HCP or HealthCarePont is a Texas-based healthcare, clinical research facility and network tech business founded by patient survivors. They’ve made recent announcements on a mutual collaboration with the company Exochain, a United States blockchain company and blockchain identity, risk management, as well as regulatory compliance network for all BlueCloud healthcare professionals on the platform.
The new partnership is said to work patients to change the requirements for making sure the security of the healthcare professionals and identities in the healthcare clinical trials.
The BlueCloud platform formally represents at least 1.4 million healthcare workers across the country, as well as clinical research specialists in more than 165 countries from more than 50,000 organizations like, but not only, pharmaceutical drug research businesses, universities, each of which must be able to verify their identity, so they can take place in the FDA-regulated trials taking place across several areas and healthcare environments.
The professionals at BlueCloud, as well as the patients are all comfortable with the setbacks of working in a closed off environment. Data tends to get outdated at a rapid rate, growing in costs to accumulate at the same time. The problem has been one of the major ones the industry has faced, leading to unfortunate drawbacks in clinical research, fraud and abuse.
Several institutions as well as business enterprises have started new solutions to the problem, but not many of them have started using blockchain technology for the purpose of securely managing a person’s identity. Blockchain is the obvious solution to many, with the protocols built to make data stronger against fraud, due to the network nodes that form the consensus on what data is legit and will be allowed into the blockchain.
Exochain, now acts as BlueCloud’s third-party adjucator. When professionals in the healthcare industry sign in to their account with BlueCloud, the managers of the site as well as insurance payers will have the secure feeling of ensuring the person, network and company info is accurate. By using this method of data-organization, the two companies (Exochain and BlueCloud) may be able to create a paradigm shift to help improve the way clinical research is handled, along with private, personal data.
It’s an exciting time for the two partners. They’ve been able to help deliver some of the most secure, legal frameworks in the industries of regulatory compliance and healthcare researchers.
The possible use of blockchain tech is definitely creating a buzz of sorts, hopefully people will see its use by the two companies as bringing value to all involved industries.
What are your thoughts? Will using blockchain technology become beneficial to the patients and all involved parties? Leave your answer in the comment section below.