Stem cells could cure many diseases such as leukemia and help others such as brain injury and Alzheimer's. Cerebral palsy has been successfully treated with this blood.Umbilical blood is full of these precious stem cells. Stem cell research is at the cutting edge of medicine and the possibilities for new healing modalities for diseases using stem cells are enormous.Cord blood banking is the process of obtaining and storing a newborns umbilical cord blood.