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Beyond the Block Applications of Blockchain in Healthcare
1. Beyond the Block: Applications of
Blockchain in Healthcare
In recent years, healthcare has seen a lot of evolution in terms of technology and
medicine. Healthcare uses various technologies like Artificial Intelligence, Electronic
health records, wearables, and many more. The technology has brought more
efficiency and accuracy in all the processes of medication. In this article, let us learn
about one of the useful and effective technologies i.e., Blockchain. Throughout this
let us discover what blockchain is, how it works, and its application in the healthcare
sector.
What is Blockchain?
Blockchain is a database technology in which all the information or records are
stored in an advanced format. It is a digital ledger that stores all the records of
transactions and the blocks are not altered or modified, each block is linked to the
next block which forms a long chain.
In healthcare, records of patients can be stored in blockchain. It maintains
accountability and healthcare data security,therecords of customers or patients
cannot be modified. Blockchain is used in pharmaceuticals for storing medicine data
and to track the order of medicines which is very helpful in management. This
network is decentralized hence the information stored can be used in the hospital
machine and also these devices can be used for estimating medicines, illnesses,
and therapies. Blockchain technology is used to manage health records and patient
care easily, it also reduces efforts of monitoring along with the efficient usage of
resources and time of both patient and healthcare person.
Applications of Blockchain
Healthcare supply chain management
Counterfeit medicines are a threat to public health and some pharmaceutical supply
chains do such malpractices. Through blockchain technology, one can trace the
order and history of each drug maintained from the process of manufacturing to the
distribution address. This transparency of blockchain can be easily used to reduce
malpractice and maintain public health.
2. Information Storage
The information storage of data needs to be secure and confidential, there will be a
lot of data generated before and after the patient observation like blood tests, illness
reports, medication, etc. All this information can also be used by healthcare
providers for future cross-verification of information with the original data stored in
blockchain.
Transparency and security of data
Blockchain maintains high safety and security of data, it enables the safe data
exchange mong medicine providers. They can analyze the diagnostic prescription,
cost-effectiveness, and the healthcare system. It can also enable the safe reach of
medicine without any malfunctioning and can even assist the patient in diagnosis. As
individual patient data is confidential if hacked then it can be used for various
purposes and causes the trait to the society.
Time and cost-effective
Implementation of blockchain reduces the data transformation time and is also cost-
effective. It solves tasks and issues faster due to its chain system and works quickly
in the authentication and verification of patient medicine data. As it is a distributed
network storage of transaction history is easy, every block in this network verifies the
record of each data stored.
Observation
A blockchain checks the access of medical devices to doctors when required.
Doctors have several works to do with the help of blockchain certain tasks like
maintaining the room temperature, availability of medicines, usage of bed, etc. IoT
technology when combined with blockchain can make an effective enhancement in a
supply chain with tracing and transparency of data.
3. Easy billing and payment process
The complex nature of healthcare is the billing process through the blockchain
system it can be made easy for both patient and provider sides. Blockchain with its
decentralized process can manage financial transactions securely and effortlessly.
The automated billing process using smart contacts and self-programmed contacts
reduces the administrative burden along with less error occurrence.
Conclusion
Blockchain through its decentralized monitoring system can make an effective and
noteworthy impact in all sectors. The usage of Blockchain technology emerges as a
fire of innovation. Especially in healthcare, its implementation can be a solution for
supply chain management, the documentation of all the records and transaction
history will provide transparency and security. Enabling this technology not only
enhances operational efficiency but, contributes to the improvement of patient
outcomes.