TECHNOLOGY AND DATA MANAGEMENT W


hether you know what they are or not, chances are you’ve heard of non-fungible tokens, or NFTs.


NFTs are digital tokens that represent ownership of unique items; stored and traceable in a blockchain, they cannot be  minted as NFTs are sold and traded on digital  owner at any time. From art to real estate, it seems NFTs        their medical data.


Shifting the ownership of data back to patients is a notable long-term goal, but    assertions on the influence of NFTs in  of data from the estimated 1.2bn clinical    potential solution.


The state of health data  information is collected and used now? Quite a few things, according to bioethicist Kristin Kostick-Quenet, an assistant professor in the        Right now, the health exchange marketplace   participate in decisions about who gets    


44 | Outsourcing in Clinical Trials Handbook


hospital records or genetic information is a    Kostick-Quenet adds that there is an


  platforms such as social media to build an    holds promise as a means of securing  to health information.


How do health data NFTs work?   online location. When applied to medical data,   including the terms and conditions under which the data can be obtained and used. 


    interactions with smart contracts. Those working in the NFT space will also              


Impact on the pharma industry   up information. On the flipside, since the data   


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