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Description

The panelists are practicing physicians and informaticists who believe that there is fertile ground for innovation at the intersection of blockchain and healthcare. Blockchain is a distributed ledger technology that is likely to transform the processes of information exchange for numerous industries, including healthcare. In 2008, blockchain, along with its use of cryptographic techniques, was made famous by the novel process of mining digital currencies such as Bitcoin. While many misconceptions about blockchain technologies have stemmed from an association with Bitcoin, the underlying principles can empower many applications beyond the exchange of value via digital currency. Some valuable characteristics include an immutable audit trail, decentralization of systems, and distributed data. The panelists are blockchain enthusiasts who have an active track record of working on applying this technology to positively influence the delivery of healthcare. The fundamental technology underpinning blockchain applies to many healthcare use-cases and can potentially lower costs, increase efficiency, restructure security and engage more stakeholders with new incentive models. Blockchain continues to evolve, adding transactional capabilities via the incorporation of additional functionalities, such as smart contracts. We aim to demystify blockchain and articulate its value added to the healthcare industry, while openly discussing its limitations.

Learning Objective 1: - Evaluate blockchain use-cases by understanding the fundamentals of the technology, the conceptual framework of current applications, the potential for new incentive models to engage stakeholders, and the future implications of the technology.

Authors:

Roger Boodoo (Presenter)
University of Illinois at Chicago

Monique Diaz (Presenter)
University of Illinois at Chicago

Justin Taylor (Presenter)
Walter Reed National Military Medical Center

Alaa Alsadi (Presenter)
University of Illinois at Chicago

Presentation Materials:

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