Today, the IEEE announced the launch of its
initiative to use technologies including blockchain for clinical trials. The global organization aims to increase efficiency and enable remote research, reducing site costs and providing better patient experiences.
The IEEE and its Standards Association (IEEE SA) named the project ‘Technology and Data Harmonization for Enabling Remote Clinical Trials’. The first stage will be testing out technologies such as Internet of Things (IoT), virtual reality, and artificial intelligence along with blockchain.
The chair of the project, Tory Cenaj, said: “The estimated $44.2 billion global clinical trials market is facing a number of challenges related to patient recruitment and retention, rising costs to meet regulatory policies, data governance, and more.”
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