BLOCKCHAIN IN Healthcare & Life Sciences

Blockchain is the Antidote for a Pained Industry

Breaking Silos To Provide Transparent Networks, Reduce Fraud, Secure Data, and Improve The Patient Experience

For healthcare providers, blockchain offers the ability to bring together siloed networks to empower more efficient partner communication and unify dispersed transactions throughout ecosystems. The secure and transparent infrastructure of blockchains reduce instances of fraud and empower patients to own their own data while providing visibility on a need-to-know basis. Cost savings in the categories of unnecessary billing and incorrect information have the potential to range upwards of hundreds of billions.

For Life Sciences, the track and trace capabilities of blockchain offer an opportunity to dramatically innovate the industry. Transparency across the Life Science’s supply chain enable trust and visibility among patients, investigators, managers, manufacturers and doctors. In an industry where regulations are heavy, the traceability will help prevent medicine fraud, eliminate duplication of serial numbers, and provide an end-to-end from lab to recipient transcription.

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Healthcare & Life Sciences Blockchain Use Cases

Medical Records

Encrypted proofs of a patient medical profile is shared across providers, payers, insurers, etc., but is owned and controlled by the patient. This can closely be tied in with consent management and how to track consent and release of sensitive information across multiple sites, systems and protocols.

Clinical Trials

The tracking and audit trail that Blockchain provides makes for an immediate impact in Clinical Trials. Clinical best practices require as much transparency as possible when dealing with where data was entered, who entered the data, where was the drug was shipped from, what conditions was the drug shipped in, and who ended up participating in the Clinical Trial. By utilizing blockchain technology, the operations at sites, CROs, and sponsor organizations will operated at much more efficient levels that without the ability to control access to data.

    Patient Wearables

    Blockchain and IoT make for a very logical system of integration. It’s estimated that by the year 2020, over 50 billion devices will be available in the world. Some of those wearable devices can broadcast specific patient information and offer real-time monitoring. Blockchain and wearables that capture biometrics such as Heart rate, Brainwaves, and Muscle bio signals can easily offer a new level of visibility, security and traceability for patients health.

    BREAKING SILOS TO PROVIDE TRANSPARENT NETWORKS, REDUCE FRAUD, SECURE DATA, AND IMPROVE THE PATIENT EXPERIENCE

    ABOUT US

    Envision Blockchain Solutions is a Blockchain Ledger Agnostic Systems Integrator. Our mission is to reshape and align today’s Enterprise systems allowing organizations to recognize the new value in tomorrow’s Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Blockchain and Business Transformation Processes within Emerging Technologies. We focus on guiding organizations through 3 major milestones on their Blockchain journey: Use Case Analysis, Proof of Concept Development and Enterprise Scaled Deployments.