How blockchain has the potential to disrupt healthcare, banking, insurance and more [infographic]

The potential of blockchain technologies in industries such as healthcare, banking and logistics have been evident for some time. Only last week, Vitalik Buterin, co-founder of Ethereum, put together a tweetstorm which focused on non-financial use cases becoming ‘a bigger and bigger part of the story.’ Take healthcare as an example. The IEEE, the arbiter of various technology standards, has a project called The Pharma Blockchain Initiative which, as this publication put it back in...

How blockchain will help you take control of your health data

Exciting advances in precision medicine over the past decade should mean you and your family are now receiving advanced levels of healthcare and disease prevention based on your genetic makeup. Researchers and health professionals across the world should be enjoying access to a vast resource of genomic sequencing data and health records – helping them discover cures and treatments for every type of disease. However, the reality is far different. An ocean of data about your health and...

60% of pharma companies are experimenting with blockchain, claims study

Six out of 10 pharma companies are now using or experimenting with blockchain technologies, according to a new study by the not-for-profit Pistoia Alliance. The survey of 170 life science and pharmaceutical professionals found that 60% have active interests in the technology, as compared to just 22% when asked in 2017. However, that left 40% of respondents claiming to not be currently exploring or planning to implement any such technology. For those that were, industry-specific...

‘Seed to sale’: Canada weighs up blockchain to track legal sales of cannabis

The Canadian government has reviewed blockchain as a possible solution for securely tracking marijuana “from seed to sale”, following the passing of a bill legalising recreational use of the drug nationwide last month. Under the new Cannabis Act, from October 17, Canadians will be able to buy and consume cannabis legally in a regulated market that will dictate how the plant can be grown, distributed and sold. As part of the law, the government’s health department Health Canada is...

Healthcare consortium to apply blockchain technology to tackle provider data concerns

Five major US healthcare organisations are turning to blockchain technology to deal with concerns related to provider data. The new healthcare consortium, comprised of Humana, MultiPlan, Optum, Quest Diagnostics and UnitedHealthcare, will launch a collaborative pilot programme that will use blockchain technology to enhance the quality of data and diminish administrative expenses related with changes to healthcare provider demographic data. The new programme will evaluate how the technology...

Big Pharma and blockchain: Setting a standard with the IEEE

Big Pharma and blockchain - IEEE

Blockchain is beginning to make itself known in a wide-range of industries. Executives in companies ranging from healthcare to property management are exploring how distributed ledgers can be applied to their industries. One area in which the ability to record data in a tamper-proof and transparent way could be particularly beneficial is the sprawling and complex pharmaceutical supply chain that encompasses the development, manufacture and distribution of drugs that are used by hospitals,...

How close are we to merging AI and blockchain?

Blockchain + AI

In a digital environment where most data is siloed, there is no real incentive to share it. As a result, corporations are hoarding tons of consumer data (i.e. Google, Facebook, Alibaba, Baidu). Currently, artificial intelligence (AI) platforms help to concentrate power in the hands of those few organizations who are able to source and process large amounts of data. As sensors are embedded in all sorts of everyday objects, from connected cars to devices across the IoT, consumer data will be...

How blockchain allows hospitals to encrypt records and process cases faster

“Health is wealth,” so the saying goes. For the healthcare industry, there is perhaps no better way to establish value for all stakeholders involved than to ensure fast and timely access to information that can be helpful in treating diseases and managing patients’ overall health. Ensuring stakeholder value in the healthcare arena has been a concern for the industry for some time now, with access and transparency of data to help bring about better health outcomes for patients being...

doc.ai combines healthcare, AI and blockchain

doc.ai

doc.ai has launched its advanced natural language processing technology platform that uses blockchain and AI to improve patient care and experience. Blockchain is used to time stamp and store datasets while the sophisticated AI uses the data to answer patient queries about their care. According to the World Health Organisation, there is a global shortage of over seven million physicians, nurses and healthcare professionals. Not only do doctors need to meet the growing needs of their...

Illinois moves ahead with blockchain for healthcare initiative

A new blockchain-based pilot will soon start exploring opportunities to improve the efficiency and accuracy of the medical credentialing process in the US state of Illinois. The project was recently announced by the Illinois Blockchain Initiative wherein it will partner blockchain healthcare innovation firm Hashed Health to develop a blockchain-based registry to streamline the sharing of medical credential data and smart contracts to automate workflow related to multistate and interstate...