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The US Food and Drug Administration (FDA) is partnering IBM to research blockchain technology applications toward the exchange of health data.
Revealed in an announcement yesterday by IBM Watson Health, the US federal agency is looking at ways in which health data be shared from medical devices and wearables, clinical trials and data from mobile devices.
An initial focus will be dedicated to oncology-
In an age when wearables are becoming common alongside applications gathering health data aboard mobile phones, sharing this data to healthcare providers continues to be a hurdle in its lack of efficiency. Further, the threat of cybersecurity breaches, particularly in the healthcare sector, is a worrying concern for patients and providers alike.
IBM believes blockchain to provide the solution for seamless sharing of data in a secure way. A distributed ledger that’s ‘unalterable’ will help keep an audit trail while establishing transparency and accountability in the sharing of data, the tech giant claims.
An excerpt from the release added:
The collaboration will also address new ways to leverage the large volumes of
diverse data in today’s biomedical and healthcare industries. A secure owner-
A sweeping blockchain framework will be researched and explored for implementation in a wide range of areas where data is gathered and shared. This includes clinical trials; patient data from wearables and connected devices that could aid doctors “better manage population health” and; new insights from correlating data from the comprehensive blockchain framework that “can potentially lead to new biomedical discoveries”.
The fundamental notion of improving public health from large volumes of owner-
An Obvious Use Case
The healthcare sector is seeing an increasing number of participants looking into blockchain technology since the turn of 2016. Tim Hogben, chief of operations at the ASX, Australia’s biggest securities exchange operator which is perhaps notably the first major securities exchange in the world to develop and implement a blockchain prototype, called for the industry to leverage the innovation. The executive offered a different blockchain solution in the industry, that of a product recall of wearable healthcare products which could be organized efficiently over a blockchain.
This year, a partnership between a telecom-