-BLOCKCHAIN ADDRESS THE BIGGEST FITNESS/WELLNESS DATA MANAGEMENT PROBLEMS
HOW CAN BLOCKCHAIN ADDRESS THE BIGGEST
FITNESS/WELLNESS DATA MANAGEMENT
PROBLEMS?
It is widely agreed that blockchain technology has the potential to disrupt the health sector by making user-generated data the core of the healthcare ecosystem. It can achieve this by increasing the security and interoperability of health data. In this paper, we focus on mHealth or more specifically on the fitness/wellness sector powered by mHealth apps and wearables. However, it is important to grasp the whole picture to realise Lympo’s full potential in the future.
Blockchain is a distributed system which records and stores transaction records, in a fashion making it impossible to change the content of the transaction in a digital ledger. Each transaction block is stored in the ledger and chronologically linked to another block after the transaction records are verified by a distributed peer-to-peer network. End-to-end encryption makes an interaction like storing, exchanging and viewing information possible without established trust between the parties. Avoiding one central authority, blockchain relies on an anonymous network of participants preventing privacy and confidentiality breaches.
Blockchain-based smart contracts represent contracts that can be fully executed when
contract conditions are met. This system unbundles the need for any kind of exchange with an
intermediary checking contract conditions. Until now, intermediaries played a crucial role in
exchange of value situations, thus earning from their role. Smart contracts enable end users to
enter a trusted relationship without any other authority.
The sensitive nature of health-related data and the need to be able to delete this personal data
in order to fulfil data protection regulations in some parts of the world (most notably the
European Union) does not allow for storing this data itself on blockchain.
In this case,
blockchain technology is viewed as a secure and e ective payment tool allowing
micro-payments and a permission storing mechanism.
Registering permissions to access patient-generated data on blockchain, users are empowered
to control who can access their data, and under which conditions. This capability enables
individuals to be the owners of their precious data asset.
This data set can be compiled from
information originating from a variety of data sources; ranging from electronic medical records
provided by hospitals, clinics and doctors, to fitness/wellness data generated by mHealth apps
and wearables. It can also be complimented by disease and treatment monitoring applications
and custom information added by a user individually.
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In addition, further data users will be able to demonstrate that the data owner gave her
permission for the use of this data. With data protection regulations tightening around the
world, this feature will enable third parties to give solid proof on data provenance on the
blockchain.
BLOCKCHAIN APPLICATIONS IN THE HEALTH
INDUSTRY
Healthcare might be a latecomer in the booming growth of enterprise blockchain apps, but it is
getting more and more prominence as a promising technology to solve major issues in the
sector of health data management even on a governmental scale.
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BY: 5pandawa
ETH: 0x05Ef71Ec09744608b2Dfe816f4fceD559711411B
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