IBM has been sponsoring Ponemon Institute, an independent establishment conducting research on privacy, data protection and information security policy, to carry out an annual cost of a data breach study over the past 13 years. The latest finding released this July, indicated that the global average cost for a lost or stolen record containing confidential information had increased by 4.8% to $148.

For healthcare, it’s believed each compromised patient record will cost up to $380, twice as high as the global average. As the generated data needs to be signed and once recorded, no change can be made, the integrity and seemingly bullet-proof Blockchain technology, has thus emerged to be a hypothesized solution recently.

Apart from medical records, blockchain may also be applicable in the areas of giving consent or making payments, two forms of activities which are closely-knitted to healthcare especially when patients need to render prior agreement to certain medical procedures and accomplished any transaction thereafter. Others believe blockchain technology can also overcome the pressing problem of medical plagiarism.

Although keeping medical record safe is a concern, making it accessible for doctors to keep an update on or patients to get hold onto are separate sets of challenges. Electronic medical record is believed to have taken away precious doctor-patient time and blockchain technology may further strip that especially when more time is needed for the documentation process.

Besides, most medical data are held by hospitals and institutions presently but blockchain technology will decentralize them all and unless an ethical policy in place, we may find ourselves in the ever-ending debate of who should be the owner of our medical data. With that, a group of technology experts have gathered to look into the suitability of adopting blockchain technology in healthcare.

You can sign up for this session here.

Session Focus: Blockchain and future of data in healthcare

When: Saturday, December 15th 2018 (09.00-10.00)

An in-depth discussion on the emergence of blockchain technology in healthcare and whether it is viable for long-term use and solving challenges today.

Attendees will gain the following knowledge:

Learn the mechanism behind blockchain technology, how does it make our medical record safe from a possible data breach.

Discover the pros and cons of adopting blockchain technology in healthcare; are we complicating the present medical procedures with the introduction of new technology?

Discuss the feasibility of having blockchain as the sole solution for data breach, are there any other safety precaution out there?

Benefit from experts’ insights, what are some of the challenges and other things medical practitioners have to take note while adopting blockchain.

Moderator:

Suzanne Belinson , Vice President of Commercial Markets, Tempus Labs Inc, USA

Shawnna Hoffman, Global cognitive legal co-leader, IBM, USA

Tatyana Kanzaveli, CEO, Open Health Network, USA

Eman Hashem Safadi, Co-Founder, LA Blockchain Lab, USA

You can sign up for this session here.