Blockchain as a Solution for Data Management in Clinical Trials

Data management in clinical trials

Clinical trials are essential to determine the safety and viability of new drugs intended to enter the market or to find alternative uses for drugs that are already commercially available.

Pharmaceutical trials generate a vast amount of data, and meaningful collection and interpretation of such data are crucial to determine the integrity and validity of the outcomes. 

The problem arises when trying to manage medical records, patient-reported data, drug safety and dosage parameters, data arising from biological samples, and data coming from many other sources. There is a lot of information available, and investigators are partial to taking the somewhat misguided ‘more is better’ route. This blunt approach often places a burden on trial participants in the form of countless and repetitive questionnaires, multiple sample taking, and other annoyances at times when the subject’s health may be in serious jeopardy. Furthermore, much of this data might never be looked at, analyzed, or used in any way.

The collection, analysis, and validation of clinical data is, therefore, an inherently complex and costly process that involves a lot of moving parts, which quickly becomes its own Achilles’ Heel. There are simply too many sources and many ways in which data can be misinterpreted or maliciously altered or misused. 

Current inefficiencies

Take Case Report Forms (CRFs) and patient diaries, for example. These are usually paper-based data collection methods that are still widely used today. CRFs typically are specific to each trial and are utilized by hospitals, or whatever institution is running the trial, to collect patient data. Patient diaries are given to study participants so they can record medicine intake times and doses, any worsening of symptoms, etc. 

CRFs and patient diaries are perfect examples of the inefficiencies currently faced by clinical trials, as both methods rely on hand-written notes from either patients or study staff. Either way, these notes can contain ambiguity, which might lead to being misread or misinterpreted, potentially compromising the study outcome and patient safety. Paper-based data is costly and awkward to store and manage, and can easily be misplaced or tampered with, which casts heavy doubts about its validity and reliability in a clinical setting.  

Overall, only one in ten drugs being tested actually makes it to the market. This is a huge failure margin, which means a lot of time, effort,  assets, and data being wasted in the process.  

Blockchain as a solution to clinical data management

Clinical trials pose challenges due to their very nature. Blockchain technology can address some of them.

At its core, blockchain is a decentralized ledger that does exactly what it says on the tin. It is a chain of blocks that stores transactional data. All existing nodes in the network validate the transaction, which becomes immutable, i.e., it cannot be changed. Simple yet incredibly powerful and versatile. Many industries such as manufacturing, Fintech, entertainment, supply chain, and many more have already benefitted from blockchain-powered platforms. 

The current workflow of data during the lifespan of the clinical trial is fundamentally flawed, for the following reasons:

Data is created from multiple sources (hospitals, clinics, the study participants themselves, and so on). This data is entered into a centralized database management system, which is usually proprietary for each of these organizations. This amalgamation of data is then collated and analyzed by yet another set of specialized agencies that store it and manage it in their own preferred format. This means that the same data might be analyzed and presented to regulatory authorities in different ways and formats, creating confusion. The current data workflow hinders collaboration.

Blockchain offers a single, homogeneous, cohesive platform where all stakeholders can share and validate data through smart contracts and a consensus algorithm that ensures that all nodes (stakeholders in this setting) are in agreement before data becomes immutable.

But the potential benefits of blockchain in a clinical trial setting go far beyond data management. Blockchain can also improve efficiency in the subject enrollment process. By storing a patient’s medical record on the blockchain, sponsors can quickly access it and determine the patient’s suitability for an upcoming trial, for example. An additional benefit of this is that the participant can be issued their due compensation via blockchain, without the need for costly third-party institutions such as banks.

Conclusion

Blockchain is fast emerging as the go-to piece of technology that enables a transformative leap for many industries, opening up new ways to do business and creating revenue streams.

When applied to clinical trials, blockchain can remove the current inefficiencies found in the flow of data during the trial, streamlining data management and sharing, and ensuring data transparency and immutability.

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Axiom Secures $20 Million in Series A Funding for Blockchain Data Access Innovation

Axiom, a smart contract platform, has successfully secured $20 million in a Series A funding round, according to official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. This milestone marks a crucial step in Axiom’s mission to revolutionize the accessibility of authenticated data on blockchain networks.

At the core of Axiom’s strategy lies the innovative use of zero-knowledge cryptography. Unlike traditional consensus mechanisms that require all nodes to agree on a state of data, zero-knowledge technology enables a verification mechanism that does not reveal the data involved in the computation. This approach allows users to prove the accuracy of a statement without disclosing any underlying information, enhancing privacy and reducing costs associated with data management.

The funding will be instrumental in accelerating the development of Axiom’s first product, focusing on giving smart contract developers enhanced access to more on-chain data. The startup aims to address the challenges posed by the high costs of data in on-chain applications, which often lead to feature removal or complex contract designs to optimize data usage. By leveraging zero-knowledge proofs, Axiom intends to enable more efficient and privacy-preserving data handling, allowing on-chain applications to manage larger volumes of data at lower costs.

Axiom’s commitment to this technology was exemplified by the launch of its mainnet in 2023. This launch provided developers with unprecedented access to historical Ethereum data, enabling off-chain computations backed by zero-knowledge proofs. The application of zero-knowledge proofs extends beyond the realm of cryptocurrency, with potential uses in sectors such as banking, healthcare, energy, and voting systems.

Axiom’s successful funding round and technological advancements position the firm at the forefront of a potential industry shift towards more private and efficient blockchain data management. The implications of this technology are vast, with Axiom set to play a pivotal role in shaping the future of smart contract development and blockchain data accessibility.

UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales

The UK Ministry of Defence has entered into a significant 15-year contract with Thales, valued at £1.8 billion, aimed at enhancing the Royal Navy’s ship availability and resilience. This contract, known as the Maritime Sensor Enhancement Team (MSET) project, is designed to leverage the latest in artificial intelligence (AI) and data management technologies to predict equipment failures before they occur, thereby improving operational readiness and extending the time Royal Navy ships can spend at sea​​​​.

Thales’ commitment under this contract involves a broad scope of activities intended to transform the maintenance and availability of the Royal Navy’s fleet. This includes the introduction of the new Type 26, Type 31, and Dreadnought platforms, as well as autonomous systems, signaling a major transition for the Royal Navy towards more modern and capable maritime forces​​. The MSET project is not just about maintaining current capabilities; it’s a forward-looking initiative that promises to deliver a more stable and comprehensive level of support during this period of significant transition and beyond.

One of the key benefits of the MSET contract is the focus on enhancing equipment availability and the prediction of potential issues through the use of AI innovation and comprehensive data management strategies. This aims to shift the maintenance paradigm from reactive to proactive, ensuring that ships are ready and available for deployment with reduced turnaround times for repairs and maintenance​​.

The contract is expected to support over 450 highly skilled jobs across the UK in engineering, IT, and support roles, alongside creating numerous apprenticeship and training opportunities. This investment in the workforce is critical for sustaining and enhancing the Royal Navy’s operational capabilities while also contributing to the local economy​​.

In terms of tangible outcomes, the MSET contract is projected to deliver significant improvements over its lifespan, including an average reduction in turnaround times of 100 days per repair, a reduction in spares lead times by an average of 44 days, and an improvement in equipment reliability by 10%. Such improvements are essential for maintaining the operational effectiveness of the Royal Navy in an increasingly uncertain global security environment​​.

Thales’ partnership with the Royal Navy is set to provide a substantial boost to the UK’s maritime defense capabilities, underlining the strategic importance of integrating cutting-edge technologies such as AI and advanced data analytics into defense operations. This contract not only signifies a major investment in the future readiness of the Royal Navy but also represents a commitment to innovation and technological advancement in the defense sector​​.

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