Gretol Research is helping healthcare companies create HIPAA-compliant workflows, with a multi-party application framework featuring built-in safeguards to protect your data integrity and privacy.
Talk to expertsIncrease in ROI
Reduced processes
Reliability rate
Tamper-proof & secure
The Gretol platform provides an easy-to-use solution for building HIPAA-compliant workflows, based on a multi-party framework. We do this by providing a secure, data-centric, end-to-end privacy-enabled distributed ledger to manage the entire business lifecycle.
Gretol eliminates the need for reconciliation, creating the ability to create an auditable trail and establish drug provenance across the entire supply chain. Enable automated, mutualized workflows, real-time access to clean data and advanced reporting. Gretol Network streamlines and simplifies processes across the chain of custody for all market participants.
With Gretol distributed ledger technology, the entire supply chain can be managed with one piece of software that is shared between authorized stakeholders. In addition to drug manufacturers and their suppliers, payers, providers, pharmacies, and patients can access the data and see when it is updated in near real time.
Our platform provides automated workflows and a single source of truth to prevent diversion, counterfeiting and tampering, because drug products can be tracked from the time they are produced until the time they reach patients. Any attempts to change records will be visible to all parties immediately.
A distributed ledger is a distributed, cryptographically-secure database structure that allows network participants to establish a trusted and immutable record of transactional data without the need for intermediaries. A distributed ledger can execute a variety of functions beyond transaction settlement, such as smart contracts. Smart contracts are digital agreements that are embedded in code and that can have limitless formats and conditions. Distributed ledgers have proven themselves as superior solutions for securely coordinating data, but they are capable of much more, including tokenization, incentive design, attack-resistance, and reducing counterparty risk. The very first distributed ledger was the Bitcoin distributed ledger, which itself was a culmination of over a century of advancements in cryptography and database technology.
Historically, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rests with a single point of failure. The decentralized architecture of distributed ledger databases emerged as a solution for many of the weaknesses of centralized database architecture. A distributed ledger network consists of a large number of distributed nodes––voluntary participants who must reach consensus and maintain a single transactional record together.
When a digital transaction occurs in a distributed ledger network, it is grouped together in a cryptographically-secure “block” with other transactions that have occurred in the same time frame. The block is then broadcast to the network. A distributed ledger network is comprised of nodes or participants who validate and relay transaction information.
Distributed ledger technology has a wide variety of benefits, for both global enterprises and local communities. The most commonly cited benefits of a distributed ledger are trusted data coordination, attack-resistance, shared IT infrastructure, tokenization, and built-in incentivization.