Tokenizing blood donation may increase the efficiency of supply chain and also create a way to trace blood from the donor to the hospital. In this article we are going to talk about blockchain and blood donation.
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The blood supply chain requires tracking blood donations from vein-to-vein in real-time. So, it made the blood supply chain really complex. The blockchain technology could help take the complexity out of the procedure.
The American Red Cross estimates that every two seconds someone in the United States needs blood. The demand for blood increased since COVID-19 and the network feels urge in order to have an immune and transparent network for data transfer.
Recently, the digital and innovation leader of Ernst & Young Canada, Warren Tomlin had an interview with Cointelegraph. He said that his organization is collaborating with Canadian Blood Service in order to develop a blockchain network for Blood records. Meanwhile, the current blood donation network is incredibly complex and people cannot trace their donation. He added that receivers also don’t have to access to any data about the donation.
Tomlin explained that the process of taking blood from donor until sending it to hospitals generates numerous data. These data include: “the donor information, the lab worker details, temperature and equipment data”. The procedure could be even more complex when the it splits into sub-products. In fact, it requires to make sure that shortage, waste and inefficiencies don’t occur.
Blockchain and blood donation; tokenization Can Help to simplify the procedure
The first thing required to use blockchain in blood donation industry is tokenization.
Tomlin explained that they would use Ethereum blockchain for this purpose. Each time a person gives blood, a barcode is placed on the unit of sample. In each stage the related staff scan the barcode and then all the related data record on the blockchain network. If every unit of blood be tokenized, It would be easy to track it at every stage of its journey.
One of the challenges this project is facing with is that tokenization is not a familiar concept for healthcare industry.
Brody explained that tokenization may have a significant impact on blood donation industry. In fact, it could make the process simpler and trace the procedure easier. For instance, when the samples processed, it may combine with other products. Tokenization will help to keep the track the origin of the sample. As a result, tokenization has significant benefits, especially in the situations such as COVID-19.
Furthermore, by using the proof-of-concept we can make sure that hospitals will not face blood shortages. Because, it makes the inventory process transparent.
Tomlin hopes that EY Canada could have a successful collaboration with major blood operators in order to apply artificial intelligence to the inventory of blood.