Healthcare industry and blockchain

Fitness&Health data management and problem-solving

It is widely agreed that blockchain technology has the potential to disrupt the health sector by making user -generated data the core of the healthcare ecosystem. It can achieve this by increasing the security and interoperability of health data. VRS provides key management for health and health data management through mobile health APP or wearable devices and for interconnection between Value-Chain.

Blockchain is a distributed system which records and stores transaction records, in a fashion making it impossible to change the content of the transaction in a digital ledger. Each transaction block is stored in the ledger and chronologically linked to another block after the transaction records are verified by a distributed peer-to peer network. End-to-end encryption makes an interaction like storing, exchanging and viewing information possible without established trust between the parties. Avoiding one central authority, blockchain relies on an anonymous network of participants preventing privacy and confidentiallity breaches. Blockchain-based smart contracts represent contracts that can be fully executed when intermediary checking contract conditions Until now, intermediaries played a crucial role in exchange of value situations, thus earning from their role. Smart contracts enable end users to enter a trusted relationship without any other authority. The sensitive nature of health-related data and the need to be able to delete this personal data in order to fulfil data protection regulations in some parts of the world (Especially EU)does not allow for storing this data itself on blockchain. In this case,we can solve the problem by allowing micro-payments and a permission storing mechanism. Registering permissions to access patient-generated data on blockchain, users are empowered to control who can access their data, and under which conditions. This capability enables individuals to be the owners of their precious data asset.This data set can be compiled from information originating from a variety of data sources; ranging from electronic medical records provided by hospitals, clinics and doctors, to fitness/wellness data generated by Health apps and wearables. It can also be complimented by disease and treatment monitoring applications and custom information added by a user individually. In addition, further data users will be able to demonstrate that the data owner gave her permission for the use of this data. With data protection regulations tightening around the world, this feature will enable third parties to give solid proof on data provenance on the blockchain.