This document discusses the potential applications of blockchain technology in the healthcare industry. It begins with an overview of blockchain and how it can reduce costs by cutting out intermediaries. It then outlines several potential uses of blockchain in healthcare, such as supply chain management, medical records, and verifying drug ingredients. The benefits are listed as decentralization, lower costs, improved access and security. Challenges include issues around data ownership, storage capabilities and compliance with regulations. In conclusion, while blockchain is still emerging, it may help lower administrative costs and bring more transparency to the healthcare system.

1. BLOCKCHAIN IN
THE HEALTH
INDUSTRY
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2. Contents:
● Abstract
● What is Healthcare?
● What is Block chain?
● Applications of Block
chain
● Block chain in
Healthcare
● Benefits of Block chain
in Healthcare
● Drawbacks of Block
chain in Healthcare
● Challenges for Block
chain in Healthcare
● 8 block chain
healthcare startups
● Conclusion
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3. Abstract
Block chain technology has the power to transform various
industries including healthcare. It reduce the friction and
costs of current intermediaries presenting network.
Decentralized and programmable nature of block chain
applications can be used for the betterment of public and
private healthcare system. It has the ability to transform
healthcare, placing the patient at the center of the healthcare
ecosystem and increasing the security, privacy, and
interoperability of information related to health.
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4. What is Healthcare?
Healthcare is the maintenance or improvement of health via the
prevention, diagnosis, treatment, recovery, or cure of disease,
illness, injury, and other physical and mental impairments in
people. Health care is delivered by health professionals and
allied health fields. Physicians and physician associates are a
part of these health professionals. Dentistry, pharmacy,
midwifery, nursing, medicine, optometry, audiology, psychology,
occupational therapy, physical therapy, athletic training and
other health professions are all part of health care. It includes
work done in providing primary care, secondary care, and
tertiary care, as well as in public health.
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Path to a Healthy Heart

5. What is Block chain?
Block chain was developed in 2008 by Satoshi Nakamoto,
“unknown,” or rather a pseudonymous person and was
used as a core component of the digital currency, ‘bit
coin.’ A block chain is a distributed, public ledger,
recording transaction and tracking assets, and of which
immutability is guaranteed by a peer-to-peer network of
computers, not by any centralized authority. Assets can
be tangible, such as homes or cash, or they can be
intangible, such as patents or copyrights. A block chain
consists of ordered records arranged in a block structure.
Each data block contains a hash, time stamped batches of
recent transactions, and a hash of the previous block .
With this design, each block is connected in chronological
order and the connected blocks are called a block chain.
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6. Applications of Block
Chain10/13/2020 BLOCKCHAIN 6

7. Smart
Contracts
Digital
Currency
Record
Keeping
Securities
BLOC
KCHAI
N
Escrow Wagers
Equity
Crowdfunding
Voting
Healthcare
Crowdfunding
Equity
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8. Application of block chain technology in healthcare
• Supply chain management
• Check drug ingredients
• Block chain offers
traceability of counterfeit
drugs
• Integrity of medical
records
• Treatment regimen
• Single patient identification
• Settlement of claims
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9. • Decentralized
• Single Data Source
• 24*7 monitoring &
access of data
• Cost effectiveness
• Consistent rules
through smart contract
Benefits of Block chain in
Healthcare
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10. Drawbacks of Block chain in
Healthcare
• Waste of Resources
• Higher cost for less value
• Difficulty to keep up with the size of
the block
• Speculative Market
• Immutable Smart Contracts
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11. 8 block chain health care
startups to know
1. Guardtime partnered with Estonian
eHealth Foundation
2. Gem
3. Australian startup Brontech
4. MedRec
5. Block chain Health Co.
6. Pokitdok
7. HealthCombix
8. PointNurse
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12. Challenges for Block chain in
Healthcare
• Data Ownership
• Cost
• Rules and Regulations
• Storage Capability
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13. Conclusion
The cost of healthcare service across the world are
on the rise, and administrative expenses are the
largest contributor. Block chain can be one of those
technologies which can bring about a change in
these old habits and make way for faster, safer and
cheaper healthcare.
Block chain is still in the first phase of discovery, and
still needs to go through the disillusionment when
we can finally start using it practically in health care
industry. Many companies have already started
sprouting with healthcare solutions using
blockchains. It is only with combined help of both
the industry and the academia can we truly bring
out the potential of block chains.
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14. Thank you
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