Target Groups:
1. Patients, 2. Caregivers, 3. Medical professionals, 4. Clinical researchers, 5. Pharma-companies, 6. Regulatory bodies
Affiliation:
Eth.Dublin
Open Source and Standards:
Yes

Abstract

Enhance clinical trial management in the pharmaceutical industry with a blockchain-based system that uses Non-Fungible Tokens (NFTs) to ensure transparency, access control, and stakeholder incentivization, addressing data access and tracking challenges.

Main Author:
Arunraj Subburaj
< arunraj.subburaj@gmail.com >
Authors:
Block Trials Team: Nandhini Kumar, Amir Thagadeshwaran

Value Proposition

Distributed Ledger Technology (DLT) is pivotal in this use case as it introduces a level of transparency, security, and efficiency previously unattainable with traditional data management systems. Blockchain ensures that all data related to clinical trials is immutable and traceable, which is crucial for maintaining integrity and trust. Smart contracts automate access and permissions, reducing the potential for human error and bias while ensuring compliance with regulations. Furthermore, DLT enables real-time tracking and automated incentivization, enhancing stakeholder engagement and ensuring that contributions are acknowledged and rewarded, thus fostering a cooperative and productive environment.

Identity Management

Patient privacy is maintained, a critical aspect in healthcare related applications.

Data Provenance

The trustworthiness of clinical trial data is paramount. Blockchain ensures that all data related to clinical trials is immutable and traceable, which is crucial for maintaining integrity and trust.

Token and asset creation and exchange

This solution uses Non-Fungible Tokens (NFTs) to ensure transparency, access control, and stakeholder incentivization, addressing data access and tracking challenges.

Process optimisation

DLT enables real-time tracking and automated incentivization, enhancing stakeholder engagement and ensuring that contributions are acknowledged and rewarded, thus fostering a cooperative and productive environment.

Automation

Smart contracts automate access and permissions, reducing the potential for human error and bias while ensuring compliance with regulations.