EU: Blockchain is the right solution to achieve security and transparency in the healthcare sector and in the medicine supply chain

12.Oct.2018 | Press release

The message launched by Members of the European Parliament and the European Commission at the presentation of the book “Crypto-Revelation” by Andrea and Massimo Tortorella in Brussels
Eva Kaili, MEP and author of the Blockchain resolution recently adopted by the EU Parliament: “It is a fundamental technology that we need to develop fast. We are working on its regulation and funding the best pilot projects in the sector with 340 million euros”

BRUSSELS – A certified medicine supply chain, safe and accessible medical records (but only by authorised people), patients’ compliance to treatments and almost impossible insurance frauds. These are only some of the benefits that the Blockchain (the technology based on encrypted blocks at the heart of cryptocurrencies) is able to ensure, globally, to the healthcare sector. Elements emerged at the presentation of the book “Crypto-Revelation. Why there is no turning back from Blockchain and digital currencies” (published by Paesi Edizioni and written by Andrea and Massimo Tortorella), that took place in Brussels at the EU Parliament, an institution long committed to find legal solutions, and more, to face and manage a digital revolution that is having a huge impact in the economic and financial sector.
The European Union at the moment is at the forefront of the regulation in the sector, and I am really happy about it. Moreover we have allocated 340 million euros for pilot projects on the application of the Blockchain. We know we need legal certainty to let this technology develop“, MEP Eva Kaili, author of the Blockchain resolution recently adopted by the EU Parliament, said during the presentation of the book. Andreas Schwab, member of the Committee on the Internal Market and Consumer Protection, among the speakers at the event, agreed with her: “Europe has waited too long, now we need to speed up to lead the world“.
The debate was moderated by the Bloomberg journalist Lyubov Pronina. Authoritative speakers contributed to the event, in addition to the ones already mentioned: Fulvio Martusciello (MEP – Shadow-rapporteur of the EP Report on Virtual Currencies) and Carl Buhr (Deputy-Head of Cabinet of the Commissioner for the Digital Economy). During the event it emerged that the need for a common regulation, in order to clarify the framework for the application of the Blockchain technology in all its forms (especially in the particularly critical healthcare sector) is now clear to all, also at the EU level.
As already said, however, it is the healthcare sector that will face the most important revolution: as pointed out by Forbes (the most authoritative economic magazine in the world), the Blockchain will allow a huge “reduction of drug frauds and thefts” thanks to a more efficient monitoring of drug transportation; improved “data exchanges in clinical trials”; an important “reduction of insurance frauds” and “unchangeable and traceable clinical records“. What is still lacking, however, is a common regulation all over the European Union.
Our groupMassimo Tortorella, president of Consulcesi Groupwas born within the healthcare sector and has always used the most advanced information systems. We were moreover among the first who understood and made the most of the Blockchain potentials, because we think that the real challenge, today, for businessmen from all over the world is being be able to manage innovation, without fear or hesitation, seizing its advantages for the benefit of all. New technologies – Tortorella concludes –, especially those that have a disruptive impact on the current state of things, such as Bitcoins and above all their ‘engine’, the Blockchain, force the legislator to answer the question: is a regulation necessary or not?”.
These were some of the topics at the center of a meeting at the EU Parliament between Massimo Tortorella, president of Consulcesi Group, and Antonio Tajani, president of the European Parliament.