Journal of Medical Internet Research (May 2024)

Efficient Use of Biological Data in the Web 3.0 Era by Applying Nonfungible Token Technology

  • Guanyi Wang,
  • Chen Chen,
  • Ziyu Jiang,
  • Gang Li,
  • Can Wu,
  • Sheng Li

DOI
https://doi.org/10.2196/46160
Journal volume & issue
Vol. 26
p. e46160

Abstract

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CryptoKitties, a trendy game on Ethereum that is an open-source public blockchain platform with a smart contract function, brought nonfungible tokens (NFTs) into the public eye in 2017. NFTs are popular because of their nonfungible properties and their unique and irreplaceable nature in the real world. The embryonic form of NFTs can be traced back to a P2P network protocol improved based on Bitcoin in 2012 that can realize decentralized digital asset transactions. NFTs have recently gained much attention and have shown an unprecedented explosive growth trend. Herein, the concept of digital asset NFTs is introduced into the medical and health field to conduct a subversive discussion on biobank operations. By converting biomedical data into NFTs, the collection and circulation of samples can be accelerated, and the transformation of resources can be promoted. In conclusion, the biobank can achieve sustainable development through “decentralization.”