Political and Economic Implications of Blockchain Technology in Business and Healthcare
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Political and Economic Implications of Blockchain Technology in Business and Healthcare

Dário Oliveira Rodrigues (Instituto Politécnico de Santarém, Portugal)
Pages: 300|DOI: 10.4018/978-1-7998-7363-1
ISBN13: 9781799873631|ISBN10: 1799873633|EISBN13: 9781799873655|ISBN13 Softcover: 9781799873648


It is known that, both in health and in business, trust is fundamental. Most of all, it becomes essential when business is about healthcare. This is a time when trust is undermined by digital means. For example, increasingly pervasive "apps" menace privacy (e.g. when monitoring infectious diseases) and social networks use new business models, artificial intelligence and statistical-inspired algorithms which imply the proliferation of fake news and "alternative realities". Being so, it becomes important to come up with new ways to fact check and authenticate data. It is believed that “blockchain” technology can serve this purpose, allowing us to verify the authenticity, confidentiality and integrity of the data underlying many quantifiable realities (e.g. clinical data), as well as to securely distribute such evidence of trust to stakeholders and doing it in the absence of intermediaries.

It is believed that this disruptive technology brings a new ethical promise to consumers, patients and prescribers which can be translated into competitive advantages with profound political and economic consequences. In a time of environmental turbulence, in which a new digital paradigm and the pandemic crisis are combined to form a business turning point, a "post-COVID-19" world is foreseen, where new requirements of trust are needed to streamline and increase the reliability of e-business.

Therefore, this edited book aims to observe the business significance of blockchain technology, as well as their political and economic repercussions, with emphasis on the health area and the pharmaceutical market. This publication allows readers to learn about the applications of this disruptive technology to the business world, helping them to reflect on the implications of cryptocurrencies on entrepreneurship and the importance of privacy and personal data ownership, especially focused on clinical data transactions. It is of interest to professionals, students, and researchers in the areas of life sciences and business sciences, as well as professionals and policy makers, in various areas, particularly in the health sector.

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