While blockchain has been primarily associated with the financial industry, it is also being used in other fields such as science and medicine.

Triall is the only organization to use blockchain for clinical trials. The company has created a digital ecosystem of blockchain-integrated software solutions to improve clinical trial processes and solve the industry’s challenges.

Raymond van der Waal (co-founder) of Triall explained how Triall helps to develop the industry in clinical research.

What is Blockchain in Clinical Trials?

Triall developed B2B software that integrates with blockchain. By anchoring hashed datapoints on the blockchain, Triall’s solutions make sure that essential documents and research data collected during clinical trials are tamper-resistant, improving research integrity and reliability during the development process of new medicines. In addition, by leveraging the blockchain standards of decentralized identifiers (DIDs) and verifiable credentials (VCs), Triall’s solutions will enable secure integrations between the many isolated systems and parties involved in clinical research.

Triall employs blockchain technology to meet two industry needs

Triall allows the creation of an integrated ecosystem of clinical trial software through APIs (Application Programming). Interface (NASDAQ:) That communicates with the Blockchain for cryptographic and tamper evident identity management and privacy-respecting access management.

“We take an “ecosystem approach” that is unique to the industry: by enabling secure and compliant integrations between currently isolated clinical trial software, we aim to turn current competitors into cooperators for the benefit of faster and more efficient clinical trials,”
DailyCoin spoke with Triall’s founder.

Medical Research is Using Blockchain

“We believe that the use of blockchain technology will become an industry standard and that this will also be mandated by regulators and industry standards development bodies across the globe,”
van der Waal said.

Clinical trials are about establishing conclusive evidence regarding the safety and effectiveness of new therapies and vaccines. The blockchain and other related technologies are incredible tools to ensure that the evidence is trustworthy, traceable and verifyable. This technology addresses the increasing number of issues with data integrity and traceability in our industry. It is a great solution for regulators and all stakeholders.

Blockchain-enabled technology, such as DIDs (decentralized identifiers) or verifiable certificates (VCs), offers amazing possibilities for improving how we manage sensitive medical information in clinical trials and more broadly. DIDs, VCs, are our vision for a decentralized access and identity management layer which revolutionizes data discovery, exchange and privacy.

Triall’s blockchain-based value propositions offer these distinct advantages to clinical trial professionals.

To The Flipside

• Blockchain adoption in the medical sector will be slow.
• Blockchain requires you to be able to understand complex technologies and learn new skills.

What are the reasons to care?

The health care system can greatly benefit from blockchain technology’s safe, efficient, anonymous, and data integrity-free operations.

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