The year 2020 will certainly be
unforgettable for our lifetime. When someone mentions 2020, we will look back
and vividly remember the food and essentials shortages, people becoming
infected in record numbers, and other interesting events. One area of
particular attention has been on the vaccine. We will remember the mad dash to get
the vaccine created, approved by the FDA, and distributed. The critical step
within this flowchart is to have the proposed vaccine run through the double-blind
trials to compare its success rate with placebo. With this race to the cure,
there may be pressure placed on the company and researchers to use a
statistical grey area to make the data appear in a better light than the actual
data. To lessen the opportunity for this to occur, blockchain may be used. For
this use case, the clinical trial data would be entered as it is retrieved. As
each block of data is entered into the chain, it becomes part of history and
can’t be changed, which is a clear benefit of blockchain. After the clinical
trial data has been recorded it can’t be changed or updated to improve the results,
unless there is a rather extensive attack perpetrated successfully. When the
results are close to being approved and the vaccine only needs a few more
positive results, the undue pressure to adjust a few results for approval and
millions of dollars in revenue may be present. With a fully functioning
blockchain in place, this is not an option and improved integrity.
Blockchain is a decentralized
digital ledger consisting of records called blocks that is used to record
transactions across many computers so that any involved block cannot be changed
retroactively, without the alteration of subsequent blocks. This is especially
beneficial for logs which cannot or should not be altered or to add a layer of
cybersecurity.
Please contact us when we may be of
assistance with showing you when and how to apply blockchain to your business
and processes.
Charles Parker, II; Principal
Scientist; MBA/MSA/JD/LLM/PhD/DCS (IP)
810-701-5511
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