Blockchain technology is offering inroads into transforming the healthcare ecosystem by placing the patient at the center of the system. Benefits such as increased security, privacy, and interoperability of health data are on the horizon. In this slideshare, here's what we explore: Challenges clouding healthcare operations Why is it important to secure patient data? Blockchain: Enabling interoperability Understanding supply chain integrity Compliance and regulations

1. Exploring the Possibilities of
Blockchain in
Healthcare

2. A distributed system recording and storing transaction records
A shared, immutable record of peer-to-peer transactions built from linked transaction blocks and stored in a digital
ledger
Relies on established cryptographic techniques to allow each participant in a network to interact without preexisting
trust between the parties
Decentralized: no central authority; instead, transaction records are stored and distributed across all network
participants
Interactions with the blockchain become known to all participants and require verification by the network before
information is added
A technology that enables trustless collaboration between network participants while recording an immutable audit
trail of all interactions
What is Blockchain?
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3. Data
● Security
● Privacy
● Permissions and data ownership
Provenance
● Healthcare supply chain is a highly complex and fragmented process
● Integrity, purity and shelf life of medical goods and services
● Compliance and reporting
Healthcare Challenges
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4. Patient Data
Patient data is highly sensitive and in the future current models will
be looked at as extremely intrusive
Blockchains are highly secure and the encryption and hashing
algorithms provide added layers of privacy
Blockchains will enable the collaborative exchange of vital research
and useful healthcare data - enabling clinical researchers, doctors,
pharmacists, and other healthcare providers to gain secure, faster,
simplified and reliable access to electronic medical information
Since the blockchain is Immutable and traceable, patients can easily
send records to anyone without the fear of data corruption or
tampering.
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5. Benefits of Blockchain Based Solutions
Seamless access and exchange of information with reduced
transaction costs
Overcoming the challenges of master-patient index with
cryptography to increase data integrity and safer interoperability
Availability of smart contracts that enable transactions without
the need for intermediaries and third parties
industrywide interoperability
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6. Blockchain: An Enabler of Interoperability
Currently healthcare related data is spread and siloed across
numerous companies and organizations
There isn’t any mechanism to enable the large scale and
secure sharing and multiparty computation of data
Blockchain enabled platforms will enable this kind of a secure
exchange of information
It will also offer verifiable identity and authentication of all
participants in the system
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7. Permission Based Applications
Currently when we give our data to a healthcare provider,
insurer, or pharmacy our data becomes an asset they own
and continue to keep even after we are done transacting with
them
Permissioned based systems and homomorphic encryption
will enable giving our data to third parties without revealing
what the data is and at the same time without
We can control the access parties have to our data and
revoke permissions whenever we like
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8. Healthcare Supply Chain Integrity
Pharma companies need to have an extremely secure supply
chain
Pharma drugs are consistently stolen from the supply chain to be
sold illegally
Counterfeit drugs cost companies, nearly $200 billion annually
Blockchain based track & trace solutions will enable transparency
& will help companies to follow the journey of drugs from their
point of origin to delivery, as well as eliminate the distribution and
consumption of counterfeit drugs
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9. Compliance & Regulation
Regulation in healthcare focuses both on the production
and sale of drugs as well as the creation and use of patient
data.
The complexity and international nature of of healthcare
supply chains means that regulation and rules of multiple
jurisdictions apply to pharma companies, insurers and
healthcare data providers
Companies can use Smart contracts and blockchain based
ledgers to stay in line with regulatory requirements and
Compliance across international boundaries
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10. Conclusion
It makes patient data interoperable, secure and distributed
It can put a consumer in control of their data and increase privacy
It can help organize and bring more transparency to the global healthcare supply chain - which is highly complex
It can help with compliance and reporting for medical goods and service providers
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11. Questions ?
Twitter: @ShaanRay