Latest Developments in Global Blockchain For Healthcare Market

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Latest Developments in Global Blockchain For Healthcare Market

  • Healthcare
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In June 2024, the PharmaLedger consortium launched a blockchain-based electronic leaflet (eLeaflet) system across several EU nations, allowing patients to access secure, real-time drug information by scanning medicine packaging. This initiative aims to enhance data transparency, combat counterfeit medications, and provide seamless digital communication between pharmaceutical companies and patients. By leveraging distributed ledger technology (DLT), PharmaLedger is setting a new benchmark in patient engagement and drug traceability across Europe.
  • In 2024, GlaxoSmithKline (GSK) collaborated with Viant, a blockchain platform developed by ConsenSys and backed by Microsoft, to pilot a blockchain-powered track-and-trace solution for its global pharmaceutical supply chain. This pilot is designed to improve drug provenance, prevent counterfeiting, and comply with the U.S. Drug Supply Chain Security Act (DSCSA). GSK’s adoption of blockchain illustrates the growing reliance on transparent and tamper-proof systems for safeguarding global medication flows
  • In January 2022, Avaneer Health, a blockchain healthcare network founded by major players such as Aetna, Anthem, Cleveland Clinic, and CVS Health, secured USD 50 million in seed funding to launch a decentralized infrastructure for secure data exchange and claims processing. The initiative continues to expand through 2024, offering blockchain-based solutions for payer-provider connectivity and enhancing administrative efficiency across the U.S. healthcare ecosystem
  • In March 2024, researchers at King Saud University introduced SCALHEALTH, a blockchain-enabled healthcare data integration system built on Hyperledger Fabric. The model supports secure storage and exchange of IoT data from wearable medical devices, while incorporating NFT-based drug authentication. SCALHEALTH is designed to improve system scalability, data immutability, and patient-centric access, aligning with global trends toward smart healthcare ecosystems
  • In February 2024, BurstIQ, a HIPAA-compliant blockchain platform for healthcare data management, advanced its initiatives around prescription fraud prevention and patient-controlled health data sharing. The platform enables the secure monetization and licensing of de-identified health data, empowering patients and institutions to maintain regulatory compliance while enhancing research and data utility across the sector