Ibm Joins Hands With Boehringer Ingelheim To Deploy Blockchain In Clinical Recordkeeping

By Author: James
Total Articles: 13

The Canadian subsidiary of U.S.-based tech behemoth IBM has joined hands with German-based pharmaceutical giant Boehringer Ingelheim to deploy blockchain in clinical recordkeeping.

The partnership between the two firms intends to test whether the integration of blockchain technology with clinical recordkeeping gives the suitable level of patient safety, transparency, and data integrity, in addition to decreasing automating processes and costs.

IBM has taken part in various healthcare-related projects. Last month, IBM collaborated with U.S.-based insurer Aetna to create a blockchain network customized for the healthcare sector. The blockchain system will be designed to reorganize insurance claims payments and processing, as well as manage directories.

Boehringer Ingelheim is an international research-driven pharmaceutical company that also focuses on the development of therapies. In 2017, the net sales of Boehringer Ingelheim was nearly EUR18 billion. The Canadian headquarters of Boehringer Ingelheim was established in Montreal in 1972.

Recently, San Francisco-based blockchain tech company Bitfury collaborated with collaborated with Medical Diagnostic Web, a radiology blockchain marketplace, to create a blockchain-based platform for sharing, securing, and maintaining medical imaging and diagnostics information such as X-rays and CT scans.

This month, the Pistoia Alliance, a medical R&D consortium, expanded its blockchain project to include data integrity, data identity, and data sharing. The project will focus on the use of blockchain technology to validate sources in recognizing and enhance sharing between organizations.

In a separate news, Czechoslovakia-based finance platform SDK.finance has collaborated with Oracle to use the Oracle Blockchain Platform to enhance payments process and eliminate intermediaries.

By integrating the Oracle platform, the finance platform aims to enhance payment processes as well as make them more secure and cost efficient. SDK.finance is planning to replace intermediate financial institutions with the latest system that would result in the reduction of the time required for international transactions in a faster rate and remove associated transaction fees.

Meanwhile, Oracle is expanding features on its enterprise-grade Oracle Blockchain Platform with the aim to simplify the process of integrating the extant business and IT systems.