Blockchain Tech to be Researched by US Food and Drug Administration
The US Food and Drug Administration (FDA) is partnering IBM to research blockchain technology applications toward the exchange of health data. Revealed in an announcement yesterday by IBM Watson Health, the US federal agency is looking at ways in which health data be shared from medical devices and wearables, clinical trials and data from mobile devices. An initial focus will be dedicated to oncology-related data, the press release by IBM added. The joint-initiative will last two years until early 2019 and initial research findings are expected to be revealed this year. Blockchain’s....
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The US Food and Drug Administration (FDA), the government agency responsible for approving and regulating medical products, announced today its intent to study blockchain tech. Revealed in press materials published by IBM Watson Health, the research initiative will find the FDA teaming with IBM to explore how data from electronic medical records, clinical trials and health data from wearable devices could be better shared and audited using a blockchain. Initial tests will focus on clinical trials and real-world evidence data related to oncological data, according to the statements.....
Walmart recently opened its Food Safety Collaboration Center in Beijing. The new initiative means the multinational is collaborating with IBM and Tsinghua University to improve food quality through the supply chain. It means the food safety partnership is utilizing blockchain technology to provide better food tracking and consumer safety. Three....
The startup at the heart of a healthcare-focused blockchain consortium has raised $1.85m. The funding round for Hashed Health was led by Martin Ventures, an existing investor. Blockchain VC firm Fenbushi Capital, along with a group of private investors and relatives of the management team, also took part in the round. In statements, Hashed Health’s backers positioned the new funding as a way for the consortium to advance its work. Charles Martin, chairman and founder of Martin Ventures, said of the round: “The healthcare industry must be drastically reformed in order to address problems....
Balaji Srinivasan, the CEO of 21 Inc. is said to be one of the potential candidates for the post of the Commissioner of US FDA. The use of Bitcoin and blockchain technology in the traditional industry sector has been increasing drastically in the recent days. The ever-increasing popularity of cryptocurrency has influenced few well-known personalities to shift from mainstream companies to the Bitcoin sector. Now the tide has turned, after the head of Bitcoin startup 21 Inc. Balaji Srinivasan met President-elect Donald Trump. Balaji Srinivasan is said to be one of the candidates considered....
Blockchain technology has emerged as a tool for addressing an important global issue: the growing complexity of the food supply chain and the increasing amount of wasted food, according to a senior research fellow at the University of Surrey. Writing in The Conversation, an online source of information from the academic and research community, senior research fellow, Phil Godsiff said that a recent analysis suggested that half of U.S. food production is wasted, with global estimates above 30 percent. The growing use of sensors in the food supply chain, paired with blockchain technology,....