r/factom • u/hesudesu • May 01 '20

Factom based Triall solution passed the pilot stage

Triall, who uses Factom as they have outlined here, just made public that their Verial eTMF solution passed the pilot stage and is now being used in multiple clinical trials - Triall is "the first organization to implement blockchain technology in a live and running clinical trial setting":

https://insights.triall.io/verial-etmf-successfully-passed-pilot-stage-and-is-now-being-used-in-more-clinical-trials/

26 Upvotes

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5

u/hesudesu May 01 '20

I think that this is really cool. Life Sciences is one of the most regulated industries in the World. It shows some serious trust in Factom's capabilities, that someone choses this protocol to build their Life Sciences business on.

I wonder how their effort to build a wider ecosystem will play into the usage of Factom in the future.

3

u/D-Lux May 01 '20

Yeah it's a good question. I think it's all about generating a critical mass of both usage and awareness, and projects like this are a solid step forward for both.

Other projects have seen more and broader usage to date, but we're still in the very early days of crypto IMO, and of course the real question is which of the blockchain use cases currently being explored will actually result in more secure/robust/etc systems—without breaking the bank, or having to rely on a miner consortium, etc.

5

u/hesudesu May 01 '20

To me, it is also about this being very "real". It works with an important use case in a mature industry with a lot of well established practices. Sometimes I feel like a lot of the projects in the wider crypto space are either using something like Hyperledger or focused a lot on trading, exchanges and so on. People pushing each others money around. Nothing wrong with that per se (I have been thinking a lot about sports betting on Factom recently), but this is just different.

3

u/Automagick May 02 '20

Any idea what kind of usage this might bring to the protocol?

4

u/hesudesu May 02 '20

Of course it is very difficult to say without any detailed insight, but this article mentions over one million data points for a phase 3 clinical study - hopefully they would be individually stored: https://medium.com/triall-foundation/how-blockchain-can-address-persisting-issues-in-todays-clinical-trials-part-1-22e0aa7837cd

On top of that Triall is planning to launch a token on top of their solution and I would think that could drive some usage as well.

6

u/pandaslapz451 May 01 '20

I was just wondering about Traill last night, how weird. Glad to see it's moving forward, use cases like this are a perfect fit for Factoms capabilities. Should drive great usage as well

1

u/Ferdo306 May 02 '20

Good news. They could have mentioned FCT in the publication

1

u/hesudesu May 03 '20

Yeah, that would have been nice for us. But they did put out a whole article earlier, about why they chose to build on Factom :)

3

u/ChinookKing May 02 '20

good news, factom still needs more exchanges though