In a short period of time, blockchain technology has taken the medical world by a storm. Healthcare has always been a very centralized industry holding enormous amounts of patient data (medical history, billing information, insurance data, etc.), bringing prominent issues such as identity thefts, financial data breaches, spamming, and data misuse to the forefront. This, coupled with the fact that patients had little control over their own data, increased the need and urgency for secure, accessible, and verifiable data.
The emergence of blockchain has effectively fixed this gap, acting as a security blanket for all health-data and limiting financial breaches. A part from data security, blockchain is also addressing several supply-chain impediments within the healthcare industry via fraud detection capabilities and counterfeit product identification.
Blockchain is being implemented in the healthcare industry in the following areas:
Blockchain is being implemented in the healthcare industry in the following areas:
- Medical Data Management
- Medical Claims, billings and insurance claims
- Medical research
- Data security
- Reduced operational (IT, support function, etc.) costs
- Pharma supply chain security
- Identification of counterfeit products
- Data based mHealth apps
No comments:
Post a Comment