Last week, the Baby Center in San Francisco and Johnson & Johnson (J&J) hosted the Society of Physician Entrepreneurs (SoPE) for a meeting to discuss the implications of Blockchain-based solutions on medical practices and society in general.
First a note about the amazing work going on at the Baby Center; this center provides expert advice and community for more than twenty-five million mothers worldwide. Vital digital messaging is protecting both moms and babies even in areas without internet services by providing free text messages to mobile phones.
Though the babies are unaware, the world is undergoing a much-needed remaking of the internet. We are in the midst of a network level overhaul of the building blocks that form the foundation of our global economy. We are in fact mathematically fortifying the internet. This effort uses blockchain-based data structures with military-grade encryption to close the gaping holes apparent in the first version of the internet. With this overhaul features such as identity, trust, audit trails and individual authorization to mention a few, are basically baked in.
What does this mean for the little ones currently enjoying the comfort of their mom’s belly?
Hopefully, these babies will never have a password nor ever experience identity theft. Self-sovereign identity via uPort or Civic and others will become the standard way in which individuals will own and manage their identities with any digital transaction. Food and drug safety should be a given as blockchain-based supply chain solutions ensure the provenance of these and other items. The cost of tracking and transferring value (currency, property and other assets) should be reliably secure and as simple as a few clicks on their phones. All the while, these babies should expect to gather a longitudinal data record of their personal and health transactions that will stand by them regardless of where they happen to be on the planet. Gone will be the days of trying to pry your health records free from institutions. Perhaps even miss-diagnosis (upwards of 25% today) may also be a thing of the past as practitioners embrace the assistance of artificial intelligence (AI). Digital insights from more comprehensive data sets utilizing wearables and the internet of things (IoT) solutions should impact medical accuracy significantly.
This brings us to the physicians and the question of blockchain based impact on medical practices. As we continue to evolve into a growing international economy, so too will practitioners likely serve a portion of their roster in-person and another portion on-line. Growing telemedicine practices are likely to thrive as the friction of payment is eliminated by efforts such as Universal Healthcoin a Public Benefits Corporation reinventing healthcare finance using a token-based economy. Meanwhile, the speed of tracking deadly epidemics could be dramatically improved with blockchain-based solutions. Even the opioid epidemic has experts looking at blockchain as a possible solution. Hashed Health and others are providing just-in-time and locally relevant health intelligence using trusted information through digitally verified devices and data streams connected to inform clinicians regarding the dynamic health of patients and communities.
In short, the benefits of blockchain are many and SoPE with J&J is enabling clinicians to embrace this new technology. Details provided below.
Uli K. Chettipally MD, MPHmoderated the panel.Uli is Co-founder & CTO, CREST Network, Kaiser Permanente. President, Society of Physician Entrepreneurs (SoPE), San Francisco Bay Area chapter. Dr. Chettipally is an emergency physician, researcher, and an innovator who is passionate about delivering artificial intelligence-enabled solutions to the physicians at the point of care in order to improve patient outcomes. He designed, developed and implemented a region-wide clinical decision support platform to deliver real-time predictive analytics to the physicians and patients — for which he received the “Pioneer” award from Kaiser Permanente Innovations. www.kpcrest.net
Zeenat Ali, MBA — Founder and CEO, Mammoth Technologies.Zeenat, a certified blockchain expert, has over ten years of experience in healthcare innovation & development. She is currently developing a healthcare blockchain application and serves on advisory boards for healthcare technology companies while pursuing her dual MD/JD degree. Zeenat wrote a bill & spoke at Congress for healthcare reform and presented an extensive analytical overview of converting from a quantity-based health system to a quality-based health system. She was featured in Variety Magazine & CSPAN.
Adam Tabriz, MD — Physician Entrepreneur, Founder, CEO of Virtumed 360, Inc. Adam completed his undergraduate studies in U.K., earned his medical degree in Hungary and completed Residency at Georgetown University School of Medicine. 25 years of his clinical and entrepreneurship career has been an inspiration to introduce his current passion to create a roadmap leading to “Healthcare Without Borders”.
Radhika Iyengar-Emens, Managing Partner, DoubleNova Group. Radhika Iyengar-Emens is Founding Partner at StarChain Ventures and Managing Partner of DoubleNova Group, a Silicon Valley-based blockchain consultancy and ICO advisory. She is a Tedx speaker, a Silicon Valley Woman of Influence, a serial entrepreneur, a crypto investor and an expert in blockchain, digital health and global entrepreneurship.
Brigitte Piniewski, MD — Board and Charter Member, TiE Oregon.
Dr. Piniewski is a seasoned Healthcare executive advising both Health tech startups and investors in Oregon. She is an advisor to Universal Healthcoin. Increasingly her focus has been helping our traditional investment community navigate blockchain-based solutions and their role in Initial Coin offerings or ICO’s. Dr. Piniewski trained at UBC and McGill Canada and now resides in Portland, Oregon.