There is a rise in the understanding of blockchain technology and the many ways it can be applied. This time, an Indian company is partnering with the government of Andhra Pradesh (AP) to design a blockchain database for collecting and storing data of its 50 million citizens.
April 2018 – The Government of Andhra Pradesh (AP), India’s eighth-largest state announced on March 28that it has signed a partnership with Shivom, a Germany-based private firm that deals in genomics and precision medicine to develop this revolutionary technology.
Naidu Chandrababu the Governor of Andhra Pradesh while speaking on the partnership reported that this blockchain based technology would improve predictive medicine in India. The governor also explained that adopting this new technology is in continuation of the country’s drive to utilize new-age technology on a large scale in India. Other application of blockchain technology includes digitalizing the land registry system and also to tackle identity theft.
A new development center located in Fintech Valley, Visakhapatnam would be established by Shivom. The facility will work closely with India’s International Institute of Digital Technology (IIDT) at Tirupati on cybersecurity and analytics.
By Olga Kharif, Natalie Obiko Pearson April 30, 2018
(Bloomberg) — Digital currencies have been accused of worsening the opioid crisis because they make it easier to buy and sell drugs anonymously.
Now Intel Corp. and the pharmaceutical industry are planning to fight fire with fire. The chipmaker, working with health companies, aims to use so-called blockchain technology — similar to the one that underpins the digital currency Bitcoin — to better trace drugs and potentially stem the epidemic.
The idea is to pinpoint where drugs leak out of the supply chain. Blockchain also could help flag “double doctoring,” where an addicted patient takes out more than one prescription from multiple physicians.
“It will vastly reduce the opioid epidemic,” said David Houlding, director of health-care privacy and security at Intel Health and Life Sciences. “I would not say this will eliminate the opioid problem, but this will help.”
The approach is being tested this spring, when Johnson & Johnson, McKesson Corp. and other companies enter simulated data into new digital ledgers. The experiment will see how easy it is to track pills as they travel from the manufacturer all the way to a patient’s home.
Hashed Health announced the launch of its provider identity management tool that leverages blockchain to share credentialing information on healthcare professionals.
– LAS VEGAS – Hashed Health has launched a provider credentialing solution that leverages blockchain to securely exchange information related to a clinician’s permissions to practice at a certain level or location, the industry consortium announced at HIMSS18.
The Professional Credential Exchange tool aims to simplify the process of managing provider credentials and identities for employment and verification purposes, allowing organizations and professionals to complete hiring or referral processes more quickly.
“This transformative approach solves existing challenges facing provider credentialing,” said John Bass, Hashed Health CEO.
Your life is destined for the blockchain. And you could soon be making a tidy profit from your genetic data
We’ve entered the golden age of personal genomics: it’s now easier, faster, and cheaper than ever before to explore the vast three-billion-base-pair terrain of the human genome. Onto the scene steps Nebula Genomics, a new startup that wants people to sequence their genomes, then sell their genetic data on the blockchain.
This may sound dystopian in the extreme, but it’s an idea whose time has come, insists Nebula’s founding trio – Harvard geneticist George Church, his PhD candidate Dennis Grishin, and ex-Google product manager, Kamal Obbad, who launched the start-up in early February. While private DNA testing companies like 23andMe and Ancestry.com charge customers for their service, then frequently sell the genetic data on to third parties, Nebula Genomics – which has more than $1 million in investments so far – wants to upend that model. It offers customers a way to profit from the process, by selling their genetic data within the hyper-secure realm of the blockchain. No other companies have had “a way of compensating the person other than through information,” Church says. “So far the only value that’s been prescribed is value to the companies, not the individuals.”
The Blockchain for Clinical Trials Forum will take place on February 12 at the Orlando Science Center in Florida and will bring together prominent healthcare industry stakeholders. According to the press release, attendees will include representatives from “the US Food and Drug Administration (FDA), innovation leaders from the world’s largest pharmaceutical organizations, and leading blockchain developers.”
While applications of blockchain technology for healthcare have become a hot topic among health IT professionals, especially at conferences, a survey of chief information officers (CIOs) said they believe it’s the most overhyped trend in the field in terms of making an impact within the next two years.
The survey, conducted by Naperville, Illinois-based health IT consultants Impact Advisors, collected responses from 56 hospital and health IT CIOs who are members of College of Healthcare Information Management Executives (CHIME).
When asked to pick one technology they think “has the most potential to make an impact” in the next two years, CIOs answered:
Fast Healthcare Interoperability Resources (FHIR) and application programming interfaces (API): 50 percent
Natural language processing: 16.1 percent
Cloud computing: 14.3 percent
Machine learning: 12.5 percent
Blockchain: 1.8 percent
While blockchain did make the bottom of the list of emerging technologies with the most potential for health IT, it was far and away the leader when CIOs were asked about what’s been overhyped:
The US Department of Veterans Affairs (VA) is seeking for proposals on how blockchain technology can help improve its operations.
VA is a federal cabinet-level agency that provides near-comprehensive healthcare services to eligible military veterans at VA medical centers and outpatient clinics located throughout the country. It offers several non-healthcare benefits including disability compensation, vocational rehabilitation, education assistance, home loans, and life insurance. It also provides burial and memorial benefits to eligible veterans and family members at 135 national cemeteries.
During the AFCEA Bethesda’s 10th Annual Health IT Day, VA chief technology officer Charles Worthington said the agency’s approach to blockchain is to take a step back and look at the problem the department wants to solve.
“We really would be looking to industry to surface use cases for us,” said Worthington. “I think we’re going to be coming to industry with problems we have, and if you think blockchain is an appropriate solution, bring it to us.”
By Premdharan Meyyan Guest Column January 16, 2018
According to a common refrain, blockchain will “transform” and “disrupt” the life sciences industry. While the technology’s applications in industries such as banking and broader financial services are readily apparent and, in fact, already being adopted, tangible applications in the life sciences prove more nebulous.
Fuld + Company conducted an analysis aiming to nail down the areas within the life sciences industry in which blockchain shows the most immediate promise. Our findings suggest clinical research being conducted in the context of new drug and device development is the area most ripe for innovation using blockchain. The immutable nature of the technology holds the key to answering concerns around data transfer, data integrity, and overall transparency of the clinical development process for both internal and external stakeholders.
Healthcare blockchain is becoming a reality as Change Healthcare releases its blockchain claims management solution.
Change Healthcare announced the general availability of its healthcare blockchain solution for claims management to deliver transparent claim lifecycles.
The new healthcare blockchain release aims to introduce blockchain into the healthcare industry and increase trust by enabling greater auditability and traceability. This will also create a more secure and manageable revenue cycle management process.
Change Healthcare previously announced the launch of its Intelligent Healthcare Network back in September, with the intention of a full-scale rollout by the end of 2017.
Blockchain is rapidly becoming the focus of conversations regarding health care disruption, and for good reason. What started out as a means for cryptocurrency is now making waves in a variety of industries, set to revolutionize how data is stored and shared.
The inability to easily and securely store and share data has long been a burden on the health system. Blockchain poses a solution to that through encryption and highly advanced technological assets which open the doors to health care innovation. Today we see blockchain being used with electronic health records (EHRs) so that a patient’s medical history is easily accessible to him/her, as well as his/her doctors, insurance providers, etc. It’s also providing the “how” in implementing value-based payment agreements, which link payment to performance of a drug or medical device. Blockchain is currently being used both in the private and public sectors, including the FDA and the CDC. While the full potential of this new technology is not yet known, the industry seems eager to find out.
Ahead of this year’s J.P. Morgan Healthcare Conference, we sat down with Lee Schneider, our top blockchain thought leader, to talk specifically about how this new technology is revolutionizing (or has the potential to revolutionize) the health care space.
Q: In layman’s terms, what is blockchain and why is it a topic of such great interest right now, particularly when it comes to the health care industry?
A: Blockchain is a ledger technology that allows people to track digital assets. This is important because a digital asset can be copied an endless number of times. People call this the “double spend” problem. But if you can track each one with certainty, then digital commerce becomes possible because when you move the digital asset on the blockchain ledger, you are certain of its provenance.