The healthcare industry faces a number of problems when it comes to clinical trial management such as inefficiencies, lack of security and compliance, and difficulty enrolling eligible study participants. Blockchain technology can help improve these issues by implementing a permissioned blockchain for controlled access, using smart contracts for secure data exchange, and providing financial incentives for eligible patient participation in clinical trials. This results in a secure, decentralized platform for data storage and sharing and efficient and compliant data exchange.
Blockchain technology can improve data management in the healthcare industry by allowing for secure, decentralized data storage and sharing. Permissioned blockchain can control access through storage locks and data blinding/unblinding, reducing data redundancy. Smart contracts can enforce access credentials and verify data, leading to more secure and efficient data exchange. Blockchain can also incentivize patient participation in clinical trials through financial incentives and simplifying the enrollment process.Close