Use Case: Clinical Trials
The clinical trials process is incredibly slow, manual, and resource intensive. It often takes novel pharmaceuticals and medical devices a decade or more to navigate the process and gather the data needed to receive FDA approval. With COVID-19 impeding patients access to hospitals, it has been nearly impossible for medical innovators to gather the data they need and over 60% of trials have had to halt or shut down their clinical trials completely.
The FDA has begun spearheading initiatives to implement digital clinical trials platforms that utilize 'real world data' from medical IoT devices, phones, and other information sources in an effort to allow medical innovators to continue gathering the information they need in the new, remote world of healthcare. HealthNet could function as a data collection platform for therapies conducting clinical trials that ingests verified IoMT data and leverage its novel data security and provenance capabilities to provide authorized device & drug manufacturers with the real world information they need to accelerate their clinical trials and commercialize their solution, and onboard new participants securely.