Blockchain will provide the cornerstone for a better healthcare industry

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Posted: 10 March 2021
Author: JIMMY NGUYEN Bitcoin Association Founding President of
sources of information: medcitynews.com/


A better healthcare industry depends on a global blockchain that can be scaled up on a large scale and can effectively process massive amounts of data, making it a single source of information, rather than using multiple digital ledgers in parallel in the industry.

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From the whole year of 2020 to the current 2021, we are submerged in the headlines related to medical and health, which contain endless analysis related to the new crown epidemic and its response measures, and fancy statistics are interspersed with corrective data. Insights into better response measures. Despite this, little attention has been paid to the information infrastructure that supports the medical services that most of us rely on. The reality today is that although the entire medical and health field has been progressing and innovating, the data systems and information technologies that support it have not kept pace with the times to a large extent.

The current health care information system is in an abnormally dispersed state. Although massive amounts of personal medical data are constantly being generated from many sources such as doctors, pharmacies, laboratories, hospitals, and even our mobile phones and smart devices, almost without exception, this information is still isolated in data islands -Under the restrictions of a closed and proprietary system, this information is isolated and inaccessible. This is not only inefficient, but also limits the ability of medical service providers to use the most comprehensive information available in real time to bring patients the best results.

Blockchain technology, to be more precise, the only global blockchain technology will provide a solution for this, and healthcare institutions are increasingly paying attention to its transformative potential.

The unique global blockchain can be regarded as the basis of a universal global electronic health record, it can provide a secure digital environment, can store and manage patient information in a verifiable manner, and all of the medical service provider systems Anyone can (after obtaining patient authorization) have real-time public access. Each new piece of information can be integrated to provide the latest and most comprehensive information about the health of the corresponding patient, so that doctors, pharmacies and other service providers can provide patients with better health care guidance. By using blockchain, we can use its unique features to iterate and innovate beyond the limitations of the existing system. We can not only adopt the same protective measures as preventing double-spending of digital currency to prevent repeated purchases of drug prescriptions, but also use blockchain private keys to verify identity verification and verify insurance coverage.

Whether patient data is directly stored on-chain (with privacy protection) or off-chain (managed by on-chain access rights), a blockchain-based electronic health record system can enable medical service providers to fully understand Patient information will bring better health effects. At the same time, it will reshape the information paradigm and make "personal health" truly owned by the "individual".

This year, medical terminology and population health numbers have become our daily topics every day (after maintaining social distance), so for many of us, this year has also brought a strong desire for greater control over personal medical care. This does not seem surprising.

A blockchain-based recording system will enable patients to have complete control over their data, choosing when and to whom to grant access to that information. This can be authorization to a healthcare provider in a "doctor-patient" context, or it can be extended to commercial use-for example, authorizing a pharmaceutical manufacturer conducting clinical research to access your data, and in exchange, you will get a number Small and micro payment in monetary form.

Putting patients in control will also make switching between healthcare providers much easier than it is today, while ensuring that all information provided is complete and verifiable with accuracy-this process can be applied to a variety of applications Situation.

One of the companies leading this vision is Texas-based EHR Data. The program was initiated by the founders of PDX, Inc., and PDX is a 40-year-old American professional medical data company dedicated to For the development of pharmaceutical software and technical solutions. By using the Bitcoin SV blockchain, EHR Data is developing the world’s first global electronic health record, which will enable individuals to securely own, control and realize their personal medical information, while also providing access to healthcare providers and researchers Better access to real-time data. The platform can support a variety of practical examples from opioids to new coronary pneumonia tracking, so as to bring better health results, and at the same time open a new era of personal power for patients.

With the implementation of the new crown vaccination plan, governments and healthcare professionals around the world have launched the largest public health campaign in human history. Please think about the possible impact of the blockchain-based recording system on the management of the project. A universal electronic health record will ensure that no matter where each vaccine is injected, its time interval, type and dose are correct. This immutable personal vaccination record can then be applied to a digital "passport" to verify whether an individual can enter public places or take public transportation.

The potential of blockchain technology to influence the healthcare field also goes beyond the pure "patient-medical service provider" paradigm. Blockchain solutions can ensure honesty and increase transparency in the drug development process. This is usually a lengthy process that requires strict data integrity or "cleanliness" inspections. If the data is not recorded correctly, or the data is deliberately fabricated or confused (which is worse), the entire study and potentially billions of dollars and years of time may be wasted. Blockchain technology can easily track and verify data sets generated by clinical researchers, thereby benefiting government agencies that are responsible for drug approvals and protect the health of patients.

And what is working towards these goals is Veridat, a newly established American company, also based on the Bitcoin SV blockchain, aiming to create a system with data integrity and purity for the pharmaceutical industry. For a long time, there have been issues of trust and transparency in the field of drug clinical research, and its trials and test results have generated a lot of data, and these data may have a significant impact on the future of the companies that develop them and the patients who receive the drugs. In the face of so many risks, ensuring the integrity, validity and reliability of data is essential to ensure the best health outcomes are provided in the most effective way. By using blockchain to add time stamps to clinical research data, Veridat can empower the industry with auditability and trust. Veridat's platform has been tested in collaboration with JuvaTech (a behavioral neuroscience company that mainly supports researchers who test therapeutic compounds) and a large pharmaceutical company.

A blockchain with a solid foundation and capable of supporting large data capacity is the basis for realizing the vision of "healthy upgrade". A better healthcare industry is not the result of the coexistence of multiple digital ledgers in the industry, but a global blockchain that can effectively process massive amounts of data and use it as a single source of information to achieve large-scale expansion. Ensure that everyone in the medical and health service chain has access to the same data at the same time.

This is the grand vision of the healthcare industry, and it can only be achieved through a blockchain that is implementing the same grand vision.


Currently, more than 400 projects worldwide are built on the Bitcoin SV blockchain. With rock-solid agreements and declining transaction fees, the Bitcoin SV ecosystem has developed rapidly, and we look forward to more unprecedented commercial applications in the future.


  • Friends who are interested in the development of the Bitcoin blockchain can contact us through private messages on the CSDN site and apply to join the BSV developer exchange group.
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Origin blog.csdn.net/BitcoinSV/article/details/115049270