20.9.2019 01:06 GMT+2
Category: CRYPTO BUSINESS

Implementations of the Blockchain Technology in the Healthcare Industry

Many healthcare companies are currently working on implementing blockchain technology to improve healthcare for professionals and patients.

Here are some of the characteristics of the blockchain technology that can help the healthcare industry:

-A distributed network - Blockchain technology would eliminate the need for a central administrator, and the healthcare industry needs quick access to the data of a patient while keeping the information secure and confidential

-Step-by-step recording - you can add new information, but you can not delete old one

-Global Access - the doctor can quickly find out blood group, diseases, allergies, etc. so there is no need to repeat tests. This will increase the speed of the treatment

-Standardization - Blockchain electronic health records will make it possible to move to a single international standard and protocols

Implementations of the Blockchain Technology in the Healthcare Industry:

-Making Health Records More Accessible - currently, you have to physically carry your medical data from one doctor to another. Patient records like diseases, laboratory results, and treatments could be stored using Blockchain

-Improving Medical Record-Keeping - the database is not stored in one place, but on thousands of computers. Hackers cannot destroy or replace data

-Supply Chain Management - full transparency in the shipping process

-Cutting Costs - (data breach-related costs, IT costs, operations costs, support function and personnel costs, counterfeit-related frauds and insurance frauds)

-Stop Counterfeit Drugs - every transaction between the manufacturer and the distributor would be recorded in a chain. The system will allow you to check the drugs for authenticity, and see the whole history of the movement.

-Research and Clinical Trials on Drugs - creating a single global database to put all data in one place

-Prevention of Insurance Frauds - patients must enter their data to be verified and stored, and health insurance companies must have access to that data

-Manage the Outbreak of Diseases - by watching the trail of outbreaks, scientists can find the origin of a disease and patterns to help suppress it

-Faster Consent Management - Patients often waste time filling out forms. When a patient visits the doctor; the blockchain ledger can be updated

-Selling Medical Data on a Blockchain Marketplace - researchers are always looking for medical data for their activities

Other Implementations:

-Tracking Medical Credentials for Physicians

-Improving the Security and Control of Transactions

-Making Patient-Doctor Interactions easier

-Evolving Clinical Trials

-Drug Supply Management,

-Faster Diagnoses and Care Plans

-Bookkeeping and Financial Reporting

-Finding the Right People for Medical Trials

-Implementation of Smart Contracts in Healthcare etc.

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Nevena Bjelic
Nevena Bjelic
Serbia