Blockchain Revolution in Stem Cell Banking: Enhancing Transparency, Security, and Availability

Today, fraudulent activities in the stem cell banking sector have become more common. Individuals are vulnerable to non-transparency procedures followed by banks about the storage process which leads to fraud and exploit of patients’ stem cells to outsiders. The blockchain technology proposes a solution to these challenges by ensuring secure and transparent transactions. Smart contract enabled agent verifies the presence of data blocks on the blockchain. Thus, transparency takes places between patients and banks transactions. In addition, blockchain facilitates the digitization of the stem cell transaction process and provides convenient accessibility for users. Our push focuses on optimizing the management of stem cell supply chains. In order to achieve this, it is necessary to trace certain blocks of stem cells and keep a log of the history of these events. In addition, we are able to track the presence of stem cells in the bank, which ensures rapid distribution to patients who need them. The rapid availability of stem cells is a clear advantage for patients in need.