Blockchain and clinical data economics: The tokenization of clinical research in the EU

Ana Pêgo, Inês Graça Raposo, Mitchell Loureiro

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Clinical research evolved side-by-side with technology, leading to exponential data generation contributing to social and economic development. Nevertheless, data storage, integrity, and privacy concerns have emerged, raising trust issues regarding data sharing. This chapter will demonstrate how blockchain technology (BT) can address these problems and help optimizing processes, minimize costs, and monetize data. It will explain why these models are not fully explored and how cryptocurrencies are advantageous compared to traditional currency. Worldwide examples of companies developing network infrastructures that rely on private players will be provided, and European cases, where consortium models that count with different partners to build health blockchain infrastructures are being developed, will be discussed. Considering the business models to be addressed under the European Union (EU) jurisdiction, a hypothetical BT-based healthcare model with potential application in the EU scenario will also be highlighted.

Original languageEnglish
Title of host publicationPolitical and Economic Implications of Blockchain Technology in Business and Healthcare
PublisherIGI Global
Pages269-291
Number of pages23
ISBN (Electronic)9781799873655
ISBN (Print)9781799873631
DOIs
Publication statusPublished - 11 Jun 2021

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