a blessing in disguise - lexjansen.com · arpanet internet –http/url/html –www sun –java...
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Blockchain in healthcarea blessing in disguise
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Hello!Charan KumarDirector for strategic initiatives and quality● Passionate about technology● 13 years in clinical domain● Masters in Biotechnology and alumnus of UC Berkeley – Haas School of Business
www.ephicacy.com
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Technology
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Disruptive
Attack a traditional business model with a cost-effective solution and zoom forward
Create a new foundation for our socio-economic systems gradually and steadily
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vs Foundational
Novelty & Complexity
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TCP/IP
lo
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TCP/IP
Telecommunications architecture –based on “circuit switching”
TCP/IP (transmission control protocol/internet protocol)
ARPAnet
Internet – HTTP/URL/HTML – www
SUN – Java
Email – yahoo
Amazon, Expedia, eBay, Napster, Skype
Internet of information to Internet of Value
30 years of long journey
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Ledger Technology
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Ledger Technology
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From a finance and accounting perspective, Investopedia defines the term ‘general ledger’ as follows:
A general ledger represents the formal ledger for a company’s financial statements. The ledger provides a complete record of financial transactions over the life of the company…….
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Ledger Technology
Autonomy
Open Source
Anonymity
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Blockchain
Blockchain
Distributed Ledger
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Ledger Technology
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Ledger Technology
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Blockchain
It’s working… 13
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Cryptography
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Blockchain
Verify
BlockHash
Execution Transaction
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Blockchain
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Blockchain
Peer-to-Peer network on internet
October 2008
Virtual currency system - bitcoin
Bilateral financial transaction
Open, distributed and shared
Cost reduction
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Blockchain
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Blockchain
Smart Contracts
Digital SignaturesRules
??? ???
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Blockchain
Decentralized
Transparent
Immutable
Autonomy
Open Source
Anonymity
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Blockchain
Permissioned Permission less
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Opportunities - Healthcare
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Healthcare
Fragmented Data
Timely access to Patient Data
System Interoperability
Data Security
Patient Generated data
Access and data inconsistency
Cost effectiveness
Disaster recovery21
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Healthcare
Operations 22
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Healthcare
Case Management23
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Healthcare
Supply Chain
Drug verification
Reimbursement
Billing
Clinical trials
Neuroscience
Medical Data
EHR/EMR security24
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Implementation methodology
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Implementation
Mapping & Design
Work instructions
Financials
Review and monitor
Disaster recovery
Change management
Barriers to data sharing
Interoperability
Public blockchains
Compliance to regulations
& Challenges
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Blockchain will have a major impact
on healthcare business
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“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi
drivers work with the customer directly.”
- Vitalik Buterin, co-founder Ethereum and Bitcoin Magazine
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The Eureka! moment still endures…
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