Bitfury & Longenesis Project To Manage Medical Data Permissions With Blockchain
The Bitfury Group and Longenesis have jointly launched production of a blockchain-based consent management system for the healthcare industry.
According to the release, the new product addresses issues with the management of user consent for ongoing and upcoming research adventures, compliance with the General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA). It also streamlines data collection for medical research.
Upon collection, all data and updates to user consent are reportedly recorded on the ExonumTM blockchain with timestamping for future auditing. The solution can purportedly be used both as a full data-management system and as an add-on to existing digital systems for storing user consent. CEO of Insilico Medicine, Inc., Alex Zhavoronkov, said:
“While the regulations vary from country to country, the research organizations should strive to deploy content management systems that protect the data owners far better than any regulation. At the same time, the consent procedure should be pain-free, rapid, cost-effective and universal to ensure that the patients are fully-protected and educated.”
In February, Bitfury partnered with radiology blockchain marketplace Medical Diagnostic Web (MDW) to create a blockchain-based medical imaging ecosystem.
Blockchain technology has been actively deployed by organizations around the world aiming to transform electronic health information. South Korean Ministry of Science and ICT and the Seoul Medical Center in March jointly developed the “Smart Hospital” project with the aim of improving data accuracy.