Blockchain startup Qila.io ties up with Mascot Spincontrol in clinical research space

Bengaluru, 10 May: Blockchain startup, Qila.io has partnered with global clinical research centre Mascot Spincontrol for bringing transparency in clinical research through blockchain, the company said in a press release.

According to the company, this collaboration will ensure that clinical trial data is secure, transparent and tamper-proof so that integrity of research outcomes is maintained.

With rising regulatory scrutiny over privacy issues, this partnership will enhance transparency in clinical research, fortify data security, and instil greater confidence among stakeholders.

“The synergies between Mascot Spincontrol and Qila.io are significant. Mascot brings extensive expertise in conducting clinical research, understanding the intricacies of regulatory compliance, and maintaining the highest standards of data integrity. On the other hand, Qila.io offers innovative blockchain technology solutions, particularly in tokenization, which ensures the security and transparency of data. By combining Mascot's clinical research capabilities with Qila's blockchain expertise, we create a powerful synergy that addresses critical industry challenges and drives innovation in healthcare research,” Sid Ugrankar, Founder, Qila said in the release.

As part of this collaboration, Mascot Spincontrol and Qila.io will conduct several joint projects in the coming months. These include implementing blockchain tokenization solutions for clinical research data sharing, pilot programmes to demonstrate the effectiveness of blockchain technology in improving data integrity and transparency.

“Blockchain deployment will improve the transparency and integrity of clinical trial results. The clinical data results would be irreversible and hence would build great faith in brands’ promise. We are proud to be one of the first companies in our industry to embrace this technology” said Dr Mohit Lalvani, MD and Founder of Mascot Spincontrol.

Mumbai-based Mascot Spincontrol has worked with brands such as Loreal Paris, Himalaya, Hindustan Unilever, Mamaearth, Dabur, 82°E, St. Botanica, firstcry, Joy, Emami, Sugar, purple, Nykaa.com, Glenmark, Sun Pharma, Marico, Plum, WOW, Dot and Key, and The Man company among others.