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Pharma Tech Outlook | Thursday, August 13, 2020
Blockchain, when applied in the clinical domain, can address many challenges in the clinical trial process while promoting transparency and traceability.
FREMONT, CA: Blockchain underpins the transformation of a number of industries. It is a decentralized database containing a pooled set of information which is immutable and irrefutable. The database cannot be modified without the consent of relevant stakeholders. As blockchain is not just an incorruptible digital ledger of economic transactions, but virtually everything of value and importance to humankind. Consequently, when applied in the clinical domain, blockchain provides real-time visibility giving value across the clinical trial supply chain, including clinical trial management, patient safety, and drug safety. The technology has the potential to address many challenges in the clinical trial process while promoting transparency and traceability. Here is how blockchain benefits the clinical trial process.
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When patients want to enroll themselves in the clinical trial process, they should undergo all the prescribed tests again, even if it was not conducted long before. It is a time-consuming approach as the site-team cannot pull all the information from a common database that emphasizes the need for real-time functional interoperability. It is possible with the help of blockchain technology.
Another successful application of blockchain technology would be related to the future use of lab biospecimen samples, including blood and others collected from clinical trials. After collecting the study-specific sample and when the company wants to use it for research in the future, there they encounter the major roadblock. They should track back to check whether the consent was obtained initially from the subject while collecting the sample. Even though the permission was somehow obtained, it is difficult to correlate it with the ever-changing, country-specific, and different regulations. Blockchain technology can address this by providing a connecting link to map the same. This can facilitate tracking and precise retrieval of the unique patient-specific lab sample and information about consent.
Thus the benefits offered by the technology are vast, including helping to detect fraud, improving compliance, facilitating patient enrolment, predicting the safety of drugs. Further, it can control payment and finances, track biospecimen samples for future use in the clinical trial.
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