Transactions, trust and tokens – Blockchain for healthcare

Transactions, trust and tokens – Blockchain for healthcare

Blockchain is a hot topic everywhere, but especially in healthcare. Many experts say that it will have huge impact on health systems. For Dr Eberhard Scheuer, Chairman of the Health Information Traceability Foundation, blockchain holds big potential for sharing clinical data: “A central pillar of blockchain is trust, because data cannot be altered.”

Sascha Keutel

Blockchain is an inherently complex technology. It’s a “digital ledger where transactions are stored and can be viewed and checked. Each new block in the chain contains new transactions to be stored and the hash of the previous block. They are immutable, distributed and have no central authority,” Scheuer described the technology. They can either be public like the Bitcoin blockchain or only available for registered participants in the case of permission-based blockchains.

Token Economy
Phase1: Individuals are interested in earning tokens. In order to...
Token Economy
Phase1: Individuals are interested in earning tokens. In order to do so they must be willing to digitize their health-related data and make them shareable
Phase 2: Information seekers must acquire tokens in order to compensate individuals for giving access to their data – Existing data holders can enrich their data or earn tokens by making data accessable.
Phase 3: Tokens can be used to redeem Services – Tokens can be used in Loyalty programs.
Source: Health Information Traceability Foundation

Usability

In general, the technology is currently used to storage digital data and for so called smart contracts. The latter sets ground rules for the way transactions take place. They execute the contracts while monitoring compliance and automatically validate the results of each transaction. “And of course there are the cryptocurrencies or so called tokens. They are an essential part of public blockchains where it is used for rewarding the ones who are running nodes (e.g. miners) or are used to tokenize assets,” Scheuer added.

In the healthcare systems, the technology has not many practical applications as of yet. “We are still at the beginning. To date there are no applications that run fully on blockchain. Some applications use blockchains to store certain transaction data, some use it to call up registries or to control identities or access to applications.”

Process of Token Transfer and Data Access:
The HIT aligns network participants...
Process of Token Transfer and Data Access:
The HIT aligns network participants to achieve common goals — the growth of the network and the appreciation of the HIT token. Based on smart contracts the user/patient can receive tokens corresponding to the “value” of the data that is assigned by the information seeker. The smart contract that is incorporated in the request determines the access to the data and the transfer of token under the agreed conditions.
Source: Health Information Traceability Foundation

Opportunities

For Scheuer, there are several ways how the technology could benefit the healthcare systems. Firstly, it could increase trust in the digital applications in a hospital. For example by securing that nobody can temper with the data a connected insulin pump uses to calculate the dosage. “Moreover, smart contracts can be used to optimize and automate certain processes in the healthcare system.”

Secondly, using the crypto-tokens a reward system could be built. That way the one who does the work, actually gets the benefit from it. “I personally think that the ability to incentivize network participants with tokens is the most important aspect of blockchains.”

Thirdly, it provides the patients with a secure way to control and access their personal data. “If access to data can be rewarded and controlled by the individual this opens up a treasure of data which everybody in healthcare is hunting for. If data is not buried in silos this will indeed improve the basis for better diagnosis and treatments.”

Although, those are all benefits for the healthcare system, Scheuer urges cautions: “We should not believe that blockchain can solve the persisting problems of healthcare like the lack of technical and semantic interoperability. Usability of blockchain still needs much improvement.”

The Health Information Traceability (HIT) Foundation

Photo
Dr Eberhard Scheuer.
Source: HIT Foundation

The HIT Foundation’s vision is to motivate people to digitize their personal health data or get access to data that is sitting in silos. On the platform, everybody can earn tokens with his data instead of having others monetize his data without seeing a dime for it. Through blockchain technology, the HIT system is fully decentralized. HIT does not store any data and the individual can remain anonymous.

HIT is a non-for-profit Foundation and the platform is open for everybody to execute existing or new business-cases on it. They divide small transaction fees among all HIT network participants. Their goal is “to motivate everybody to digitize their health data and have it available when needed.” They do this through the tokenization of health data. “We make it shareable, trace its usage, and enable the individual to get paid for it. We want to build the world’s biggest community of people who want to share their data, Scheuer explained. “In the long run, our HIT token shall become a healthcare dedicated cryptocurrency with which individuals can pay services like second opinions with tokens they earned by making their data shareable.”

Profile:
Dr Eberhard Scheuer is Chairman of the Health Information Traceability (HIT) Foundation. He holds a PhD in psychology. Scheuer views healthcare always from the patient’s point of view. Blockchain technology fascinates him because the individual can get control over his/her data and align incentives among network participants. He started to use tokens in order to change human behavior in the early 90’s.

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