When IBM and the FDA are working together on blockchain technology for healthcare, it’s a clear sign we should take it seriously. IBM Watson Health has entered a research initiative with the FDA to design a blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. approach to exchanging health data.

The problems to address

Healthcare information sharing needs to simultaneously satisfy the requirements of security and availability. BlockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. technology provides a “highly secure, decentralized framework for data sharing that will accelerate innovation throughout the industry,” in the words of Shahram Ebadollahi, IBM Watson Health’s Chief Science Officer.

A survey by the IBM Institute for Business Value found that seven in ten of the industry leaders polled expect high benefit levels from blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. in clinical trials, regulatory compliance, and medical records. From the standpoint of patients, a blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. approach will help the in getting access to their own data and sharing their information securely.

This is the “long data” (longitudinal data) issue. Long data is all the information relating to a subject, however many sources it comes from. Blockchains are designed for bringing together many data sources in one place.

Because of federal requirements, many healthcare facilities have adopted Electronic Medical Records (EMRs). Sharing them, though, is currently difficult because they contain highly sensitive information and there’s no standard way to share them securely. Healthcare facilities have often been unable to share EMR data securely even with other facilities in their own group. The blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. initiative aims at removing these barriers to sharing information.

IBM announced the agreement on January 11, 2017, and the initiative will cover a two-year period, but initial findings should be available in 2017. The initial focus will be on oncology.

BlockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. with identities and permissions

The blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. approach in this initiative comes from the Hyperledger project. It differs in important ways from the better-known BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. implementation:

  • BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. deals in cryptocurrencyA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code.. Hyperledger doesn’t.
  • BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. participants are anonymous. The Hyperledger blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. uses verified identities, but anonymity is available where it’s appropriate (e.g., clinical trials).
  • The BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. network is permissionless; anyone can participate. The Hyperledger blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. network is permissioned, meaning that only authorized participants can contribute to it.
  • Anyone can read the transactions in the BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature.. The transactions in the healthcare blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. will be cryptographically protected.
  • “Smart contracts” in which specified conditions trigger actions are part of the Hyperledger technology. BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code. doesn’t include them.
  • In BitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code., a method called “proof of work” generates consensus on blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. transactions. It’s often slow. Hyperledger uses a method called PBFT, which resolves transactions more quickly and is more scalable.

The key common feature is the use of a tamper-evident ledgerAn append-only type record, where records are immutable., with multiple copies to assure its authenticity. This means that the information is widely available and very difficult to change improperly.

The promise for healthcare

Several startups have already experimented with blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. approaches to healthcare records. IBM reports that 16% of the healthcare executives surveyed are planning some form of adoption in 2017. However technically sound the existing approaches are, their value is limited unless one of them gets wide acceptance. The entry of IBM, in collaboration with the FDA, has a better chance of setting a standard that everyone will have confidence in.

The collaboration will examine the use of data from multiple sources, including EMRs, mobile and wearable devices, and Internet-connected medical devices. Combining these sources will allow nearly real-time updates of patient status in the blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature.. Authorized healthcare providers will have up-to-date information on patients without having to struggle through paperwork. The result will be more effective treatment and more time available to spend with patients.

If it succeeds and gains widespread adoption, the blockchainA private key is a string of data that shows you have access to cryptocurrency in a specific wallet. Private keys enable a user to spend from the wallet through a cryptographic signature. healthcare initiative promises major advantages to both providers and patients.

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