How RWA, RWE and RWD are shaping Healthcare 6.0 and the Tokenized Healthcare Economy
The RW Family in Healthcare & Crypto - An Interview with HUMB’s Director of Tokenization
Healthcare is undergoing a profound digital shift as decentralized technologies redefine how information, evidence and value flow across the ecosystem. At the center of this transformation is a set of interconnected components known as the Real-World (RW) Family - Real World Data (RWD), Real World Evidence (RWE) and Real World Assets (RWA). Together, they are reshaping how healthcare organizations generate insights, build trust and unlock new value pathways.
HUMB Exchange operates directly at this intersection. To get more clarity on these critical themes, we conducted an internal interview with Vishwajeet Jathar one of the co-founders for HUMB Exchange and also Director of Tokenization. The discussion outlines the role of the RW Family, the gaps we see in the current healthcare landscape and how HUMB is building the foundational infrastructure that will enable real-world healthcare value to move securely on-chain.
Below is the full Q&A.
Q: We keep hearing the terms RWA, RWE and RWD in healthcare and blockchain. What exactly does the “RW Family” mean?
A: The “RW Family” refers to Real World Data (RWD), Real World Evidence (RWE) and Real World Assets (RWA). These represent three interconnected layers that explain how real-world healthcare information and value can be securely integrated into blockchain ecosystems.
RWD refers to all the raw health data generated during everyday care; whether through clinical systems, wearables, diagnostics or claims.
RWE is the clinical insight generated after analyzing this data. It informs decisions, treatment effectiveness and real-world outcomes.
RWA represents tokenized real-world value such as tokenized datasets, evidence-backed assets or even digital rights to healthcare IP.
Together, these layers form the foundation of a tokenized healthcare economy, where data, evidence and value flow seamlessly across stakeholders through transparent and compliant systems.
Q: Based on your experience, what major gaps does the RW framework help address?
A: There are several persistent challenges that the healthcare industry has been facing for years. Even now statistics show that these challenges still persist:
Weak Interoperability: More than 70% of hospitals still struggle to share complete patient information.
Siloed and Locked Data: Nearly 47% of healthcare data globally goes underutilized.
Trust deficit: Privacy concerns restrict data sharing, slowing research and innovation.
No value attribution: The individuals and institutions generating real-world data rarely benefit from its downstream value.
The RW framework transforms raw data into evidence and then into tokenized assets. This creates transparent and equitable value flows which is the core principle of the emerging tokenized healthcare economy.
Q: How does blockchain and tokenization add value to this ecosystem?
A: Blockchain gives healthcare what it never had: a trusted, tamper-proof and transparent infrastructure. I do understand that the healthcare industry is quite skeptical around blockchain and tokenization. Frankly, it is time that the healthcare industry shuns this skepticism and embraces these emerging technologies in a big way becuase tokenization does three things exceptionally well:
Visible Proof of ownership, ensuring data contributors retain control.
Creates Immutable evidence, ensuring research outcomes cannot be manipulated and
Digital asset creation, turning validated insights into tokenized healthcare assets.
This will shift healthcare from a fragmented data environment to a value-driven digital economy where information becomes a verifiable asset class.
Q: How does HUMB Exchange bring all of these elements together?
A: The whole idea around HUMB Exchange has been to solve the challenges faced by the healthcare industry. We have taken the path of building a digital asset exchange as we believe that crypto and healthcare tokens have the capability to address these challenges. As we move forward we see HUMB Exchange functioning as the central bridge connecting healthcare stakeholders and the digital asset ecosystem:
By helping healthcare institutions tokenize real-world data using secure and compliant standards (HL7 FHIR, HIPAA, GDPR).
Supporting researchers in generating verifiable RWE on-chain.
Listing and trading of healthcare-focused RWAs so that real-world value can circulate in a regulated environment.
In short, I see this as a continuous loop where RWD (raw data) → becomes RWE (validated insight) → becomes RWA (tokenized asset) → enters HUMB Marketplace (circulation & liquidity) → fuels Reinvestment (innovation, incentives and better health outcomes) creating a self-sustaining, incentive-driven healthcare economy.
This is the operating model behind Healthcare 6.0 and the tokenized healthcare economy HUMB is building.
Q: What exactly is Healthcare 6.0 and how does it connect to a tokenized healthcare economy?
A: Great and important question. Healthcare 6.0 is a metaphorical term coined by HUMB Exchange. It represents the next phase of evolution in digital healthcare driven by blockchain, tokenization, incentivization and value. It aims to solve the long standing challenges faced by healthcare around interoperability, data sharing, building trust and patient empowerment.
In simple terms It means:
Patients now own and control their data.
Providers and researchers get incentivized to share anonymized datasets.
Evidence is transparent, auditable and instantly verifiable.
Tokenization creates new value pools that reward every contributor.
It’s a shift from reactive care to a proactive, data-driven, value-based model.
This naturally leads to a tokenized healthcare economy, where:
Data becomes a digital asset
Evidence becomes trust
Participation becomes rewarded
Healthcare value becomes tradeable and transparent
For enabling Healthcare 6.0, HUMB Exchange supplies the digital infrastructure, while the tokenized healthcare economy creates the financial and incentive layer that powers it.
Q: Healthcare is heavily regulated. How do you ensure that tokenization stays compliant and secure?
A: An extremely relevant and important question. At HUMB we take a ‘compliance-first’ approach which is based on three pillars:
Privacy by Design: Data is tokenized without exposing personal identifiers.
Permissioned Access: Owners maintain complete control over who accesses their data.
Regulatory Alignment: We work closely with legal and compliance partners to align with global health data and financial regulations.
Healthcare tokenization must strengthen trust not compromise it.
Q: What does this transformation mean for the crypto and healthcare communities?
A: This transformation is extremely important for both the crypto and healthcare community as it opens up new opportunities and avenues for both.
For the crypto community, it introduces a new category of tokens backed by real-world healthcare value. These assets provide stability, transparency and measurable societal impact.
For the healthcare community, it unlocks new revenue streams, improves research collaboration and distributes value to data contributors for the first time.
Together, they form the groundwork of a healthy, sustainable and equitable digital economy.
Q: Finally, how do you see HUMB Exchange evolving as this ecosystem matures?
A: Our long-term goal is to become a trusted exchange for healthcare tokenization globally.
As the RW family matures, we expect to see:
Global marketplaces for tokenized research datasets
Incentive models for patient participation and data contribution
Widespread adoption of healthcare RWAs
Cross-border collaborations between decentralized finance and digital health solutions
We’re building the infrastructure that makes this possible - a compliant, transparent and efficient marketplace where real-world healthcare meets real-world value.
Closing Remark
“The convergence of RWD, RWE and RWA represents the foundation of Healthcare 6.0. At HUMB, our goal is to make that convergence accessible, compliant and beneficial for everyone - from patients and providers to innovators and investors.”
The framework connecting RWD to RWE to RWA makes intuitive sense, but the 47% underutilized data statistic really highlights the problem. Hospitals struggling with interoperability for decades wont suddenly embrace blockchain without significant incentive shifts. The tokenization piece is clever though, giving data contributors actual ownership and value attribution could genuinly change participation dynamics if executed well.