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1、Blockchain:TheChainofTrustanditsPotentialtoTransformHealthcare–OurPointofViewBlockchain:TheChainofTrustanditsPotentialtoTransformHealthcare–OurPointofView“UseofBlockchaininHealthITandHealth-relatedResearch”IdeationChallengeOfficeoftheNationalCoordinatorf
2、orHealthInformationTechnologyIBMGlobalBusinessServicesPublicSectorTeam6710RockledgeDr.,Bethesda,MD20817August8,2016ThiswhitepaperisintendedtoassisttheGovernmentwithmarketresearch/healthrelatedresearchonly.ItisnotintendedasacommitmentthatIBMwillfurtherdev
3、elopblockchaintechnology,northatblockchaintechnologywilladdressspecifichealthrelatedrequirements.IBMisthesoleauthor,creator,andownerofthesubmission,orhastherighttousetheinformationherein.Thesubmission,tothebestofIBM’sknowledge,doesnotandwillnotviolateori
4、nfringeupontheintellectualpropertyrights,privacyrights,publicityrights,orotherlegalrightsofanythirdparty.Blockchain:TheChainofTrustanditsPotentialtoTransformHealthcare–OurPointofViewExecutiveSummaryAsithasforcenturies,commercereliesontwothings:trustandve
5、rifiedidentity.Putmoresimply:Whatisbeingexchanged,andwhoisconfirmingit?Yetcommercethatwasoncedirectandin-personistodayconductedmostlyonlineandrequiresintermediariessuchasbanks,governments,orothercentralauthoritiestoverifytheidentityofeachpartyandestablis
6、htheneededtrustbetweenthem.Andwheneverthereareintermediariesthereareinefficiencies–decreasedspeed,increasedcost,andsometimesevenfraud.Privacy,too,canbeaffected,andthecentralizedinformationstoresoftheintermediariescanbevulnerabletoattacks.Thefamous1993car
7、toonbyPeterSteininTheNewYorkersumsupthetrustlimitationthatisinherentinonlinecommerce:“OntheInternet,nobodyknowsyou’readog.”Twenty-threeyearslater,theworldisstillworkingtoovercomethislimitationwithacommerce-readymethodofvalidatingidentityandestablishingtr
8、ustwithoutvalidationbyanintermediary.Welcometoblockchain,oftencalledthechainoftrust.Blockchaintechnologycansupportanewgenerationoftransactionalapplicationsandstreamlinedbusinessprocessesbyestablishingthetrust,accountabilit
