Blockchain Medical Consent Solution Launched By Bitfury And Longenesis

Blockchain, News | April 8, 2019 By:

The Bitfury Group, a bitcoin and blockchain technology firm, has partnered with blockchain life data marketplace Longenesis to offer a blockchain consent management system for the healthcare industry.

In a press release, the two companies said that the new system will allow doctors and researchers to do a better job of tracking and managing user consent for individual studies and medical trials, while also making it easy for users to change or withdraw their consent for these studies at any time. The system is fully compliant with both Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR).

The system is using an immutable, transparent Exonum blockchain to record all updates to user consent, with timestamping for future auditing. The system is designed to help reduce unnecessary paperwork and administration times, and can be built either as an add-on to existing digital systems for storing user consent or can be deployed as a full data-management system.

“Bitfury is proud to work with Longenesis on this important project, which will return control of the medical consent process to the patient,” said Valery Vavilov, CEO of Bitfury. “This new blockchain solution will strengthen the process of collecting data and researching medical conditions, which could offer far-reaching benefits to people all over the world.”

Alex Zhavoronkov, CEO of Insilico Medicine, said that while the regulations vary from country to country, the research organizations should strive to deploy content management systems that protect the data owners far better than any regulation.

“At the same time, the consent procedure should be pain-free, rapid, cost-effective and universal to ensure that the patients are fully-protected and educated,” said Zhavoronkov. “Ideally, the patients and healthy volunteers should be able to profit from the proceeds resulting from products developed using their data. I salute Bitfury and Longenesis on launching a comprehensive content management solution utilizing the latest advances in the digital ledger technology.”