MISBLOC: My Medical Data
Medical Data collected on the blockchain
MISBLOC (Medical Information Service with Blockchain) is a medical service ecosystem which is based on blockchain technology. MISBLOC offers a sustainable and efficient medical service ecosystem by providing reliable medical information to patients, medical institutions, and public institutions in the Big Data era.
Hi there! In today’s post, we are going to continue providing interesting and useful pieces of educational content. Today’s topic of discussion is medical data. Following the path of My Financial Data, My Medical Data is currently receiving a lot of attention. So what is My Medical Data all about? Let’s check it out together!
What is My Medical Data?
It is a support system that allows individuals to collect, store, manage, and provide personal medical information to third parties.
Recent Healthcare Data Trend
In June 2020, the Ministry of Science, Technology Information and Communication selected a MyData demonstration service (8 tasks) from six areas, including the medical, financial, and other public sectors. There is a growing opinion that Medical My Data will become one of the most important aspects of this movement.
According to a 2020 Public Awareness Survey, 78% of participants said they were willing to use personal health information services. However, only 20.9% of the respondents said they had actually used personal health information in the past. For medical data to become commercialized, we need a system for maintaining and transparently storing data.
Necessary Improvements to Commercialize My Medical Data
Hospitals and individuals must share data to integrate it and use it for AI analysis. Consent of the people who own the information must be received in order to collect various essential health data. Currently, most medical records in Korea are held by large, major hospitals. Medical data is one of the main assets of each hospital, but even creating incentives for the hospitals to participate would be useless if you do not get consent from individuals who are the true owners of the information.
Therefore, a new system is needed for individuals to directly manage their data. Individuals have the right to share the profits that result from the use of medical information, genetic information, and biological data. In this situation, many experts say that it is necessary to clarify the information utilization process that reflects the characteristics of each piece of information and establish related regulations.
Currently, medical data collection for research uses a positive approach that allows only a part of the information that meets the conditions to be used. However, experts say a negative transition is necessary to ensure the availability of precise medical data. The biggest reason why people are opposed to the use of medical data is the fear of personal information leakage. Security is key to collecting precise medical data.
To ensure the stability of this important medical data, MISBLOC combined with blockchain technology. In the growing healthcare data market, MISBLOC will apply blockchain technology to ensure the reliability and transparency of personal healthcare data. It will create an efficient healthcare ecosystem for patients, hospitals, governments, and public institutions.