NEUSS, GERMANY - Media OutReach - 20 June 2019 - Blockchain lives at theapex of disruptive technologies. Experts term blockchain technology as a securedata storage platform and the key for digital transformation. A solution isonly half the battle, healthcare data management requires consideration acrossdata collection, security, accessibility and privacy. Blockchain and itsinherent nature offers a holistic solution, however, lawmakers and regulatorybodies must pave the way for a new era of medical and healthcare services.

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The management of personal medical records isa business problem worldwide. The healthcare industry is in dire need of digitisation, operating withantiquated information management systems, often decades behind when comparedwith other industries. According to Life Sciences research, patient datadoubles every 73 days; as a result, invaluable data is often not recorded. Thisis caused by a high level of concern regarding data sensitivity, privacy andpatient rights. Furthermore, access constraints due to legacy securityprotocols expose opportunities for data breaches and inhibit access to valuabledata by third parties, such as research units.  

Personal patient data had always been loaded withmany issues - What data is to be collected? Who has the right to collect it?Who owns the information collected? How is this information to be used? And soon. As medical technology improves, medical records will consist of acomprehensive medical history; including vaccinations, routine checkups,documented incidents, insurance claims, lifestyle habits and potentially thesubjects complete genome. Future implications of a medical data aremisunderstood by most of the public, all of the data is extremely valuable and...

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