Value & Outcomes Spotlight board member Marisa Santos recently had the chance to discuss developments in blockchain in relation to electronic medical records (EMRs) with Rede Entropia Cofounder Renata Nunes Aranha and Leticia Lazaridis Goldberg, Entropia HealthTech head and Eversafe CEO.
Aranha, according to the recent Q&A session, spearheaded the Medical Graduation Project at Brazil’s Pontifical Catholic University, while Goldberg’s experience in the health care landscape has given her the ability to perform in a number of cross-functional positions.
Below is are excerpts from the discussion:
Value & Outcomes Spotlight: Blockchain is considered one of the most important inventions in recent years, created for someone known by a pseudonym, Satoshi Nakamoto. But most health professionals can only associate it with bitcoins (cryptocurrency). Could you explain what blockchain is?
Renata Nunes Aranha and Leticia Lazaridis Goldberg: Blockchain is a Distributed Ledger technology that permanently records transactions in chronological order across a decentralized network of public or private computers. The technology prevents the record from being changed retroactively and allows the community to verify the authenticity of transactions. The technology is based on 4 basic pillars: (1) Distributed ledger: each participant on a blockchain network has access to the complete information; (2) Decentralized: no single entity controls the information; participants validate the records of its transaction partners; (3) Smart contracts: a contract that determines the rules of operation of the transactions; and (4) Asymmetric cryptography: use of public and private key cryptography and cryptographic hash functions.
Value & Outcomes Spotlight: How can it be applied in healthcare?
Renata Nunes Aranha and Leticia Lazaridis Goldberg: Some examples of uses of blockchain technology that can help transform the healthcare industry include personal health record management, healthcare analytics, security and interoperability of Internet of Things and medical devices, supply chain management, and patient recruitment for clinical trials, among others. At Entropia Health, we are working on Eversafe, a blockchain application that allows us to connect the silos of previously fragmented healthcare data, realign the incentives of diverse stakeholders, and give individuals more governance over their medical data. Individual users of health systems are at the center of EverSafe and will be empowered to access, manage, and share their health data through our platform.
To read the full Q&A, click here.