Blockchain technology has proved its mettle over and over again in different sectors of industry – be it finance or health care. Recently blockchain technology has been applied to clinical trials and results indicate that the technology has the potential of increasing reliability of outcomes by manyfolds all the while ensuring data integrity.
One of the major issues with clinical trials is that participants do not stick around throughout the duration of the trial or do not report correct data. In order for clinical trials to succeed or at least provide data that is worth further research, participants are required to provide accurate information about the effects of the trial drug, chemical, or action on their targeted symptom and timing at which they took the related actions or medications.
Scientists have time and again showed that human input is flawed by nature because we are all different and because of this data collection and data integrity is of paramount importance. Further this same flaw is what makes clinical trials so necessary and important as it allows researchers to garner a more wider picture on which they can base their findings.