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.

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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.

by Gauthier Vila