A company developing a way to tackle food fraud has won an investment of £2m from a Canadian entrepreneur.Northern Irish tech firm Arc-Net is developing a blockchain technology to improve the traceability and authentication of food.
IBM’s Shahram Ebadollahi Discusses Collaborative Research with the FDA
Blockchain, the distributed ledger technology for cryptocurrency, has the potential to improve the privacy and security of health information exchange, says Shahram Ebadollahi, vice president of innovations at IBM Watson Health.
Healthcare blockchain aims to take analyzed data one step beyond assisting physicians, giving patients access to an owner-mediated data sharing ecosystem. This ecosystem may bring in new discoveries related to population health, which can be absorbed into Watson and add to the data repository.
THE SECRETARY OF Health and Human Services remains an open post today, as Democrats boycotted Rep. Tom Price’s Senate confirmation vote Tuesday afternoon. But while Dems are still debating the ethics of Price’s financial dealings, healthcare communities are already thinking about how he might lead the agency into the future. During a confirmation hearing last Tuesday, Price came out against electronic health records, the digital histories patients make every time they see their doctor or go to the hospital. “We’ve turned physicians into data entry clerks,” he said, arguing that the burdensome recording systems need an overhaul.
…. 3. The Blockchain Gets Real
Have you noticed how many different blockchain solutions there have emerged for using digital contracts, digital currency and authenticating identities using this innovation have emerged recently? Get ready for banks, tech, health care and even central banks using the blockchain tech.
Like any emerging technology, blockchain is receiving a lot of attention among healthcare organizations, but some of that attention is grounded in unwarranted optimism or needless fear.
In the last year, much progress has occurred in healthcare to advance the use of blockchain technology. For example, in January the Food and Drug Administration and IBM Watson Health announced a partnership to investigate potential ways that blockchain technology can be used in healthcare. And last August, The Office of the National Coordinator for Health IT announced winners of its challenge seeking industry ideas on how blockchain could be used in healthcare to protect, manage and exchange electronic health information.
Proponents of blockchain believe it could have wide applicability in healthcare. It enables the collection of data from a variety of sources, and keeps an audit trail of transactions, thus establishing accountability and transparency in the data exchange process.
What is Nuco? Nuco is a software company that focuses on building blockchain for networks in enterprise companies. We essentially piggybacked off of some of these open source protocols and decided that this would be an interesting technology to apply in the context of what could close the network of known participants, such as banks, hospitals, insurance companies, you name it. The same general purpose infrastructure that Ethereum is to the public domain, we wanted to build a version of that intended for a close network of participants.