Never decide to implement any technology in healthcare without knowing these use cases of blockchain!
Healthcare is the most complex and undeniable industry that is integrated with every human life in the universe. Be it a traditional herbal, Ayurveda treatment or advanced stem cell, every human takes care of his health advisories from physicians or professionals. When it comes to the modern world, trust among people is being a questionnaire. It’s better to renovate the industries with trust-free technology.
In this post, let’s discuss how far blockchain technology in healthcare can create a trust-free, decentralized ecosystem and its use cases!
Blockchain is a distributed ledger technology that records transactions in chronological order and is cryptographically secure. The entire process of recording transactions is decentralized in the blockchain network and every node has a copy of data blocks, thereby reducing the single point failure. Blockchain technology can bridge the roads for a transparent, decentralized, tamper-proof network with no third-party intervention in the process.
This is all about the basic definition of blockchain technology and let’s look at how blockchain in the healthcare industry reduces the chaos and implement legitimate processes.
Blockchain developers are exploring many implementations in particular with the health sector day-by-day. Healthcare, blockchain is rejuvenating every day with loads of technology to serve humanity in a better pace.
Here’re some of the snippets of blockchain use cases in the healthcare industry. Of course, this is just a trailer of entire blockchain implementation in the healthcare industry!
Maintaining a patient’s medical record is a hectic task and it has no connectivity or previous transaction records as of now in the traditional record management system. Many patients step ahead for second or third consultations to ensure whether the same medication is provided. There are high possibilities of human and machine errors when it comes to medical reports.
Instead, a blockchain integrated healthcare enables the decentralized network of physicians and patients that can enhance consensus mechanisms of treatment and medication. Also, patients can permit authorized people to access their medical records, thereby maintaining a high level of security on their records. When healthcare implements blockchain, maintaining a digital identity on records becomes an easy-breezy task with the integrity of sectors.
Researchers, scholars around the world have tested drugs, medications on different patients for various diseases. Recording medical learning and trial in the blockchain network can avoid repetitive experiments upon lives. Also, many of the medical errors and scams can be ruthlessly banged from the end of medical practitioners.
Once the decentralized blockchain network is enhanced in the healthcare sector, it becomes easier for scholars to view the case history of different patients with complications.
Even though as of now, barcode strips are used to track medication, fraudsters easily change the strips and medical scams happen. It’s better to track the entire product of the healthcare industry in a trust-free, transparent, decentralized network that has direct accessibility to drug inspection authoritative.
Blockchain has much more appreciable use cases in the healthcare sector. Many giant sectors have already stepped into the tech world and have kick-started to leverage blockchain features for their sector. Blockchain solutions for healthcare are numerous and its rejuvenation is non-stoppable!
Drop us a line of the best use case of blockchain in the healthcare sector in the comments page below!