Gerald Law

We caught up with Gerald Law, Innovation DB about the opportunities for blockchain in the life sciences sector.

What is blockchain?

A blockchain is a way of organising records in an order that reveals immediately if someone has tampered with it. Consider taking a page out of a book and putting it back somewhere else. The page number would not fit the sequence, the words would not follow in a coherent manner, any illustration would be out of context, and so on. A blockchain gets its name because the records in the system are in an unalterable sequence, made up of blocks of information. 

 

Where are the opportunities for blockchain in the life sciences sector? 

In life sciences the use of big data will allow for powerful progress, but the data being used belongs to people who have justifiable reasons to be worried about how it is stored and kept private. Blockchain systems can give assurance to data owners that their data is both secure and anonymised – although the complexity of the systems will require a talented PR campaign as most people will not understand how these systems work and will need to be convinced indirectly of the system’s credentials.

 

How might we see this impacting analysis and research in the laboratory? 

There is massive potential for the sharing of helpful data with the consequential reduction in duplication of effort and the acceleration of conclusion that are better drawn from fuller data than from more limited data. 

Laboratory equipment can expect to need enhancements that allow for the inclusion of this data and the analysis of text results that accompany it.

 

Who will this impact?

Everyone… either passively or – better – actively.

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Gerald Law started Innovation DB six years ago, and recently gathered an international line up of speakers from major corporations, with experts and major players in the AI and Blockchain arena for a day of learning and discussion about this crucial topic.  

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