Even before the rise of COVID-19, the healthcare and life sciences industries faced significant issues, including interoperability, privacy and supply chain traceability. Another major challenge is that proprietary, electronic health record systems — from more than 700 vendors — routinely don’t talk to each other.¹ And in the U.S. alone, we saw 1,750 incidents of drug counterfeiting in 2018.²
As the pandemic continues, healthcare and the life sciences face new challenges, including adapting supply chains to deliver protective equipment and rapidly developing treatments, tests and vaccines. Meanwhile, healthcare professionals are grappling with how to manage consent and keep individual health data secure as they look to leverage health data to safely re-open for business.
Blockchain has already demonstrated its value in healthcare and the life sciences by enabling trust and collaboration, and will continue to be at the forefront of addressing ever more challenges.
Built on IBM Blockchain technology, this solution is designed to enable organizations to verify health credentials in a privacy-preserving way — and individuals can manage their information through an encrypted digital wallet on their smartphone.
Trust Your Supplier is a blockchain-enabled, trusted source of supplier information and digital identity that reduces risk while simplifying and accelerating supplier onboarding and supplier management.
KPMG, Merck, Walmart and IBM joined forces in an FDA pilot for the Drug Supply Chain Security Act (DSCSA). The pilot successfully demonstrated a blockchain product traceability solution that cut the medication recall notification process from days to seconds. (2.9 MB)
Boehringer Ingelheim and IBM are exploring the use of blockchain technology in a clinical trial setting. The goal is to increase trust and transparency among all stakeholders, especially when it comes to patient consent and data management.
Wondering what blockchain really is and how it can help? Spend a few minutes with us and learn about distributed ledger technology, immutable records and how it all works with this set of “Blockchain 101” resources.
Blockchain is rapidly unlocking value across the healthcare industry. Read about how we assist healthcare in articles authored by IBM clients, and healthcare industry and technical experts.
In a complex healthcare system, seamless transitions in care are dependent upon the ability to access and share patient data. Healthcare payers can improve member experience and create competitive advantage using blockchain to manage consent.
IBM is helping organizations across the healthcare industry leverage data, technology — including blockchain — and expertise to reach their goals of becoming more efficient, resilient and robust.
No matter where you are on your blockchain journey, IBM can help you take the right next step. Learn how you can get started with IBM Blockchain.
Leverage industry leading expertise and find a shorter path to innovation. Benefit from joining established networks or build and scale your own along side experts.
Contact a representative and get help with questions on how to start you blockchain journey.
Be inspired by how innovators are transforming their businesses through use cases built on the IBM Blockchain Platform.