Trusted Identities in Blockchain Apps Shown to Work To Benefit Healthcare and Pharma

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A recently completed proof of concept study demonstrates that robust identity trust can be integrated with Blockchain technology. This development has significant implications for the use of distributed electronic ledgers (i.e., Blockchain) for pharmaceutical, healthcare and other applications.

The study was conducted by Peer Ledger, a Canadian Blockchain company, SAFE-BioPharma Association, the organization managing the global SAFE-BioPharma digital identity management standard and Synchronoss, a leading provider of standards-based digital identities.

“Blockchain – the technology underlying Bitcoin – has the power to disrupt traditional practices for drug discovery, patient engagement and monitoring, payments, and participatory healthcare delivery,” said Dawn Jutla, Ph.D., CEO and founder, Peer Ledger.

Blockchain technology deploys a shared, synchronized, distributed ledger of transactions, guaranteeing security and decreased fraud by providing a permanent record of who accessed ledgers and what they did.

The proof of concept showed that SAFE-BioPharma compliant digital identities can be linked to the Blockchain to assure trust in the identity of each person engaged in the transaction. Transactions can be anonymous until the completion of a clinical study or other project and subsequently “chained back” to the proven identity of the user if needed for regulatory or clinical purposes. Alternatively, the identities associated with each block can be known throughout the process, such as in track and trace applications for the medicines supply chain.

“Every SAFE-BioPharma compliant identity credential accurately represents the proven identity of the person using it. Teaming these credentials with anonymous Blockchain ledger postings enables use cases critical for overall cybersecurity across healthcare and the life sciences,” explained Mollie Shields Uehling, president and CEO, SAFE-BioPharma Association.

Prior to the study, identities associated with distributed electronic ledgers were entirely anonymous. The study shows that cyber identities that comply with the SAFE-BioPharma standard allow identities to be de-anonymized, a requirement for double-blinded clinical trials, audits and responsible supply chains.

Peer Ledger is a Blockchain company specializing in the pharmaceutical, healthcare and precious metal sectors. It offers an identity bridge product between public key infrastructure and Blockchain, and the Mimosi track-and-trace Blockchain product for responsible supply chains.

The SAFE-BioPharma standards for digital identity and digital signatures are used in life science and health care.

Synchronoss (NASDAQ:SNCR) is an innovative software company with simple, powerful and flexible solutions used by more than 3 billion mobile users and 300 of the Fortune 500 worldwide.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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