Healthcare Blockchain Key Component for Trusted Data Exchange

Date: 
Wednesday, March 7, 2018

Healthcare blockchain is quickly becoming a hot topic in the industry, but data privacy and security and how data will be properly utilized are key concerns for the technology.

Blockchain could play a key role though in the future of healthcare IT, especially in relation to ONC’s Trusted Exchange Framework and Common Agreement (TEFCA) draft, according to EHNAC Executive Director Lee Barrett.

Interoperability and data privacy and security are key focal points in the 21st Century Cures Act, especially from an ONC perspective, Barrett told HealthITSecurity.com.

“A continued promulgation of developing a trust exchange framework for the industry is really all about all these various aspects of trust exchange, privacy and security,” he said, adding that it’s especially true for the QHINs or recognized coordinated entities (RCE) that will be utilizing the framework.

Blockchain absolutely becomes a component technology of any trust exchange framework and blockchain-based systems have the potential of really reducing or eliminating the cost and the friction of current intermediaries, Barrett stated. Precision medicine and the whole aspect of patient care and outcomes research are some of the more compelling use cases for the technology.

READ MORE: Why Blockchain Technology Matters for Healthcare Security