What Blockchain is

• Decentralized system in which transactional

• Records are recorded, stored, and maintained across a peer-to-peer network of personal computers called nodes

• An immutable, public digital ledger which is a much akin to a database

Global healthcare market spend on blockchain is expected to hit $5.61 billion by 2025

Improve Medical Record Access

Entities involved: 
MIT Media Lab, Robert Wood Johnson Foundation

Project status: 
MedRec 2.0 is currently being tested on databases. Its code is open-source and currently hosted at the Israel Deaconess Medical Center. Its developers are currently hoping to further build the program and then deploy it on a network.

Cutting Costs

Entities involved: 
SimplyVital Health

Project status: 
ConnectingCare is currently available for use through the SimplyVital Health website. SimplyVital Health has launched an ICO as the first of its four road map phases till Health Nexus’ eventual release, which is expected in 2019.

Improving Medical Record Keeping

Entities involved: 
Taipei Medical University, Digital Treasury Corporation

Project status: The project is completed, and the services can be accessed through the phrOS website.

Be used for Relief Efforts

Entities involved: 
U.S. Department of Defense, US Defense Logistics Agency

Project status: At the moment, the DD and DLA are looking at the potential uses of blockchain technology. No further news concerning development has been reported.

Stop Counterfeit Drugs

Entities involved: 
FarmaTrust

Project status: An ICO has been developed, and the FarmaTrust token is now listed on Liquid.

Making Electronic Health Records More Accessible

Entities involved: 
MTBC

Project status: The project can be accessed on MTBC’s website.

Tracking Clinical Trials and Pharmaceuticals

Entities involved: 
Ambrosus

Project status: Ambrosus has an abundance of blockchain systems currently available, however, the company is trying to adapt them to the pharma industry.

Tracking Medical Credentials

Entities involved: 
Hashed Health

Project status: 
The product is available on Hashed Health’s website, as is a multitude of other healthcare-centred blockchain products.

Enhance the Security and Control of Healthcare Transactions

Entities involved: 
Change Healthcare

Project status: 
The system is currently available through Change Healthcare’s website. The company also offers other blockchain systems intended to streamline the healthcare industry.

Disparity in Pharma Data

Data Analytics is Time-Consuming and Resource-Heavy

Data Inaccuracies and Ambiguity around Relevance