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decision support. It alsoenablesphysician-coordinatedpatient care that canbe fully
managed through the platform. On the other hand, the mobile app enables con-
sumers to efficiently track andmanage information about their ownhealth and any
costs associated with it. Furthermore, the secure transfer of the users’ medical
information,which is securedwithin the PTOYNet blockchain, is facilitated.With
these services and benefits, patientory seeks to revolutionise the relationship
between patients, physicians and healthcare institutions by utilising blockchain
technology (Patientory 2018). It is critical to note that there is still no generally
recognised blockchain for the healthcare sector. Nevertheless, patientory has taken
an important step in this direction by founding the Patientory Association as a
supervisory consortium.
4.3 Medblock
The London-based companyMedBlock (medblock.co.uk) intends to store patient
data using blockchain and integrate it into the medical treatment process. The
company is focusing on a b2b business model which not only allows secure and
decentralised data storage and exchange but also wants to enable (predictive)
analyses of the available data. The company connects existing EHR systems onto
the blockchain network enabling the automation of arbitrary business processes
using thedata. It, however, doesnot explain theexactprocessofdata analysis.This
is particularly regrettable because the use of artificial intelligence should certainly
offer added value here, while the communication between the blockchain and the
algorithmwould beworth discussing. Regardless of the procedure, the evaluation
of the data should always be carried out under the control of a physician who is
supported bymodern technology.
Particularly against thebackgroundof increasingglobalisation, it seems tomake
sense to store healthdata securely andat any timeworldwide for quick comparison
during treatments. This is especially true for emergencies, as rapid data availability
can be crucial for targeted and successful treatment. For the patient, a transparent
insight into the data is relevant for an overview of their own health and correct
billing. They are informed about updates on the blockchain by e-mail.Doctors can
avoidmultiple documentation of the same diseases and thus bureaucratic effort by
updating existing entries. Insurance companies canmake data retrieval more effi-
cient andcoordinate anydifficultieswithall parties involvedon thesamedatabasis.
MedBlock promises to connect existing electronic health record (EHR) systems
with the blockchain, without specifically addressing the technical implementation
of the interfaces.Thecompany relies onaprivate blockchain anduses technologies
from IBMBluemix, the IBMCloud and IBMWatson Health. Against the back-
ground of the points discussed above, this seems to be the best solution so far.
According to the company’s information, the blockchain is based on the Hyper-
ledger Fabric v.1.4 platform (as of April 2020), as the following figure shows.
MedBlock cooperates with Altoros (Sunnyvale, CA, USA) on the development
side.
114 S. Gerth and L. Heim
Digital Entrepreneurship
Impact on Business and Society
- Title
- Digital Entrepreneurship
- Subtitle
- Impact on Business and Society
- Authors
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Publisher
- Springer Verlag
- Location
- Cham
- Date
- 2021
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Size
- 16.0 x 24.0 cm
- Pages
- 340
- Keywords
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Category
- International