Blockchain is a cutting-edge technology and it has the potential to transform the healthcare industry. It solves the long-term problems in healthcare within organizations. Combining Blockchain and Healthcare will provide next-level security, privacy, and accessibility to patients’ health data.
Blockchain in Healthcare lets streamlines record management without security issues. Blockchain is a decentralized, distributed, and immutable ledger where all the transaction data are stored as separate blocks which are linked together in chain-like forms. It allows sharing of information without any necessity for intermediaries. The data stored in the blockchain are like patients’ medical records, transactions, individual patient information, or anything else.
The most important use case of blockchain in healthcare is patient information security. All healthcare information is stored in EMR(Electronic Medical Record). Once it is added to EMR, the data will be encrypted and stored in Blockchain. Another benefit of implementing blockchain in healthcare is managing supply chains. With blockchain, each process in the supply chain will be tracked such as from the beginning of manufacturing till it reaches the end user.
It also helps track the patients receiving the right medical drugs. In addition to that, it streamlines the contracts and payments in the supply chain. More than that its applications like a clinical trial, and patient monitoring, improves safety, display of information, and transparency.
Below the applications are explained.
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