Health Datasets as Assets: Blockchain-Based Valuation and Transaction Methods
Wendy Charles, Ph.D., Chief Scientific Officer & Brooke Delgado, Finance Director
Recently published in Blockchain for Healthcare today, this article discusses the potential of blockchain in the valuation of research data.
There is increasing recognition that health-oriented datasets could be regarded as intangible assets: distinct assets with future economic benefits but without physical properties. While health-oriented datasets—particularly health records—are ascribed monetary value on the black market, there are few established methods for assessing value for legitimate research and business purposes.
The emergence of blockchain has created new commerce opportunities for transferring assets without intermediaries. Therefore, blockchain is proposed as a medium by which research datasets could be transacted to provide future value. Blockchain methodologies also offer security, auditability, and transparency to authorized individuals for verifying transactions. The authors will share data valuation methodologies consistent with accounting principles and include discussions of black market valuation of health data. Further, this article describes blockchain-based methods of managing real-time payment/micropayment strategies.
About BurstIQ
BurstIQ fuels trust-first digital strategies with human data. LifeGraphs® take the complexity out of managing sensitive human data, freeing organizations to build trust through hyper-personalized health, work, and life digital experiences. In an era of data abundance, LifeGraphs promote trust between organizations and the individuals providing data through blockchain-powered governance and consent. The LifeGraph Network provides a single source of truth and an intelligent ecosystem, helping businesses gain a deep understanding of the people they serve. Armed with granular insights, they can deliver more value in digital experiences and make an increasingly digital world more human.
