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The Roundtable: Web3 and Patient Privacy

The blockchain will allow us to trace and control private medical data that companies currently use—and profit from—without our permission.

The healthcare industry seems less geared to patients’ well-being than ever. Can Web3 address some of today’s pressing issues in medicine? A panel of experts joined Roundtable to talk bioethics, NFTs, and the future of healthcare and medicine. In this segment, they discuss how Web3 will enable greater patient control over their data—including the right to profit from it. 

Kristin Kostick-Quenet explains that NFTs could allow individuals to trace and control their own medical data in new ways.

“In medicine there's a lot of personal health information being collected, but there's not a lot of control from the patient level over what happens to it. That's true in a clinical atmosphere and in a research atmosphere,” she says. “NFTs offer a kind of rudimentary technology so far to give back some of that control to patients over what happens to their health data and how they can track it.”

To that end, Chrissa McFarlane’s start-up Patientory allows patients to manage their personal data via a centralized platform.

“Patientory is a company that's built on blockchain that serves to give accessibility of ownership of medical records to individuals,” she explains. 

“What doesn't exist today is a clear platform that can provide individuals a secure and centralized place where they can store their medical and health data. With wearable devices, data that's captured from your Apple Watch or your Fitbit has value, and combined with our medical information, it's even more valuable.”

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Watch the full discussion below:

Roundtable Guests:

Chrissa McFarlane, Founder & CEO, Patientory

Marielle Gross, Bioethics Professor, University of Pittsburgh

Kristin Kostick-Quenet, Professor, Baylor College of Medicine

Jane Thomason, Chairperson, Kasei Holdings