To do this, we must provide 100% digital data and software interoperability for all parties,” Petre told AFP, which is not exactly the same as the current situation.

Luca Comparini, who is in charge of the IBM blockchain in France, admits: "The first problem is to get everyone involved, it takes time."

Petre is very dull. She told AFP at the Vivatech salon in Paris, France: “The blockchain is the cherry on the cake, but first you need the cake.”

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