Future of Blockchain in Healthcare
Did you know? More than 6.1 million patients individual medical data have been theft since from the beginning of 2018, according to the data by Healthcareinfosecurity.
This is really shocking and scaring. Right??? We all may think that how this valuable data is being stolen or hacked by somebody else? How this problem can be solved by the healthcare industry? In this blog, we can explain to you all of this.
The blockchain solution is highly disruptive and provides a tremendous opportunity to overcome the challenges that exist in various industry sectors. While healthcare had a huge impact on adopting blockchain technology, most of the health-care already in the process of adopting blockchain to provide secure and integrated care to the patients.
This can be great news for all the people out there. Before getting into the blog, let’s have a look at the video below made by blockgeeks.
Use cases/applications of Blockchain in Healthcare
Supply chains - The pharmaceutical companies, manufacturing industries, distributors, suppliers, including every part of the healthcare supply chain could get benefited from the blockchain.
Each time when the company undergoes a transaction with another company, the complete transaction would be recorded and validated on the blockchain. This makes it simple to make transactions and allow the buyer/receiver to validate their transactions.
Drug verification - The blockchain has the ability to verify the credibility of drugs/medicines from the pharmaceutical at the time of distribution. This credibility of drugs involves the medicines expiry date, handling conditions, and several other vital conditions to enhance patient safety.
Reimbursement/ Repayment - The shared blockchain ledger creates a trusted relationship between all recipients by recording transactions and contracts publicly. This can help the payers, patients, and others to exchange data and to verify their insurance coverage without any hassle.
Control the Access - The blockchain contains the Electronic Health Records(EHR) data, whereas the smartcontracts will define and provides access rules to ERH content. This ensures that only an authorized person can access the ERH data.
How blockchain is secured?
Theft, security breaches and tampering of healthcare data is the major concern by most of the healthcare organizations because the loss of patient data may lead to severe legal implications. Thus the blockchain technology makes it difficult to tamper with healthcare data, as it requires validation from each node present in the blockchain. The blockchain framework can be built by the certified blockchain developers.
Blockchain ensures managing access of patient data that present at each and every node and makes it available for the authorized entities those who had the right to access provided by smart contracts.
The blockchain implementation replaces the multiple details of a single patient data with a single source of up-to-date information of the patient. Thus the patient is the owner of controlling and accessing data to PHI information.
The typical healthcare system involves various operations but lacking to perform recovery mechanisms like backup storage services, and in ensuring up-to-date pieces of information. To overcome such situations blockchain technology is enforced, in which the data is distributed across the network and there are no chances of single point failure. This makes the transaction volume to get reduced and therefore minimizes the burden on the healthcare industry.
We at Coinjoker - The Key Player in Blockchain Development has been experienced in offering the high-grade blockchain solutions for enterprises, startups or even bigger organization. We accomplish your goals by applying the latest distributed hyper ledger technologies, identity management solutions, and smart contract deployment.
Mobile/Whatsapp: +91 9791703519
Telegram : t.me/Coin_Joker
What is cardano blockchain? How it used for businesses?
May 18, 2019 04:05 PM
Build Your Own DAPP/DEX with Cosmos Network Blockchain
May 15, 2019 06:05 PM
Start Building Your Own ERC720/721 Token Creation
May 13, 2019 11:05 AM
Multichain Decentralized Exchange Script
May 06, 2019 06:05 PM
Cryptocurrency Trading Bot | Coinjoker
Apr 26, 2019 06:04 PM
- Tron DApp Development
- Stablecoin development
- ETO Development
- Hire Blockchain Developers
- Hire Resources
- Hire Digital Marketers
- STO Development
- Crypto Exchange Clone Script
- Decentralized Exchange Script
- Altcoin Exchange Script
- Cryptocurrency Liquidity API
- Bitcoin Exchange Platform
- Bitcoin Exchange Marketplace
- Bitcoin Market
- Bitcoin Trading
- Bitcoin Business Startup
- Bitcoin Wallet
- Bitcoin Exchange
- Bitcoin Exchange Script
- bitcoin escrow
- Bitcoin Trading Script
- cryptocurrency exchange software
- Cryptocurrency Local Trading Script
- bitcoin exchange software
- Bitcoin Trading Business Software
- bitcoin trading software
- Cryptocurrency Trading Software
- Ethereum Exchange Software
- Smart Contracts
- Cryptocurrency Tokens
- Bitcoin Exchange Solution
- Bitcoin Merchant API Solutions
- Merchant Payment Gateway API
- bitcoin trading solutions
- Digital Asset Exchange Software
- Blockchain 2.0 Solutions
- Bitcoin Wallet Service & Mobile Application
- Bitcoin Security Solution
- Ethereum Exchange Solution
- Cryptocurrency Trading Bot
- Cryptocurrency Wallet Services
- Cryptocurrency Exchange Global Payment
- Cryptocurrency Exchange Solution
- Cryptocurrency Trading Order Types
- Digital Token
- Blockchain Technology
- Local Bitcoin Script
- Bitcoin Whitelabel Software
- Cryptocurrency Exchange Script
- Bitcoin Escrow Script
- Cryptocurrency Trading Script
- Bitcoin Prediction 2017
- Cryptocurrency Wallet
- Bitcoin Trading Business
- Bitcoin Exchange Business Script
- Ethereum Exchange Script