Applications of Blockchain in Healthcare: Current Landscape & Challenges

Access control system built using trust on blockchain puts patients in control of their data; they can grant consent and access rights to external parties like researchers to have access to all or subset of their medical records.

global consensus model:every node agrees on the same state of the network and stores the complete chain to validate any transaction

local consensus model:reduces the storage requirements on individual nodes and is generally more scalable than global consensus counterparts.

Types of blockchain

  • Public blockchain A public blockchain is permissionless, and anyone can easily participate and validate the transactions.
  • Federated blockchain A federated blockchain is a permissioned blockchain operating under the leadership of a group often called the consortium.
  • Private blockchain:permissioned blockchain centralized to one governing organization.
    faster, higher throughput

Pharmaceutical sector

Blockchain can have a huge positive impact on all three pillars of analytics: data, model, and computation.

incentive features such as crypto assets and reputation scores can be used to encourage participation and submission of better models

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