How Data Can Help Decentralize Health, Empower PatientsBy Miriam Bello | Tue, 05/10/2022 - 08:54
Q: How is Bobbinet and its use of Web 3.0 decentralizing health in Mexico and Latin America?
A: We want to spread knowledge on how patients can and should have full control of their data. Tech allows us to decentralize data and provide transparency on how it is being used. A switch to Web 3.0 would give patients an increased role in the collection, distribution and storage of their own data. Through Bobbinet, patients can anonymously load their data records and safely store them for when they need them or to share them. This allows patients to become healthcare stakeholders. As patients see the power of their data, they will be willing to share it more. Bobbinet’s goal is to empower the patient so they are responsible for their health information and can share it without influence from other actors.
Health in Mexico should become more digitalized to become more accessible, available and less centralized. It will also allow access through the internet.
Q: How are you entering Mexico and Latin America?
A: We are looking to partner with other medtech providers to digitize their patients’ data or to strengthen their data collection process, such as with electronic clinical record (ECR) providers. Our product offers transparency, efficiency and the possibility to improve health outcomes as a result of data analysis. Bobbinet in Mexico also allows providers to digitize the data they are already collecting.
We are approaching providers for both the public and private sectors to collect their data and to offer them the data we have collected to improve their operations. We want data to become an incentive. For example, patients who provide their data can receive benefits such as subsidized access to healthcare.
Q: At Mexico Health Summit, you talked about the advantages of NFTs to sell data. Why do you think this is the go-to option for a patient’s health data?
A: The younger population is naturally interested in tech and used to sharing their information online or digitizing it. Non-fungible tokens, or NFTs, are another way to own and protect data because of the way their blockchains are encrypted. NFTs secure digital assets using validation and smart encryption, giving anyone on the internet the ability to trade and acquire assets smoothly. Under this proposed model, patients could earn money by providing it to third parties with a clear understanding of who owns and who uses the data.
Q: What needs to be in place before the industry and patients are ready to dabble into a digital universe such as the metaverse?
A: The metaverse is still in the works. Supposedly, it will operate on a safe, digital platform that will integrate data into a bigger system. For health, this might provide an integrated health environment with portable data connected through the same network, secured and encrypted to prevent a cyberattack.
Q: How can Bobbinet help to speed up the digitization of the Mexican health industry?
A: We want to start by integrating our service into Mexico's existing infrastructure. Digitalization in Mexico requires partnerships to be interconnected to build a stronger, protected ecosystem.
We hope to see in Mexico the general will to create a united digital ecosystem because as far as private providers go, we are open to create it. However, regulations and political will are also necessary. Colombia is an example of political will and frameworks for digital health boosting innovation and investment. For Colombians, this means a safe, rapid digitalization that will, most likely, improve health outcomes.
Before entering any new market, we want to partner with local experts to understand the nation’s framework and be compliant with regulations. We can then build the necessary requirements to operate and generate trust for our clients and other companies.
Bobbinet is a dynamic Web 3.0 company that aims to make healthcare publicly available, anonymous and decentralized.