Fighting Boston Scientific Counterfeit In Healthcare With Blockchain Technology
Counterfeit goods and ingredient sis a major threat to not just the financial ecosystem, but to the health of consumers around the world. Boston Scientific is the latest company being called out on using counterfeit ingredients, which could severely affect consumer health. If only these companies had used blockchain technology to ensure all of the materials used were genuine, this class action lawsuit would have been prevented. There is no denying the blockchain offers plenty of use cases that will affect the everyday life of both consumers and businesses all over the world. Most consumers....
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Counterfeiting is a matter near and dear to all of our hearts, albeit fighting this trend seems all but impossible. Despite best efforts by government officials around the world, more and more counterfeit goods are making their way to legitimate marketplaces near you. Blockchain technology will play an important role in the battle against counterfeit goods, assuming manufacturers are willing to do something about this problem in the first place. To give you an example of how lucrative the counterfeiting business can be, it’s not just about printing fake currency bills. Fake goods, on the....
The healthcare business is booming these days, as this sector is in dire need of some technological innovation. Even though most everyday consumers might feel the world of healthcare has evolved with leaps and bounds, there is still a lot of work left to do. Prenetics is one of the many startups exploring the healthcare market, and their focus lies on DNA testing. Perhaps blockchain technology can be of use down the line. Every time the topic of DNA testing comes up, there will be privacy advocates claiming how this method is invasive and needs to be fine tuned. Prenetics has taken these....
At a working group meeting of the Hyperledger blockchain project today, a representative for global professional services company Accenture pitched the early phases of a project designed to fight the spread of counterfeit drugs using blockchain technology. The details came during a meeting of the initiative's working group focused on project requirements. Accenture's connected devices software lead Primrose Mbanefo, who works with its Internet of Things business development team and helps produce some of the company’s proofs-of-concept, described how more efficient tracking of medicines....
With the announcement of Gem Health, Gem is continuing their impressive growth in delivering blockchain platforms for smart networks. Gem has always made it clear that they consider healthcare to be an attractive target for their solutions. With this announcement they have taken a large step towards building a “blockchain network for global healthcare.” The goal is for the group to build a data infrastructure capable of supporting worldwide connectivity for healthcare. Gem has signaled that this will include a community driven educational element. The group also plans to lean on Ethereum....
The storage of Electronic Health Records (EHR) in the United Arab Emirates could soon be revolutionized after the development and implementation of storing patient records on a blockchain. A partnership between UAE Telecom du, a telecom and broadband provider and NMC Healthcare, a major private healthcare provider in the region will be the first to introduce blockchain technology into the management of patient information within the UAE, according to a report by regional tech publication ITP. Some of the core characteristics of blockchain technology, including data integrity and....