The potential of medical drugs

Accelerating the regulatory processes of health insurance companies or the transfer of EHRs is a challenge that will take ten to fifteen years to come, according to Michael Gucci, an emergency physician and founder of Bitcoin Fortress Ventures.

„We have to think in small steps, hospitals will never implement huge changes.“

Instead of focusing on EHR and insurance, Gucci believes that blockchain entrepreneurs should first focus on the medical device market, which has disruptive potential.

Companies like Block Verify from Great Britain are working on the news spy

Even if counterfeit drugs are less of a problem in the United States, the situation is completely different in developing countries. This problem costs the drug industry billions of dollars a year. Worse still, the news spy trade in counterfeit medicines claims thousands of lives, as the American Health and Drug Benefits Report showed in 2014.

The company has carried out several tests to enable medical workers and customers to verify the integrity of the drug via the blockchain using QR codes on pill vials.

Rome was not built in one day

This is consistent with Holt’s idea that the role of blockchain entrepreneurs is to find solutions to simpler problems in the areas of data integrity and data origin.

An example of this is Saavha. This blockchain startup has one task: to confirm the integrity of health plans. With the Veterans Affairs (VA) scandal of 2014 and other still existing problems in this context, this service is particularly interesting as it deals with big problems of poorly managed waiting lists.

According to a proposal by a member of the US Congress, this problem is something that could be solved with blockchain technology.

According to Holt, the VA has much stricter regulations than many hospitals. The data used must be encrypted on a hard disk that is under constant surveillance in a locked room. And yet – the data could be manipulated.

Saavha’s assistant physician and co-founder, Matthew Rose, is convinced that while it is appealing to solve a big problem, it is more practical to solve the small problems within the big one.

One example of this is the history of medicine: according to Rose, one reason for the great progress in this area is that each scientist has only worked on a small part of the problem. In cancer research, for example, some doctors focus on tumor removal practices, others on how to safely separate tumors from the blood supply, and still others on the role of proteins.

Under the hood, Saavha works as follows: A hash of all data relevant to the doctor’s appointment is stored in the blockchain, proving that the data was not changed later.

This use case cleverly avoids a frequently repeated accusation against the blockchain: One often accuses the blockchain of being slow by nature and therefore not being the best solution for large amounts of data.

Since the focus here is on data integrity, EHRs can simply store a short hash on the blockchain and thus prove the validity of information stored elsewhere. This information is often stored in centralized databases.

The best of two worlds
These centralized databases could in turn benefit from somewhat more exotic blockchain applications.

Andrian Gropper, CTO of the non-profit group Patient Privacy Rights, believes that these centralized databases should be scaled down significantly. After all, these databases contain the patient records of up to ten million patients.

„We have thus created an El Dorado for data thieves. Tens of thousands of people in hospital staff have access to this data. And for the user, these systems are completely inscrutable.“

This is a well-known problem in the industry. Only last year, data thieves performed the largest health hack ever in the industry. The data of more than 78 million patients were disclosed. In March, the MedStar Systems clinical information system was hacked and had to be taken offline.

This misery will continue – Healthcare data is almost a hundred times more valuable than stolen credit card data.

„The only hope of securely managing this type of personal information is to put it back in the hands of a decentralized group. The blockchain will play a central role in this.“

This is exactly what motivates Gropper to create a patient-centered health platform.

#BTCM2017: Impressions from the Bitcoin and Blockchain Conference at the Blockchain-Hotel Essen

BTC-ECHO was last weekend (15.09 and 16.09) at the Blockchain Tech Crypto Meetup #BTCM2017 at the Blockchain-Hotel Essen. During the two-day event we were able to gather many interesting impressions and talk to top speakers from the Blockchain sector – we don’t want to deny you that. A video report with many interesting interviews follows. A review of the #BTCM2017.

Friday morning started after a delicious breakfast in an unbiased atmosphere with some top speakers, including Oliver Flasskämper: Oliver Flasskämper from Bitcoin.de, Andrei Martchouk from KI Dezentralized (both in interview with BTC-ECHO), Friedemann Brenneis (Coinspondent) and Jason King from Unsung.

Unsung – Decentralization Fights Hunger

Unsung has made it his business to actively fight hunger. The operator Jason King introduced the situation in the USA, which does not differ so much from our European situation: There is enough food, tons of food are disposed of every day and yet there are still people who cannot regularly buy healthy food due to their low income or other reasons.

Instead of storing donated food in large warehouses, King came up with the idea of picking it up directly from the donor and bringing it to the next person in need. Decentralization saves time and money. Monetary donations can also be accepted. Of course, we don’t need a donation account for this anymore: King accepts donations in the form of Bitcoin or Ether!

TYKN – Secure the birth cure on the Blockchain

It is the most important document in life: the birth certificate. It connects an identity with a person, provides information about age, origin and ancestry. According to TYKN’s Tey ElRjula, terrorist groups always aim to destroy such documents when taking over cities. As soon as the documents are extinguished, the victims are practically stateless and at the mercy of a gauntlet for new documents.

ElRjula himself has come a long way: the Syrian had to flee through several North African states before finally arriving in the Netherlands. Today he is fully integrated, speaks Dutch, has a job, a home and a dog. On his driver’s license it says under place of birth: obekend – Dutch for: unknown.

Even today, a person’s most vulnerable document is still issued manually. TYKN wants to change that: With the connection to the Ethereum or Hyperledger blockchain, identities are to be secured once and for all, so that nobody has to be considered homeless anymore.

Liberland – a new country in freedom
Vít Jedlicka is actually Czech. His idea was to change the world for the better from an early age. He was active in Czech politics and even reached the European level. But in the end, according to his own statements, he remarked that he would never change the basic structures. In response to this realization, he joined forces with a few to found Liberland.

Liberland is a young country between Croatia and Serbia that has existed since 2015. It is not internationally recognized, but high politicians from the USA and other states want to support Liberland. The small country could only be founded by Croatia and Serbia not claiming this small island in the Danube for themselves and assigning the property to the other.

Liberland is to become a tax haven. Through a very liberal approach, President Jedlicka wants to privatize all parts of the state of Liberland: Police, administration, health care, trade and much more.

With a digital administration inspired by Estonia, the state should give its citizens absolute freedom. According to the Liberland motto: „Live and let live“.