Robert Musiala, a blockchain adviser at Cleveland's law firm BakerHostetler, discusses how blockchain will affect health technology in the coming years, including its potential to help rationalize pharmaceutical supply chains.
The answers have been changed for clarity and length.
Question: where is now the blockchain in the health sector and how will it develop in 2019?
Robert Musiala: There are four key use cases for blockchain in the health sector. The first two relate to applications for data management related to pharmaceutical supply chains and clinical trial data. A third case of use concerns the rationalization of the processes for the subrogation of health insurance. The fourth and most ambitious use case concerns the use of blockchain to store and manage patient health data.
In 2019, I expect to see a continuous work on all four use cases, with the main focus on the pharmaceutical supply chain and clinical trial data, as they are relatively less complex than insurance substitution and of patient records management.
Q: What do you think will be the most significant blockchain applications in the healthcare sector over the next five years?
RM: If a fully functional and easily scalable pharmaceutical supply chain solution can be implemented within the next five years, it would be an incredible result for both the healthcare industry and the blockchain industry. It would also be a revolutionary result from the point of view of an industry that embraces a new model of business solutions and a government that embraces a new model of regulatory compliance.
Q: What do the blockbenches of blockchain hospitals and healthcare systems know today?
RM: IT leaders in the healthcare sector are likely to be in the early stages of discussions on the drug supply chain security law, which is ready to be released in the next 10 years, starting in 2019. The most important thing these leaders need to know about blockchain is that a blockchain-based system is probably the best way to design a DSCSA compliance solution.
To attend the future Becker question and answer session, contact Jackie Drees at [email protected].
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