Importance of Research for Blockchain in Healthcare

The early success of Blockchain is because of the collective effort by groups of companies known as consortiums, which have since banded together in mutual research & development to propel Blockchain’s capabilities in real applications.

These real applications are known as Use Cases where each successful use case demonstrates Blockchain’s capability to deliver enhanced information processing, optimized process management and enhanced business productivity.

Some of these use cases involved the following Blockchain healthcare applications:

Interoperability of Clinical Health Data Exchange
Claims Adjudication and Billing Management
Drug Supply Chain Integrity and Provenance
Enhanced Collaboration within Pharma Clinical Trials and Population Health Research
Improved Security and Healthcare IoT via Cryptography

While consortiums are setting the standards for healthcare’s Blockchain adoption, the healthcare industry must also start its own Blockchain initiatives through compelling collaborations to push Blockchain’s transformative effect into the road to democratization.

Healthcare and Research

The creation of Blockchain solutions in healthcare was pioneered by consortiums. The resource and level of technicality pledged within the joint effort is paramount only to the largest healthcare providers that have the technical means to engineer, develop and optimize Blockchain.

For clinics and healthcare providers, this is not the case as often, these individual or collective entities lack the technical resources to start a Blockchain. However, what they lack in technical resources, they can make do with stocking up with knowledge and information.

Research is the most potent resource of health exchanges, group of laboratories or health learning science centers. In harnessing research as the primary resource, these smaller clinics or healthcare organization will be able to enrich their capability to understand, grasp and build their knowledge base about Blockchain in healthcare.

Blockchain Research Hubs as Incubators

Knowledge harnessed through research is the foundation of the many consortiums that are working in leveraging Blockchain across industries. When an organization banks and stores knowledge based on technology, the strength of collaboration is further enhanced through serving foundational knowledge that enriches the mutual participants.

For a group of clinics, laboratories, organizations and scientific researchers, affiliation and collaboration through Blockchain research is the first and important step in knowing Blockchain’s capabilities.

Through a joint research, these newly formed working entities can further determine and identify Blockchain’s potential to outfit the working group with a customized Blockchain solution in terms of the following:

Blockchain as a support platform to enhance future joint research
Blockchain as a service to clinical and medical coverage
Blockchain for interoperability of sharing health and medical data
Blockchain to start collaborating with consortiums
The technical requirements of Blockchain
Public and Open Source Blockchain resources

Blockchain requires an intricate support structure and foundational knowledge. For many health and medical organizations, the lack of knowledge is the primary roadblock when it comes to Blockchain adoption. But with research, knowledge becomes the turnkey and foundational knowledge to set up Blockchain for adoption.

DynaQuest is a specialized solutions company that is working with independent healthcare and research organizations as the first step towards Blockchain. Our framework of research, procurement and specialty support services in Blockchain guides organizations to the successful integration of Blockchain.

DynaQuest Technology Services