The Blockchain technology used in medical research can improve the credibility of science by creating a consistent record of research results. The Blockchain technology, invented by Satoshi Nakamoto in 2008, ensures that transactions entered into a book cannot be changed over time. Applied to Bitcoin cryptocurrency (BTC), the result is a monetary system that cannot be manipulated by a centralized government, since it creates a permanent and accurate record of all transactions. The strength of the system comes from using a distributed database compared to current monetary systems that require a centralized database, for example, used by credit card companies and banks. The application of the same technology to medical research increases the credibility of the results, since Bitcoin transactions (scientific data collected) are constantly archived in an unchanged, unchanged way.
Money exchanges, like medical research, require a high level of trust. Money in the past has generated this trust through government regulations and central bank supervision. Medical research in the past tried to create a high level of trust through peer review conducted by reputable medical journals such as the New England Journal of Medicine. Both trust building methods rely on a trusted central authority, be it a government or a medical journal. Thus, both methods are highly susceptible to fraud through corruption or innocent mistakes of a centralized authority. This has led to widespread distrust of medical research. Bitcoin works in different ways, because it establishes a method of using a distributed network based on a mathematical algorithm, rather than a centralized authority, subject to human error.
Financial transactions require either the highest level of trust. People need to be aware that all transactions recorded in the book are absolutely accurate and completely resistant to change in the future. Since the blockchain technology implemented in Bitcoin has earned this trust, Bitcoin has become a widely used store with a market capitalization of more than $ 100 billion. When other cryptographic transitions are taken into account, overall trust in blockchain-based financial systems exceeds $ 250 billion. Similarly, health care professionals must be confident that the data obtained from medical research is completely accurate and completely unchanged. Physicians should be aware that medical examinations are not plagiarism or fraud in any way. Blockchain technology has made Bitcoin a reliable global global currency. Similarly, block-based medical research will significantly increase the credibility of the results and, as a result, improve medical care.
