The cost of data breaches is high for society as a whole, too. The result is an erosion of trust and a reluctance to use services that gather sensitive health information, even if consumers could greatly benefit from receiving a service that diagnoses health risks and supports the maintenance or improvement their overall health. This reluctance may stem from uncertainty about how health data services will store and use their data over time.
Blockchain has moved on significantly from its early association with Bitcoin and other cryptocurrencies, and is now envisioned for use in a wide variety of applications, including health care. In the case of sharing personal health data with consent, blockchains allow each individual consumer to manage their own data and how it is shared.
Consumers manage their health data as encoded credentials in their personal health wallets, similar to the Apple Pay wallet. They can then share only as much data as needed, using cryptographically encoded and distributed peer-to-peer networks, to fulfill the purpose of the data collection.
Using their wallets, consumers can provide their personal health data to labs, research partners, health-care practitioners and others, along with consent that describes how the recipient of their data is allowed to use the data and for what time period. Recipients can be assured that the data they receive is shared with the consumer’s consent, and consumers can be assured that their data will be treated appropriately by the recipient.
In some cases, such as in the context of health-care research, consumers may even receive a reward for contributing their data for the advancement of science. The use of a personal health wallet keeps data in the custody and control of consumers, while the use of encryption for data in transit over a distributed peer-to-peer connection between consumers and those with whom they share their data improves privacy and security.
Thank you☺️
short and crisp. amazing.