In the context of blockchain technology and cryptocurrency, tokens have been established and perfected. This is a digital asset with utility or payment functions. Usually, it is a hybrid token that has both of these attributes. However, technically speaking, it is just a cryptographic code with no intrinsic value. But how does this apply to health data? How can health data be tokenized to solve some of the most pressing problems in modern healthcare?
The blockchain-based token system is destined to adjust incentives between ecosystem participants (such as health information providers and participants who want to analyze health data). It allows the latter to directly access health information providers without intermediaries.
At the same time, it enables individuals to control the use and monetization of their health data. The tokenization of health data motivates individuals to make their data shareable, thus solving the fundamental problem of modern medical care.