Horst Treiblmaier, Abderahman Rejeb, Mike Gault, Anjum Khurshid, Alex Norta, Jim Poteet, Suresh Sivagnanam
The proper management of healthcare data is a complex endeavor that needs to balance the requirements and interests of many stakeholders. Previous research has identified and detailed many innovative blockchain-based use cases, but the current state of healthcare data management is still far from perfect. In this paper we present the findings from a panel discussion with healthcare professionals, who elaborate on the current situation in healthcare data management as well as the future role that blockchain can play in this sector. Based on the findings of this panel, we structure the research field of healthcare data management in a comprehensive framework and provide numerous avenues for future research. The outcome is a framework that highlights the important role of patients and their sensitive data, structured into several areas. From a patients’ perspective, we specifically elaborate on trust and privacy as well as the expected benefits. Additionally, four important data properties are identified: integrity, security, sharing and transfer, and interoperability. We outline the importance of the respective areas and derive several timely and important research questions that form the foundation of a future research agenda for blockchain-driven innovation in healthcare data management.
{"title":"Harnessing Blockchain to Transform Healthcare Data Management","authors":"Horst Treiblmaier, Abderahman Rejeb, Mike Gault, Anjum Khurshid, Alex Norta, Jim Poteet, Suresh Sivagnanam","doi":"10.30953/bhty.v7.301","DOIUrl":"https://doi.org/10.30953/bhty.v7.301","url":null,"abstract":"The proper management of healthcare data is a complex endeavor that needs to balance the requirements and interests of many stakeholders. Previous research has identified and detailed many innovative blockchain-based use cases, but the current state of healthcare data management is still far from perfect. In this paper we present the findings from a panel discussion with healthcare professionals, who elaborate on the current situation in healthcare data management as well as the future role that blockchain can play in this sector. Based on the findings of this panel, we structure the research field of healthcare data management in a comprehensive framework and provide numerous avenues for future research. The outcome is a framework that highlights the important role of patients and their sensitive data, structured into several areas. From a patients’ perspective, we specifically elaborate on trust and privacy as well as the expected benefits. Additionally, four important data properties are identified: integrity, security, sharing and transfer, and interoperability. We outline the importance of the respective areas and derive several timely and important research questions that form the foundation of a future research agenda for blockchain-driven innovation in healthcare data management.","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":"88 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140665207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Speakers delve into and beyond the previously published BHHTY journal article “Moving Beyond Proof of Concept and Pilots to Mainstream: Discovery and Lessons from Blockchain in Healthcare,” located at https://doi.org/10.30953/bhty.v6.280. This continuous enterprise blockchain technology journey extends the framework and solution assemblies including further developments, with cross over into generative AI and ethics. Objectives Learn specific examples on the economics of blockchain revealing low-hanging fruit for the move from pilots to adoption. Explore concepts such as: Data integrity, minimal data, inter-entity streamlining leading to efficiencies, and what is already possible with tech stack developments and economics in efficiency (in millions) from the previously published BHTY article at DOI: https://doi.org/10.30953/bhty.v6.280 Learn from other verticals to build a framework that is more comprehensive encompassing global perspectives Future proofing and stair-stepping design for an evolving technology – holistic guidance to find and execute the opportunities Obtain a framework for blockchain adoption based on the article. In addition, authors address the academic view of blockchain adoption, and that it is a combination of tech, policy, economics, consumer engagement, and operationalization. Acquire multi-dimensional discovery and specific blockchain constructs including provenance- consensus, trust maps, convergence, dApp human loops, and future proofing /stair-stepping Grasp global perspectives on evolving frameworks with in many verticals and the multi-dimensional nature of blockchain transformation, operationalization, blockchain-enterprise landscape, and AI automation. Gain a better understanding of why is blockchain an essential technology for the future of responsible AI and for scalability of solutions
{"title":"Blockchain in Health - From Pilots to Mainstream and Implications for AI","authors":"Sathya Krishnasamy, MS, Badri Gopalakrishnan, PhD, Atul Apte, BSc, MODERATOR: Anjum Khurshid, MD, PhD","doi":"10.30953/bhty.v7.309","DOIUrl":"https://doi.org/10.30953/bhty.v7.309","url":null,"abstract":"Speakers delve into and beyond the previously published BHHTY journal article “Moving Beyond Proof of Concept and Pilots to Mainstream: Discovery and Lessons from Blockchain in Healthcare,” located at https://doi.org/10.30953/bhty.v6.280. This continuous enterprise blockchain technology journey extends the framework and solution assemblies including further developments, with cross over into generative AI and ethics. \u0000Objectives \u0000 \u0000Learn specific examples on the economics of blockchain revealing low-hanging fruit for the move from pilots to adoption. Explore concepts such as: \u0000 \u0000 \u0000Data integrity, minimal data, inter-entity streamlining leading to efficiencies, and what is already possible with tech stack developments and economics in efficiency (in millions) from the previously published BHTY article at DOI: https://doi.org/10.30953/bhty.v6.280 \u0000Learn from other verticals to build a framework that is more comprehensive encompassing global perspectives \u0000Future proofing and stair-stepping design for an evolving technology – holistic guidance to find and execute the opportunities \u0000 \u0000 \u0000Obtain a framework for blockchain adoption based on the article. In addition, authors address the academic view of blockchain adoption, and that it is a combination of tech, policy, economics, consumer engagement, and operationalization. \u0000Acquire multi-dimensional discovery and specific blockchain constructs including provenance- consensus, trust maps, convergence, dApp human loops, and future proofing /stair-stepping \u0000Grasp global perspectives on evolving frameworks with in many verticals and the multi-dimensional nature of blockchain transformation, operationalization, blockchain-enterprise landscape, and AI automation. \u0000Gain a better understanding of why is blockchain an essential technology for the future of responsible AI and for scalability of solutions \u0000","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":"107 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140678928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jim Poteet, Mike Gault, Anjum Khurshid, MD, PhD, Suresh Sivagnanam, Alex Norta, PhD, Moderator: Horst Treiblmaier, PhD
Panelists discuss blockchain technology use for electronic health records, and specifically delve into the benefits that blockchain brings to EHRs, but also discuss what its pitfalls and limitations are; including presenting perspectives from academia, and examplesfrom practitioners. Learning Objectives Understand the potential applications of blockchain for electronic health records (EHRs). Explore the benefits and challenges of implementing blockchain for EHRs, including security, interoperability, privacy, and data integrity. Identify key use cases and real-world examples of blockchain implementation in healthcare and EHR management. Analyze the potential impact of blockchain on improving healthcare data exchange, patient consent management, and medical research. Discuss the regulatory and legal considerations associated with using blockchain in healthcare, such as compliance with data protection laws and standards. Examine the role of smart contracts and decentralized applications (DApps) in enhancing EHR management and patient control over their health information. Assess the scalability and performance limitations of blockchain technology in handling large-scale healthcare data and high transaction volumes. Evaluate potential cost savings and efficiency gains achieved through blockchain implementation in EHRs, considering factors such as data access, auditability, and administrative overhead. Discuss the future prospects and challenges of integrating blockchain with existing healthcare systems, standards, and infrastructure to achieve widespread adoption and interoperability.
{"title":"EHR Systems and Blockchain: Potentials, Challenges and the Road Ahead","authors":"Jim Poteet, Mike Gault, Anjum Khurshid, MD, PhD, Suresh Sivagnanam, Alex Norta, PhD, Moderator: Horst Treiblmaier, PhD","doi":"10.30953/bhty.v7.312","DOIUrl":"https://doi.org/10.30953/bhty.v7.312","url":null,"abstract":"Panelists discuss blockchain technology use for electronic health records, and specifically delve into the benefits that blockchain brings to EHRs, but also discuss what its pitfalls and limitations are; including presenting perspectives from academia, and examplesfrom practitioners. \u0000Learning Objectives \u0000 \u0000Understand the potential applications of blockchain for electronic health records (EHRs). \u0000Explore the benefits and challenges of implementing blockchain for EHRs, including security, interoperability, privacy, and data integrity. \u0000Identify key use cases and real-world examples of blockchain implementation in healthcare and EHR management. \u0000Analyze the potential impact of blockchain on improving healthcare data exchange, patient consent management, and medical research. \u0000Discuss the regulatory and legal considerations associated with using blockchain in healthcare, such as compliance with data protection laws and standards. \u0000Examine the role of smart contracts and decentralized applications (DApps) in enhancing EHR management and patient control over their health information. \u0000Assess the scalability and performance limitations of blockchain technology in handling large-scale healthcare data and high transaction volumes. \u0000Evaluate potential cost savings and efficiency gains achieved through blockchain implementation in EHRs, considering factors such as data access, auditability, and administrative overhead. \u0000Discuss the future prospects and challenges of integrating blockchain with existing healthcare systems, standards, and infrastructure to achieve widespread adoption and interoperability. \u0000","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":" 21","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140681165","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This session will explore the real-world impact value-based procurement and subsequent contracting, and health technology pricing in the context of value-based care. We will delve into innovative business models that are reshaping the healthcare landscape, promoting cost-effectiveness, and enhancing patient outcomes. Attendees will gain valuable insights into the evolving strategies driving value-based care and its implications for healthcare providers, payers, and patients. Learning Objectives Understand the concept of value-based care and its significance in the current healthcare environment Explore the real-world impact of value-based pricing on healthcare delivery and patient outcomes Examine the role of value-based procurement/contracting in driving cost-effective healthcare solutions Gain insights into health technology pricing models and their impact on value-based care initiatives Identify innovative business models that support value-based care and improve patient outcomes
{"title":"Pioneering New Business Models in Value Based Care","authors":"Ahmed Abdulla","doi":"10.30953/bhty.v7.318","DOIUrl":"https://doi.org/10.30953/bhty.v7.318","url":null,"abstract":"\u0000 \u0000 \u0000This session will explore the real-world impact value-based procurement and subsequent contracting, and health technology pricing in the context of value-based care. We will delve into innovative business models that are reshaping the healthcare landscape, promoting cost-effectiveness, and enhancing patient outcomes. Attendees will gain valuable insights into the evolving strategies driving value-based care and its implications for healthcare providers, payers, and patients. \u0000Learning Objectives \u0000 \u0000Understand the concept of value-based care and its significance in the current healthcare environment \u0000Explore the real-world impact of value-based pricing on healthcare delivery and patient outcomes \u0000Examine the role of value-based procurement/contracting in driving cost-effective healthcare solutions \u0000Gain insights into health technology pricing models and their impact on value-based care initiatives \u0000Identify innovative business models that support value-based care and improve patient outcomes \u0000","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":" 1037","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140682312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Natalia Sofia, Daniel Fritz, Disa Lee Choun, Moderator: Anca Petre
The panel explores the application of blockchain technology within the healthcare sector, focusing on its potential to enhance trust, transparency, and connectivity while reinforcing patient-centered control of data access. The discussion examines the opportunities for patient empowerment and improved patient access to healthcare information through decentralized ledger technology. The panel features industry experts providing insights into current trends, challenges, and future prospects of blockchain in pharmaceuticals, emphasizing broader use cases beyond specific organizations. Objectives Gain a comprehensive understanding of the role of blockchain technology in the pharmaceutical industry and its potential impact on patient care and relationships with the healthcare system. Explore the opportunities presented by blockchain for improving trust, transparency, and audibility in data sharing within the healthcare and medical environment. Understand the significance of patient-centered control in accessing, storing, and utilizing healthcare data and how blockchain can contribute to enhancing patient empowerment. Discuss the challenges and considerations associated with implementing blockchain in the pharmaceutical sector and explore strategies to overcome them while ensuring compliance with regulatory frameworks.
{"title":"PharmaLedger Association – Platform Launch Lessons Learned and Outlook","authors":"Natalia Sofia, Daniel Fritz, Disa Lee Choun, Moderator: Anca Petre","doi":"10.30953/bhty.v7.313","DOIUrl":"https://doi.org/10.30953/bhty.v7.313","url":null,"abstract":"The panel explores the application of blockchain technology within the healthcare sector, focusing on its potential to enhance trust, transparency, and connectivity while reinforcing patient-centered control of data access. The discussion examines the opportunities for patient empowerment and improved patient access to healthcare information through decentralized ledger technology. The panel features industry experts providing insights into current trends, challenges, and future prospects of blockchain in pharmaceuticals, emphasizing broader use cases beyond specific organizations. \u0000Objectives \u0000 \u0000Gain a comprehensive understanding of the role of blockchain technology in the pharmaceutical industry and its potential impact on patient care and relationships with the healthcare system. \u0000Explore the opportunities presented by blockchain for improving trust, transparency, and audibility in data sharing within the healthcare and medical environment. \u0000Understand the significance of patient-centered control in accessing, storing, and utilizing healthcare data and how blockchain can contribute to enhancing patient empowerment. \u0000Discuss the challenges and considerations associated with implementing blockchain in the pharmaceutical sector and explore strategies to overcome them while ensuring compliance with regulatory frameworks. \u0000","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":"3 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140681102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The importance of data and digitization in healthcare cannot be overstated. These advancements have the potential to revolutionize the way healthcare is delivered, leading to improved patient outcomes, enhanced efficiency, and better decision-making by healthcare providers. Blockchain technology can play a significant role in addressing the main challenges like data accessibility, privacy, interoperability and patient empowerment, ultimately transforming the healthcare ecosystem into a data-driven economy
{"title":"Data Economy in Healthcare on Blockchain Technology","authors":"Kevin Yavuz","doi":"10.30953/bhty.v7.316","DOIUrl":"https://doi.org/10.30953/bhty.v7.316","url":null,"abstract":" \u0000The importance of data and digitization in healthcare cannot be overstated. These advancements have the potential to revolutionize the way healthcare is delivered, leading to improved patient outcomes, enhanced efficiency, and better decision-making by healthcare providers. Blockchain technology can play a significant role in addressing the main challenges like data accessibility, privacy, interoperability and patient empowerment, ultimately transforming the healthcare ecosystem into a data-driven economy","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":" 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140681467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Our world has not caught up with technology, and as a result has become more dangerous and nefarious with clandestine actors. Learn what reputable organizations, businesses and academic pioneers are doing to preserve digital identity, data provenance, universal access, and secure privacy-preserving transactions, to harness socially responsible global data sharing.
{"title":"Developing a Secure Internet-based Network of Trusted Data","authors":"Thomas Hardjono, PhD, Florence Hudson, BSE","doi":"10.30953/bhty.v7.317","DOIUrl":"https://doi.org/10.30953/bhty.v7.317","url":null,"abstract":"Our world has not caught up with technology, and as a result has become more dangerous and nefarious with clandestine actors. Learn what reputable organizations, businesses and academic pioneers are doing to preserve digital identity, data provenance, universal access, and secure privacy-preserving transactions, to harness socially responsible global data sharing.","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":" 782","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140682294","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Blockchain technology has emerged as a pivotal point to enhance privacy and security in enterprise applications and cyber world. However, scalability is an issue researcher are grappling with, in large enterprises, especially in organizations bearing multiple levels of hierarchy and access privilege. Therefore, the existing models and consensus algorithms suffer one way or another. The medical or healthcare sector suffers this problem the most due to the huge amount of data and probably the central point of failure of the traditional database management system. This paper addresses the situation through a hierarchical model in Hyperledger fabric enterprise application through a healthcare sector use case. Multiple organizations are added to each hierarchy considering them as different organization levels (Hospitals, Hospital Governance, and Insurance company). Currently the first implementation has two levels of hierarchy to show networks of hospitals joining an Insurance Company. Our primary experiment revolves around this model to test and enhance the performance of the network. Performance of the model is assessed by varying and scaling environmental parameters such as the number of organizations, transaction numbers, channels, block intervals and block sizes. The benchmarking tool used is Hyperledger caliper to test various indicators such as success and failure rates along with throughput and latency. The current work only tests the scalability of the model with patient data.
{"title":"Scalability Performance Analysis of Blockchain Using Hierarchical Model in Healthcare","authors":"Lipsa Sadath, MSc, MCA, Deepti Mehrotra, Anand Kumar","doi":"10.30953/bhty.v7.295","DOIUrl":"https://doi.org/10.30953/bhty.v7.295","url":null,"abstract":"Blockchain technology has emerged as a pivotal point to enhance privacy and security in enterprise applications and cyber world. However, scalability is an issue researcher are grappling with, in large enterprises, especially in organizations bearing multiple levels of hierarchy and access privilege. Therefore, the existing models and consensus algorithms suffer one way or another. The medical or healthcare sector suffers this problem the most due to the huge amount of data and probably the central point of failure of the traditional database management system. This paper addresses the situation through a hierarchical model in Hyperledger fabric enterprise application through a healthcare sector use case. Multiple organizations are added to each hierarchy considering them as different organization levels (Hospitals, Hospital Governance, and Insurance company). Currently the first implementation has two levels of hierarchy to show networks of hospitals joining an Insurance Company. Our primary experiment revolves around this model to test and enhance the performance of the network. Performance of the model is assessed by varying and scaling environmental parameters such as the number of organizations, transaction numbers, channels, block intervals and block sizes. The benchmarking tool used is Hyperledger caliper to test various indicators such as success and failure rates along with throughput and latency. The current work only tests the scalability of the model with patient data.","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":" 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140689196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Background: In recent years, blockchain technology has made great strides in diverse industries but has fallen behind within the pharmaceutical industry. The pharmaceutical industry is complex and would benefit greatly from the distributed database and emphasis of information privacy promoted by blockchain technology. This paper identifies the potential best application for blockchain technology in the United States pharmaceutical industry by identifying current trends, companies exploring the possibilities of blockchain technology, and industry concerns with opportunities for improvement. Methods: We utilized a 4D framework using ease of implementation, novelty, necessity, and fit of the overall industry to examine the adoption of blockchain technology in the pharmaceutical industry. Based on the 2D framework of difficulty and novelty as driving factors for the development of foundational technologies in the world of business by Iansiti and Lakhani in The Harvard Business Review, each application was ranked and scored for the best potential implementation. The potential applications proposed in this paper can be grouped into two main categories. The first category, management, includes best use cases such as health records, clinical trials, and inventory systems. The second category, monitoring, highlights cases such as pharmaceutical products, preventing counterfeits, optimizing supply chains, and addressing prescription misuse and abuse.Results: Each application was ranked by the four metrics in the framework, giving the greatest weight to necessity and ease of implementation. Using the highlighted methodology above, the applications for best implementation include Prescription Drug Misuse and Abuse Prevention, Prevention of Counterfeits, Clinical Trial Outcomes, and Smart Contracts. Conclusion: Blockchain technology offers a new and promising solution to pharmaceutical industry needs. Each application of blockchain technology must fit within the framework of necessary, ease of implementation, familiarity amongst stakeholders, and fit of the overall industry to promote the most appropriate use. By using the extended framework proposed by Iansiti and Lakhani we show that blockchain, in all these domains, shows promise to improve pharmaceutical industry performance.
{"title":"Blockchain Applications in the Pharmaceutical Industry","authors":"PhD Mark Gaynor, PhD Kathleen Gillespie, Allison Roe, PhD Erica Crannage, MD J.E. Tuttle-Newhall","doi":"10.30953/bhty.v7.298","DOIUrl":"https://doi.org/10.30953/bhty.v7.298","url":null,"abstract":"Background: In recent years, blockchain technology has made great strides in diverse industries but has fallen behind within the pharmaceutical industry. The pharmaceutical industry is complex and would benefit greatly from the distributed database and emphasis of information privacy promoted by blockchain technology. This paper identifies the potential best application for blockchain technology in the United States pharmaceutical industry by identifying current trends, companies exploring the possibilities of blockchain technology, and industry concerns with opportunities for improvement. \u0000Methods: We utilized a 4D framework using ease of implementation, novelty, necessity, and fit of the overall industry to examine the adoption of blockchain technology in the pharmaceutical industry. Based on the 2D framework of difficulty and novelty as driving factors for the development of foundational technologies in the world of business by Iansiti and Lakhani in The Harvard Business Review, each application was ranked and scored for the best potential implementation. The potential applications proposed in this paper can be grouped into two main categories. The first category, management, includes best use cases such as health records, clinical trials, and inventory systems. The second category, monitoring, highlights cases such as pharmaceutical products, preventing counterfeits, optimizing supply chains, and addressing prescription misuse and abuse.Results: Each application was ranked by the four metrics in the framework, giving the greatest weight to necessity and ease of implementation. Using the highlighted methodology above, the applications for best implementation include Prescription Drug Misuse and Abuse Prevention, Prevention of Counterfeits, Clinical Trial Outcomes, and Smart Contracts. \u0000Conclusion: Blockchain technology offers a new and promising solution to pharmaceutical industry needs. Each application of blockchain technology must fit within the framework of necessary, ease of implementation, familiarity amongst stakeholders, and fit of the overall industry to promote the most appropriate use. By using the extended framework proposed by Iansiti and Lakhani we show that blockchain, in all these domains, shows promise to improve pharmaceutical industry performance. ","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":" 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140686759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-01-31eCollection Date: 2024-01-01DOI: 10.30953/bhty.v7.288
Tory Cenaj
Many people in the healthcare industry mistake the turbulent cryptocurrency market for a technology that offers significant benefits to healthcare administration, including improved interoperability, revenue recapture, and enhanced security and patient safety. Recently, these subjects were explored during the ConVerge2Xcelerate (ConV2X) 2023 Symposium held at Loyola University in New Orleans, Louisiana, USA. Who benefits most from this discussion - service providers, those seeking to transform outdated business models, or both? The mention of blockchain technology often discourages conversation, causing those who have sound success solutions to approach the topic from alternate perspectives. In the Blockchain in Healthcare Platform Approaches Special Issue, Volume 7, Issue 1, 2024, we share valuable insights based on specific use cases to provide healthcare executives with a nuanced understanding. Several open-access recordings are available, providing a glimpse into the wealth of knowledge and insights shared to advance the business of health with blockchain technology. Recognizing the need for a paradigm shift, we explore topical subjects and cases with various thought leaders in the field.
{"title":"Highlights from Advancing the Business of Health with Blockchain and Frontier Tech at ConV2X Symposium 2023.","authors":"Tory Cenaj","doi":"10.30953/bhty.v7.288","DOIUrl":"https://doi.org/10.30953/bhty.v7.288","url":null,"abstract":"<p><p>Many people in the healthcare industry mistake the turbulent cryptocurrency market for a technology that offers significant benefits to healthcare administration, including improved interoperability, revenue recapture, and enhanced security and patient safety. Recently, these subjects were explored during the ConVerge2Xcelerate (ConV2X) 2023 Symposium held at Loyola University in New Orleans, Louisiana, USA. Who benefits most from this discussion - service providers, those seeking to transform outdated business models, or both? The mention of blockchain technology often discourages conversation, causing those who have sound success solutions to approach the topic from alternate perspectives. In the Blockchain in Healthcare Platform Approaches Special Issue, Volume 7, Issue 1, 2024, we share valuable insights based on specific use cases to provide healthcare executives with a nuanced understanding. Several open-access recordings are available, providing a glimpse into the wealth of knowledge and insights shared to advance the business of health with blockchain technology. Recognizing the need for a paradigm shift, we explore topical subjects and cases with various thought leaders in the field.</p>","PeriodicalId":72422,"journal":{"name":"Blockchain in healthcare today","volume":"7 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11073475/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140878045","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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