Ecosystem transparency reflects a superior value co-created by many actors, who are encouraged to collaborate, communicate, and share resources in a visible environment provided by blockchain features. In this way, the different actors are incentivized to participate in the co-creation of a mutual benefit in a win-win logic. Using appropriate architecture components from our enterprise platform FarmaTrust system is scalable, flexible and modular and can operate between different systems between the production line and business departments. Since there is a settled supply of FTT-creating tokens, as interest for the utility token develops, so will the interest for the holder tokens on the grounds that these are fundamental for the generation of utility tokens themselves. Once propelled, the FarmaTrust stage will permit clients worldwide to use the energy of blockchain and different advancements, for example, manmade brainpower to battle fake pharmaceutical.

1. The COVID-19 pandemic boosted the adoption process, testing the potential of digital technologies in healthcare within a few weeks and demonstrating their usefulness in addressing health crises 2.
2. For example, Pharmaledger developed a platform to serve the entire pharmaceutical ecosystem using a scalable and sustainable architecture to achieve efficient decentralization.
3. The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned).
4. This perspective allows for a systemic approach to co-creation that goes beyond the patient–provider dyad and involves other actors sharing, integrating, and creating the necessary resources to improve the quality of healthcare services 36,37.
5. Ana brings with over ten years experience coordinating and managing operations in large commercial facilities in Germany and the Middle East.

Blockchain technology enables secure data verification by storing immutable information that prevents tampering. It, therefore, creates a trusted environment because every data and action is verifiable and cannot be manipulated. Transparency also allows an entire ecosystem, such as a supply chain, to be visible, which makes it easy to identify inefficiencies and clarify responsibilities, thereby activating a virtuous trust circle between stakeholders. Because of its decentralized nature and the cooperative sharing of information among the participants, blockchain facilitates the constitution of a consolidated group with a specific shared aim. For instance, Avaneer Health, a consortium of firms managed by IBM that contributes to healthcare improvement, ties funders, suppliers, and other organizations together to build a sustainable ecosystem supporting the use of a wide range of platforms. Avaneer’s technology is designed to improve the patient experience, especially in resolving administrative issues and sharing personal data.

TO PROVIDE END-TO-END TRANSPARENCY AND VISIBILITY ACROSS THE ENTIRE PHARMA SUPPLY CHAIN.

Transparency and trust between independent actors also allow for control of the quality certifications of doctors and physicians so that patients can receive adequate and specialized medical care. FarmaTrust is a cost-effective global pharmaceutical tracking system, ensuring that counterfeit drugs do not enter the supply chain and providing data and security to pharmaceutical companies, governments, regulators, and the public. FarmaTrust’s blockchain-based system utilizes Artificial Intelligence and big data analysis to deliver value-added services, efficiency, and a transparent supply chain. Blockchain technology is a decentralized ledger that records data and transactions across a peer-to-peer structure 48. Sets of a transaction form a block identified by a unique cryptographic hash, setting its time stamp. This hash code represents the first piece of data linked to the next block, forming a chain.

The cases analyzed show various applications of blockchain technology capable of supporting value co-creation in healthcare. These applications are designed to monitor patients’ health conditions (including remotely) and offer real-time solutions. By facilitating the secure sharing of data between patients, physicians, and caregivers, the platforms enable service interactions that positively impact service quality and patient trust. Often these solutions are combined with AI tools to achieve an automated diagnosis, improve telemedicine services, process medical images, and data from wearable devices, prevent future diseases, and create a broader clinical picture of the patient.

Consent Management

After purchasing a kit and submitting a test, users access the Nebula Genomics website and receive the results. Users can protect their data through blockchain technology during kit registration, and consent is securely and transparently managed on an immutable public ledger. If the user accepts the usage policy, Nebula Genomics will generate new genetic reports based on the latest scientific findings. Before the data are analyzed to create a report, the user’s authorization and compliance with data privacy regulations are verified. The encrypted genome files are then uploaded into a secure enclave, where Nebula Genomics executes the code to compile the new report. In this way, the system incentivizes the patient to share resources with other actors in the ecosystem, taking an active role in the value co-creation process.

This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.

Elix – Revolutionizing How Loans & Crowdfunding Work With The Blockchain

Through the platform, patients, research organizations, and hospitals can interact securely and in an atmosphere of mutual trust. Sensitive data are not visible to network nodes, and patient identity and consent management are automated and secure. Blockchain also prevents unfair practices thanks to the more effective and transparent actors’ cooperation and participation, as demonstrated by the fight against drug counterfeiting.

More specifically, the process started with a few cases identified through collaboration with members of the Italian Blockchain Association. These companies have adopted and developed healthcare blockchain solutions to improve their service provision and activities, transforming the relationship between the actors involved. Following the farmatrust coin recommendation of Seawright and Gerring 68, we added cases that incorporate different combinations of IoT and other technologies in deploying blockchain solutions to achieve diversity.

This perspective allows for a systemic approach to co-creation that goes beyond the patient–provider dyad and involves other actors sharing, integrating, and creating the necessary resources to improve the quality of healthcare services 36,37. It can be done with technologies which link physical products to the digital world, and this ensures that what reaches the patients are all authentic. FarmaTrust seeks to use blockchain and AI to not only eliminate counterfeit medicine and also to automate regulatory compliance, automatic payments and create automatic audits. They want to provide “just in time” delivery of drugs, thereby preventing price spikes in medicines. By the end of the first quarter for 2018, FarmaTrust will have extended the blockchain MVP, completed testing for speed and scale, expanded the product description, created the web app, and demonstrated the MVP.

While the industry suggests selecting a manager based on the average results of their trading, – CINDX provides full, transparent access to success and failure statistics for all Managers registered on the platform. And because everything is recorded on the CINDX blockchain – there are never any inaccurate values, creative accounting, or imposed accountancy. Mike has been involved in IT since 1979 having started as a graduate trainee with Burroughs Machines; the number two global IT business at that time. Coral Health, for example, offers patients a blockchain-based application where they can enter their data and be assisted by technology in managing drugs and prescriptions.

Combining blockchain and AI to improve pharmaceutical supply chain efficiency and save lives. The API provides endpoints that correspond to a subset of the EPCIS core business vocabulary. It also includes a variety of other endpoints that enable chain-of-custody verification, batch EPCIS XML processing and product custody transfer.

DR (Domain Rating) metric is a sign of the project’s website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype. These are the project’s quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project. These are the project’s quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

1. Similarly, the platform In2Dafne, developed by the Italian Consorzio DAFNE, ensures visibility to all actors in the supply chain using blockchain, making data related to drug stocks visible.
2. It builds trust mechanisms for solving transparency and security issues related to information exchange, such as tampering 52.
3. Zoi is an distributed and interoperable supply chain exchange, designed to achieve just that.
4. It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours.
5. By background Jeffrey is an IT engineer and works for the `Vrije Universiteit in Amsterdam`.

The connected technology can sense the conditions and surroundings, engaging patients in real-time data collection, continuous communication, and interactive feedback. Digital technologies also affect actors’ roles by widening resource accessibility and facilitating decision-making by integrating massive real-time data and multiple interactive responses 4. They extend engagement in ways that help users adopt long-lasting changes and augment human actors’ agency to better monitor, update, and refine their decisions or execution efforts 4,46.