Blockchain for Life Sciences Engineering
Blockchain has many applications in the life science. Blockchain can provide a verifiable backbone to data across the entire industry, from supply chain to research findings. Here we will see the problems faced by the life sciences engineering field today, and how blockchain will overcome these problems.
Problems Faced Today
Data Protection
It’s more important than ever to protect data in life sciences. Much information throughout the industry remains unencrypted, stuck in vulnerable silos across many different divisions. This raises the risk of data loss or breach.
Supply Chain Quality
Chemicals and other resources need full digital identities.
Sharing Research Data
Sensitive data across life sciences cannot be shared easily due to confidentiality. Information contained in confidential research cannot be used to bring new innovations to the world.
Solution: Blockchain Technology
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Access to Secure Data
Access to Secure Data
Blockchain will protect life sciences data. For example, medical records from patient research can be better protected. Within clinical trials, proof of existence platforms are being developed to provide innovators with a secure, hack-free way of storing encrypted data. This will allow companies to verify intellectual property and data.
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Supply Chain Integrity
Supply Chain Integrity
It’s more important than ever to verify chemical and biological materials used in life sciences. Blockchain can help track every item from origin to delivery. Intermediaries can verify receipt of drugs and provide updates such as date received, days in storage and date shipped.
Audit
Sharing Sensitive Data
Sharing Sensitive Data
As the information stored on a blockchain is encrypted, it can be possible for researchers within life sciences to enjoy previously inaccessible access to data that protects identity of individuals involved.
Advantages that Blockchain can Provide
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Secure Storage
Secure Storage
Rich, valuable data can be stored perfectly on the blockchain.
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Data Sharing
Data Sharing
Multiple parties have access to a single, “source of truth”.
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Data Integrity
Data Integrity
Incorrect data can be rejected from uploading onto a blockchain, while correct data is kept.
