Download
1 / 10
110 likes | 120 Vues
Nowadays, Blockchain Technology is having an impact on almost all sectors and the healthcare sector is also one of them. Click to know more about the impacts of Blockchain Technology on the Healthcare sector.
E N D
Blockchain Technology On The Healthcare Sector • Blockchain as a technology has grown to become one of the most influential inventions of the modern-day world. • The latest from the blockchain space is that the industry players believe the technology boosts the potential to transform the healthcare industry for a greater good. After disrupting every other industry on the planet, blockchain has moved towards the healthcare sector.
Everything you need to know about blockchain • The concept of blockchain technology is quite simple. It is a network of blocks that is constantly changing and growing, adapting to different industry needs as well as their peculiarities. • It is based on distributed ledgers that contain facts or information about the digital currency, such as the location of cryptocurrency. • In simple terms, it is a record of new transactions. For example, in conjunction with the medical sector, it can be a record of medical data such as patient vitals, medical device logs, or temperature of medicinal products during shipment.
Securing Patient Data • In the present world, keeping the patient data safe is of supreme importance. Blockchain solutions for healthcare can help work on this aspect. The primary reason why blockchain can be helpful to the healthcare industry is its lagging security. • According to reports, between 2009 and 2017, over 176 million patient data were exposed during data breaches. • Blockchain can help provide an unbreakable network that will keep patient data decentralized and transparent. Moreover, through dedicated healthcare app development using blockchain, patients can conceal their identity and protect their sensitive medical data. Thanks to the decentralized nature of blockchain, doctors, patients, and hospitals can share the same information safely and quickly.
Why blockchain’s impact on healthcare considered a big deal? • According to experts, it is a revolutionary invention that can solve numerous digital challenges like: • Eliminating the need for third-parties, including banks and other financial institutions, reducing the cost of transactions through peer-to-peer transactions. • The data is stored across the systems rather than centralized databases, which makes blockchain highly secure and hack-proof. • Healthcare app development with blockchain technology provides a great platform for innovative and new business models to grow within the healthcare sector and compete with conventional businesses.
Preventing Costly Mistakes • According to reports, miscommunication between healthcare providers and doctors costs the industry around a whopping $11 billion a year. • It is stated that the time-consuming process of gaining access to the patient’s health records drains staff resources and could delay patient care. • Incorporating blockchain into medical records can help solve this problem. The decentralized nature of blockchain helps in creating a single ecosystem of the patient data, which can be efficiently and quickly referenced by medical staff, doctors, and hospitals. As a result, it can help with the faster diagnosis of the patients and personalized care plans.
Supply Chain Management of Medicines and Drug Traceability • It is quite difficult to tell whether the medicine you use is really • un-tampered. Moreover, you cannot also tell whether it is coming from a legitimate supplier. All these concerns can hinder the performance of the medial supply chain. • Blockchain development technology can fill the void present in the pharmaceutical supply chain management. The decentralization ensures full transparency with the shipping process.
Supply Chain Management of Medicines and Drug Traceability • The dream of improving the future of human health through genomics is now turning out to be a scientific and financial reality. Two decades ago, the cost of processing a human genome was estimated to be about $1 billion. • However, in the present scenario, it is only $1000, with companies bringing DNA tests to unlock the mysteries of our past and clues to our health. Blockchain development technology can prove to be handy in this aspect as it can safely store billions of genetic data points without any hassle. Moreover, it has become a marketplace where users can store encrypted genetic information for creating a more comprehensive database. This can give scientists access to valuable data quicker than ever before.
