Synaptic Health Alliance, a group of blockchain-focused companies, is developing a “private” blockchain system in a bid to tackle the privacy concerns surrounding the public nature of blockchain, according to a Fierce Healthcare report.
The executives, according to the report, see a private system as a way to bolster data integrity while also opening the door to permissioned health data sharing.
However, UnitedHealth Optum Senior Engineer Mike Jacobs says a private blockchain setup wouldn’t offer much added value.
“It’s not a great use case when a blockchain is held entirely in the context of a single enterprise,” Jacobs told Fierce Healthcare. “You know who you’re dealing with, you have complete control, there’s a single entity employing data formatting and who has access — you might as well use a regular database if you’re entirely housed within a single entity.”