MedGizmo - MedGizmo Blockchain in Healthcare – September 2017 Update - I
02.10.2017, 10:54   MedGizmo

MedGizmo Blockchain in Healthcare – September 2017 Update - I

This September we started series of posts Healthcare Blockchain: Healthcare Blockchain: MedGizmo Reference Overview  where we plan to provide brief overview of basic reference sources that emerged this year – the ones that help to understand technology. Containing this effort, here we list major news stories that we handpicked for our MedGizmo Twitter Feed in September. 
The first part – is the news of more general character, while in follow-up posts we will list September developments in various countries and latest updates on Healthcare Blockchain companies.

This post reveals popularity of Blockchain with investors: 

IEEE Spectrum: Wall Street Firms to Move Trillions to Blockchains in 2018 - If all goes well, a far larger chunk of the quadrillion-dollar securities market, along with many of the administrative tasks performed by banks and brokerages, could soon be running on corporate blockchains. 

While the investment data shows Blockchain healthcare industry raised a very small amount via ICO:
The Merkle: Top 10 Least Popular ICO Industries of 2017  - Although the healthcare industry can benefit from blockchain and decentralized technologies, very few ICOs are focusing on this sector for the time being. With US$8.31 million being raised through such efforts, there is a lot of room for growth.

More Pessimistic post:

GenomeWeb: Blockchain Remains Mostly Theoretical in Precision Medicine  - With all the talk about how blockchain technology might finally represent the breakthrough in interoperability and security that precision medicine needs, actual usage of blockchain in life sciences research and clinical practice so far has been hard to find. "It is more of a potential," said Kamaljit Behera, an industry analyst in the Visionary Healthcare Program at consulting and research firm Frost & Sullivan. Some pharmaceutical and medical device companies have completed proof-of-concept studies of blockchain technology, but as far as Behara knows, nothing has been commercialized yet.
Here is the list of some notable news posts of general reference information:

MIT Technology Review: What the Hell Is an Initial Coin Offering?  - Some people think ICOs could lead to new, exotic ways of building a company. A small sampling of the projects that have raised millions via ICOs recently includes a Web browser aimed at eliminating intermediaries in digital advertising, a decentralized prediction market, and a blockchain-based marketplace for insurers and insurance brokers.
Visual Capitalist: Comparing Bitcoin, Ethereum & Other Cryptos  - a major problem still exists for the layman: it’s really challenging to decipher the differences between cryptocurrencies like Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple, and Dash. For this reason, we worked with social trading network eToro to come up with an infographic that breaks down the major differences between these coins all in one place.
Enterprise Monkey:  Rookie’s Guide to Blockchain Technology   - From government to big organisations, to investors, to entrepreneurs, to startups; have begun to understand the immense potential of Blockchain technology. Let us unfurl the fundamentals of this technology.

FORBES: Blockchain, Bitcoin, Cryptocurrency And ICOs - All You Need To Know In 10 Minutes 

COINTELEGRAPH: Why Europe is Fertile Ground for Blockchain New Industrial Revolution - The European regulatory framework, a pillar of the Old World, is fertile and ideal for fostering this new paradigm of distributed innovation. Within Europe, there are stand-out examples of governments actively supporting and accelerating the use of Blockchain technology. For several reasons, the US is noticeably lagging behind the EU in the Blockchain space.

CoinDesk/Zeker.Me: State of Blockchain Q2 2017
  - Institutional capital continues to flow in, now directed towards investment into tokens

Crypto Insider: Medical professionals catching blockchain fever 
 - clinics are realizing that it is vital to go beyond simply modernizing equipment and investing in R&D. True industry 4.0 readiness requires the implementation of revolutionary new procedure models – and some are wondering if blockchain technology can provide precisely that.

Huffpost: Blockchain Innovation In Healthcare & Life Sciences 
Blockchain is changing the healthcare and life science industry, summary of blockchain opportunities across markets - Salesforce

Techracers: Regulation of Blockchain Revolution: Current status & future trends 
- Despite a very promising future, blockchain as a technology is questioned for its regulatory status

IBM Mobile Business Insights: Blockchain tech 3 examples of revolutionary innovation in healthcare -  Guardtime Estonian EHR, Gem & CapitalOne tackle financial inefficiencies; iSolve speeds lifesaving drug development 

Upwork Global: 3 Benefits of Blockchain in Healthcare And How It Will Revolutionize the Industry  - Smooth health data exchange and interoperability; transparent billing management; drug supply chain source and integrity

Healthcare Informatics Institute: Blockchain in Healthcare: Will You Lead or Follow?
-  The use of blockchain in healthcare can reinvent the ecosystem in limitless ways to benefit the patient and advancements in treatments, outcomes, security and costs.

Blockchain Council: How Blockchain Can Be Used In Healthcare & How It Works
- a brief study on how Blockchain can be used in Healthcare & how it works

Futurism: Blockchain Is Ready to Completely Transform Healthcare Industry 
- projects like MedRec demonstrate just how much emerging technologies can do to help improve healthcare and save lives.

Pharmaphorum media: The case for blockchain in healthcare
- Helen Disney argues that blockchain is the tool needed to manage the vast quantities of data swamping healthcare systems, securely and efficiently.

MIT Technology Review: Who Will Build HealthCare #Blockchain?
- before an industry-wide revolution in medical records is possible, a new technical infrastructure—a custom-built “health-care blockchain”—must be constructed.

Frost & Sullivan: Why Healthcare Industry Should Care About Blockchain? .pdf
- Frost Prospective – Growth Opportunities for Blockchain in Healthcare

WorldNews (WN) Network: How BlockChain Tech Could Revolutionized Healthcare Sector
- Three ways application of blockchain technology might advance the healthcare sector: Telehealth, EHR using blockchain technology, smart devices and wearables

ACC DOCKET: Blockchain Meets Healthcare .pdf
- Understanding the business model and implementing initiatives. The promise for healthcare is a secure system for improving audit and compliance processes, financial and contract management, resource tracking and verification, and overall data liquidity at a cost that is a fraction of today’s centralized databases

Digital Systems & Technology Cognizant Reports: Healthcare: Blockchain’s Curative Potential for Healthcare Efficiency and Quality
- ability of blockchain networks to automate manual processes, such as the validation of payer-provider contracts and member authentication, could speed processing times and dramatically slash operating costs. Blockchain may also enable greater transparency and reduce errors in areas such as billing and prescriptions

American Research and Policy Institute: Blockchain Applications and Use Cases in Health Information Technology .pdf
 - We suggest that blockchain can potentially solve these issues. We argue that a public program such as the U.S. Medicaid program with $553 Billion in total program costs and over $25 Billion spent on health information technology and administration last fiscal year could benefit from the use of blockchain based distributed ledger and smart contracts. We finally argue that a decentralized benefits administration system can provide greater efficiency to enrollment, eligibility, claims payment and adjudication processes thus driving efficiency and reducing systemic fraud.

University of Novi Sad, Faculty of Technical Sciences, Novi Sad, Serbia: A Case Study IoT and Blockchain powered Healthcare .pdf  - Motivated by possibilities of Internet of Things we examine could we combine it with distributed peer-to- peer network where non-trusting members can interact without a trusted intermediary – Blockchain for collecting and securing sensitive patient data. We show how we can use IoT devices as sources to collect data in real-time or near real-time and Blockchain for secure access and data exchange between institutions. We also examine possibilities of smart contracts in such environment.

Delft University of Technology: Evaluation of Blockchain Technology on Potential Implications for eHealth .pdf 
-  This research focused on exploring the potential of the blockchain technology for business model innovation with the use of business model patterns as a theoretical construct. From the scientific perspective, research contributed to a better understanding of the role of business model patterns as a construct with multipurpose character. The construct was used in a role of classification device to gain an understanding over the technology associated business model logics and in a role of instruments of scientific inquiry to explore potential technology implications. A two-way relationship between the disruptive technology and business models was considered. As a result,  tokenization was proposed as a new business model pattern, specific to the blockchain technology.

Disruptor Daily: Blockchain Stands Poised To Disrupt Healthcare Supply Chain -   Blockchain technology offers possibilities for increased automation, product tracking, resource planning and much more. When a supplier packages their products, they can integrate their products with the internet of things to monitor their status and condition. Startups like Chronicled and PalleTech are building smart solutions to improve product management.

ETtech: Opportunities For Blockchain In Healthcare & Pharma
-Through building a trust network, decreasing cost per transaction, improving speed, and increasing access to patient and health data, blockchain has already impacted areas such as precision medicine, patient care and outcomes research (PCOR), and Nationwide Interoperability Roadmap.
02.10.2017, 10:54   MedGizmo
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