South Korea’s healthcare sector is seeing an increase in blockchain adoption as practitioners pivot towards virtual contact with patients amid the ongoing coronavirus pandemic. From the handling of clinical research data to patient information, the novel tech is experiencing utilization in South Korea as stakeholders prioritize privacy and efficiency within the industry.
The 2020 Blockchain NIPA conference in South Korea set the stage to showcase the increasing deployment of decentralized ledger technology (DLT) in the country’s healthcare arena. According to a Dec. 15 report by The Capital, several panels at the event offered evidence of significant blockchain penetration in South Korea’s health sector amid the scourge of COVID-19.
Appearing during the conference organized by the National Agency for the Promotion of the IT Industry (NIPA), Paul Park, CEO of South Korean blockchain outfit FLETA presented a real-world data (RWD) clinical research data logging project developed using blockchain technology. Back in June 2019, FLETA secured a $3 million grant to develop a proof of concept (PoC) for the platform.
Park also revealed that FLETA also utilized Chainlink as well as partnerships with medical centers in the country to catalog and analyze nine years of clinical data of patients with diabetes. South Korea reportedly has over 3.6 million people suffering from diabetes, a major COVID-19 mortality risk factor. FLETA’s blockchain RWD will run in concert with the company’s other clinal DLT-based project eCFR.
Outside South Korea, COVID-19 has also shaped the utilization of blockchain technology in the health sector. In October, IBM announced plans to tackle the pandemic using protocols based on the novel tech.
source:
https://btcmanager.com/blockchain-adoption-south-korea-health-sector-covid-19/
