US National Cancer Institute approves blockchain project to create a shared data system

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The National Cancer Institute, an agency within the U.S. Department of Health and Human Services, has approved a project to create a blockchain-based system to share clinical data.

The agency approved the project on Friday, stating that the Rensselaer Polytechnic Institute will use IBM Hyperledger blockchain to share clinical data between health care providers, patients and the research community.

Traditionally, clinical data has been stored across multiple parties and managed in a fragmented manner, creating "frictions in information exchange,” the agency said. They added:

“Failure in timely access to health information could impede effective treatment decision-making, which will adversely affect patient health, and also incur unnecessary costs such as duplicated tests.”

The blockchain-based system aims to “securely and efficiently” share healthcare data, maintaining flexibility as well as enforcing data sovereignty.

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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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