The Pistoia Alliance has expanded its blockchain project to incorporate data sharing, data identity, and data integrity, as per a press release published on February 8.

The Pistoia Alliance is a not-for-profit organization established in 2007, with representatives from well-known pharmaceutical industry firms that embody Pfizer, Novartiz, and GSK. The Pistoia Alliance was formed to help integrate new technology to help in the companies’ respective research and development (R&D) fields.

The newest project can concentrate on the utilization of blockchain to validate sources in identifying data, to make sure data integrity, and to enhance sharing between the organizations.

Prior to it’s invade into blockchain-based data management, Pistoia focused on educating the medical industry on the emerging technology. As per Pistoia, a recent survey found that access to skilled personnel and understanding of the technology are the first barriers to blockchain’s adoption. That same survey reportedly declared that one-fifth of respondents don’t assume blockchain adds value beyond a standard database.

“Much of the business continues to be at the ‘discussion’ stage of blockchain, we would like to move beyond this and take action that actively supports members and results in tangible outcomes which will benefit R&D, accelerate innovation and support the invention of latest treatments,” as per the president of the Pistoia Alliance, Steve city.

Distributed ledger technology (DLT) has been enforced across the healthcare industry to make medical data more shareable and more secure. In November 2018, Myongji Hospital, situated within the town of Goyang, South Korea, signed a memo of Understanding (MoU) with Korean IT company BICube.

Per the terms of the MoU, the 2 parties would use DLT to create a health care data exchange system and “build a hybrid cloud [platform] that mixes a public cloud and a personal cloud.”

That same month, the Austrian government offered funding for a U.K. cancer analysis company, Lancor Scientific, that uses blockchain technology to find the illness. Lancor Scientific has supposedly developed a tool to find multiple cancer sorts and records the screening results with smart contracts on a blockchain.

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