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Blockchain: Just a game or a real game changer in Pharma and Healthcare?

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A talk about Blockchain and how this new technology could have an effect on the healthcare and pharma industries.

Published in: Health & Medicine
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Blockchain: Just a game or a real game changer in Pharma and Healthcare?

  1. 1. Blockchain: Just a game or a real game changer in Pharma and Healthcare? MARCH 2018 @BorisReinhard www.reinhard.one
  2. 2. 2 BORIS REINHARD Profile: Boris Reinhard. “ MY MISSION IS TO COACH AND GUIDE COMPANIES, VENTURES AND STARTUPS THROUGH THE DIGITAL SHIFT AND THROUGH BLOCKCHAIN CHALLENGES. § Dipl.-Ing. & M.Sc. § History: E-Business & UX, EAM, Digital § Topics Digital, Transformation & Blockchain § Focus on business value, not features § Initiator & Organizer EAM Community CH, Digital Community CH § Member of D_BREAK, www.dbreak.ch § Certified Bitcoin Professional (CBP) , ID 2f7220 § Curator for 'Blockchain & Crypto' with Scope
  3. 3. 3 Profile: Boris Reinhard. > https://thescope.com/blockchain
  4. 4. Jimmy Carter (1978) Source: https://medium.com/validitylabs/ethereum-smart-contracts-hello-1970s-83c18e3d6398 “The Intel 4004 processor, produced for the first time in seventies, has about as much computational power as (…) the Ethereum Blockchain today.”
  5. 5. 5 2008 - The Lehman Brothers. Source: zerohedge.com > TRUST ?
  6. 6. Source: http://bitcoinliberationfront.blogspot.ch/2014/03/satoshi-nakamoto-nope.html + http://s.newsweek.com/sites/www.newsweek.com/files/styles/cover/public/2014/04/02/2014/03/05/67-2014-3-14-cover.jpg The Bitcoin-Blockchain. 6 > TRUST !
  7. 7. 7Source: https://twitter.com/lopp/status/965721853963599878
  8. 8. 8 Not only Intermediaries… > TRUST ?
  9. 9. Because of the reduced trust in central organizations, we are more and more heading to a decentralised economy. 9Source: Bettina Warburg
  10. 10. Not just a Ledger. network of computers (nodes) validated transactions immutable transactions distributed ledger, transparent Blockchain peer-to-peer central computation difficult to validate tamper-able centralised ledger, private ‘classic’ ledger intermediary needed From a first point of view, a Blockchain is just a ledger, but there are some differences… = 10
  11. 11. The Blockchain ledger is a new paradigm and an epic update to ledgers. 11Source: Richie Etwaru
  12. 12. 12 Blockchain Applications. Source: Ethereum generalized the Blockchain. It is a decentralized infrastructure to run thousands of applications. Blockchains like Ethereum allow us to automate § business logic § and governance. TO THE WORLD COMPUTER…FROM FINANCIAL TRANSACTIONS…
  13. 13. 13 A Smart Contracts Platform. Source: https://www.draglet.com/Blockchain-applications/smart-contracts/use-cases The current problem with insurance policies is that the claims process can take weeks or even months to be paid. The process is still very manual and requires a large degree of human action. This adds up to a lot of administrative costs, which result in higher premiums for customers. Insurance companies can automate insurance policies by writing them into a smart contract. When the input conditions of the smart contract change in an insured event, for example in the event of a catastrophic natural disaster, then the claims process is triggered immediately. Smart contracts in insurance policies (IFTTT)
  14. 14. 14 Pharma, Life Science & Healthcare.
  15. 15. 15 Opportunities through Blockchain. Some opportunities… Source: https://www.youtube.com/watch?v=LyO0DPyosLY&t=1440s&list=WL&index=19 Patient consent & health data exchange A … Drug supply chain provenance & traceability Payments & claims Rethinking clinical trial management Auditing services Records management and archiving … ?
  16. 16. Use Case: Pharmaceutical Supply Chain. 16Source: https://www.pharmpro.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018 Which one would you buy?
  17. 17. Use Case: Pharmaceutical Supply Chain. 17Source: https://www.pharmpro.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018 Which one would you buy? COUNTERFEIT. ORIGINAL.
  18. 18. Use Case: Pharmaceutical Supply Chain. 18Source: https://www.pharmpro.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018 + https://www.interpol.int/Crime-areas/Pharmaceutical-crime/Pharmaceutical-crime Which one would you buy? COUNTERFEIT. ORIGINAL. Interpol: up to 30% in some markets Illicit drugs can contain the wrong dose of active ingredient, or none at all, or a different ingredient. They are associated with a number of dangers and, at worst, can result in heart attack, coma or death. Interpol
  19. 19. Use Case: Pharmaceutical Supply Chain. 19 Pharmaceutical supply chain and the counterfeit drug problem (LifeCrypter) Each item of medicine is attached with an unambiguous identification tag, which allows for virtual and physical ownerships to be transferred from the upstream suppliers to the downstream consumers, in parallel, through a trusted network verified by smart contracts on a Blockchain and the global drug supply chain at the same time. The smart contract enables free and trustless trade for all parties involved, with the capability to introduce rules for trades that are at all stages transparent and self-enforcing. Source: https://www.pharmpro.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018 Goal: “Identify and trace certain prescription drugs as they are distributed”
  20. 20. Use Case: Pharmaceutical Supply Chain. 20 Pharmaceutical supply chain and the counterfeit drug problem (LifeCrypter) Each item of medicine is attached with an unambiguous identification tag, which allows for virtual and physical ownerships to be transferred from the upstream suppliers to the downstream consumers, in parallel, through a trusted network verified by smart contracts on a Blockchain and the global drug supply chain at the same time. The smart contract enables free and trustless trade for all parties involved, with the capability to introduce rules for trades that are at all stages transparent and self-enforcing. Source: https://medium.com/@philippsandner/Blockchain-technology-in-the-pharmaceutical-industry-3a3229251afd
  21. 21. Use Case: Pharmaceutical Supply Chain. 21Source: https://www.pharmpro.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018 Which one would you buy now?
  22. 22. Use Case: Pharmaceutical Supply Chain. 22Source: https://www.pharmpro.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018 Which one would you buy now?
  23. 23. Use Case: Electronic Medical Records. 23 Challenges. The Electronic Medical Record (EMR) has been around since the 1960's, despite a slow rate of adoption within the industry. Digital records were meant to replace paper-based systems by creating new efficiencies and interoperability that were previously nonexistent. However, even though these records are held online, they remain siloed in non-interoperable databases. Accessing them across different hospitals, insurance providers, and doctors can be a vexatious task. Adding to the inefficiencies is the cost to maintain the databases. Individual hospitals store terabytes of information each year, costing millions of dollars to secure. Source: https://worldlink-us.com/healthcare.html + https://www.flickr.com/photos/stevendepolo/16431366377/
  24. 24. Use Cases: Electronical Medical Records. 24Source: https://viral.pubpub.org/pub/medrec + https://medium.com/mit-media-lab-digital-currency-initiative/medrec-electronic-medical-records-on-the-Blockchain-c2d7e1bc7d09 ‘In a new digital and payment era, consumers should have control and access to their own health information in a secure manner.’ Brian Forde, MIT “Medicalchain uses Blockchain technology to securely store health records and maintain a single version of the truth. The different organisations such as doctors, hospitals, laboratories, pharmacists and health insurers can request permission to access a patient’s record to serve their purpose and record transactions on the distributed ledger. Medicalchain provides solutions to today’s health record problems. The platform is built to securely store and share electronic health records. By digitizing health records and empowering users we can leverage countless industry synergies.” https://medicalchain.com Use Case: Electronic Medical Records.
  25. 25. Use Cases: Electronical Medical Records. 25Source: https://viral.pubpub.org/pub/medrec + https://medium.com/mit-media-lab-digital-currency-initiative/medrec-electronic-medical-records-on-the-Blockchain-c2d7e1bc7d09 Use Case: Electronic Medical Records. Another example: MedRec
  26. 26. Use Cases: Electronical Medical Records. 26Source: https://www.e-health-suisse.ch/en/electronic-patient-record/for-healthcare-professionals/what-is-the-epr.html + https://www.post.ch/en/business/a-z-of-subjects/industry-solutions/industry-solution-healthcare/electronic-patient-record Swiss Electronic Patient Record (EPR) THE IDEA • The electronic patient record contains only documents that are relevant for other specialists or further treatment, such as a referral report or medication list. • Only copies are saved. The originals remain in the systems of the healthcare professionals in charge of the medical history as a whole (e.g. family doctor or hospital). • Patients can also upload their own relevant documents (e.g. existing allergies, living wills etc.) No Blockchain: Swiss Electronic Patient Record.
  27. 27. Use Cases: Electronical Medical Records. 27Source: https://www.e-health-suisse.ch/ > TRUST ? Swiss Electronic Patient Record (EPR) THE THEORY • (Regional) communities can choose a provider who supplies them with the technical infrastructure for the EPR. • Transparency: Every access to and every action in the EPR is logged automatically. PLEASE NOTE • The key data is managed by a centralized provider and does not have much advantages against a classic ledger. No Blockchain: Swiss Electronic Patient Record.
  28. 28. Instead of Middleman we can now actually use Blockchain Technology to do Business... 28 Open discussion § Ideas? § Use cases? § Questions?
  29. 29. Dipl.-Ing. & M.Sc. +41 79 813 95 59 boris@reinhard.one www.reinhard.one www.thescope.com/blockchain @borisreinhard Contact. Boris Reinhard 17mFTRdNXA75s8vNYb5sbDGCs4UjDgQ43X

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