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A minster's look at healthcare: Providing fertile ground for blockchain innovation

Published 08/29/2020, 10:00 AM
Updated 08/29/2020, 11:40 AM
A minster's look at healthcare: Providing fertile ground for blockchain innovation

The strain placed on healthcare teams and networks over the past few months has been severe, pushing dedicated medical professionals to the limit as they work tirelessly to combat COVID-19 in communities around the world. The crisis has permeated every facet of society, shining a spotlight on the glaring inefficiencies within the traditional global healthcare system and illustrating the inherent need for technology-driven initiatives that can alleviate pressure on healthcare professionals and ensure patient data collation is as streamlined and secure as possible.

As someone who has long championed the potential of blockchain technology to be a transformative enabler of change across a wide spectrum of industries, I believe in the criticality of delivering new levels of efficiency, transparency and automation — pronounced benefits of distributed ledger technology — to the future of global healthcare, particularly from a data collation and patient care delivery standpoint.

Albert Isola is Gibraltar’s minister for digital and financial services with the primary responsibility of raising Gibraltar’s profile as a well-regulated financial services center, leading the way in DLT and online gaming regulation. Minister Isola previously served as Gibraltar’s minister for commerce where he played a central role in spearheading Gibraltar’s purpose-built DLT regulatory framework, which was introduced in January 2018 for firms using blockchain to store or transfer value.

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