ROLE OF BLOCKCHAIN TECHNOLOGY IN HEALTHCARE SECTOR
Drug Traceability The blockchain technology ensures the recorded information of being sacrosanct and ultimate. The mechanism does not allow anyone to revamp and alter the information. 01
Clinical Trials With the Blockchain technology, the trial data is assigned a distinctive code that is specific to the document content. 02 It helps healthcare professional to seamlessly verify it by comparing it to the original information that was stored in the blockchain system.
Secured Patient Data Management Blockchain technology enables data sources to be tagged to a particular hash with the patient’s assigned public ID, which makes the data access to be made through Smart Contracts. 03
Health Data Management Blockchain can take care of healthcare data management issues easily. It makes the medical records accessible and identical for both the patients and doctors alike. 04
Billing Blockchain in healthcare can go miles toward improving billing auditability and security. 05 And further, promotes payment processing and billing efficiency and thwarting blatant theft.
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