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BLOCKCHAIN IN HEALTHCARE

The use of blockchain has brought a rapid change in every field, be it business, commerce, digital marketing, or healthcare. Blockchain has found its numerous applications in the field of medical, clinical, and life sciences. The introduction of TCP and IP has led to an evolutionary change in the use of blockchain in healthcare. From keeping health data records to the patient's medical records, blockchain technology has found its place in the medical field.

The use of blockchain in healthcare gives the user organization the benefit of keeping the records of patients' medical data, health outcomes, and electronic medical records for a longer time in safe protocols keeping it safe and readily available at any time without any form of paperwork. Health care and record-keeping patients have been made accessible by making blockchain-based medical records.

What is Blockchain Technology in Healthcare?

A blockchain is made up of a network of computers spread across that host copies of a shared ledger of transactions representing the state of the network. Blockchain-based systems have gained popularity due to their versatility in medical, commerce, marketing, etc. Blockchain-based systems are popular these days due to their wide use in the growing healthcare industry.

Blockchain in healthcare has numerous use cases, from data protection and patient care to treatment tracking and patient reminder. While medical practitioners deal with medical issues, according to the confidential healthcare regulations, the major challenge was keeping the records such as patient information, medical records, and transactions so that they will be readily available to the patients. The application of blockchain technology through blockchain development services in healthcare has helped to resolve this issue to a large extent. Blockchain networks have made it possible with a single click. Applying blockchain technology to the healthcare field has brought an evolution to the method of storing data. In subsequent parts of this article, we shall explore the varios usecases of blockchain technology in healthcare and explain how the processes work.

Usecases of Blockchain in Healthcare

Smart Contracts are Improving Healthcare Processes and Communication

Smart contracts are used in healthcare to break down data silos, drive interoperability, and integrate messaging. Blockchain technology increases data interoperability by leveraging smart contracts with healthcare messaging and code specifications. Communication in healthcare involves many parties and often gets complicated along the way. These frictions in multiparty workflow prevent effective communication and delay results, putting patients' lives on the line. Blockchain experts are using smart contract solutions such as DAML to write workflows and business logic of healthcare systems, taking trust away from parties in the communication process and putting it on the blockchain. Putting data on the blockchain does not require removing the existing systems. Smart contracts integrate with existing systems by taking messaging specifications and making these enforceable instructions that guide how parties carry out their activities and lead to predictable outcomes.

Deep Medicine

Proponents of deep medicine in the scientific community have always emphasized on the need to know what is actually wrong instead of judging the situations by a combination of symptoms. Top cardiologists in the United States have had experiences where treatment from other physicians based on diagnosis by heart were not 100% accurate. That does not translate to inefficiency on the part of the medical practioner in any way, but there may easily be a broader picture that is impossible for the physician to see at the time it was most crucial. Interoperability of healthcare data can help physicians decide with more data points and effectively decide a lasting solution to specifica patient healthcare issues. With blockchain technology, patients can be easily identified and their data can be used to effectively diagnose and resolve medical issues before they compound into health complications. Artificial intelligence together with blockchain technology can help already bombarded physicians connect better with patients and deliver excellent and continuous care. Integrating information across multiple silos will help physicians precisely administer care tailored according to a patients internal body process and healthcare history.

Identity Management

Demographics, vital statistics, consent in clinical trials, credential linsencing, and supplier place of origin are all relevant in healthcare systems. These demographic and biostatistical information that do not change frequently can be connected to a blockchain as opposed to living on different systems. With blockchain technology, these data can be stored in one place and referenced everywhere. Having to provide the same information repeatedly is some of the problems patients face with healthcare systems. With blockchain technology, identity information can be stored and updated whenever a patient moves to a different part of the hospital or to an entirely new one. Having this record immutably stored on the blockchain can also ease access and interaction at other stages of treatment as soon as the patient grants consent to this data. Clinical trial data can also be made available on the blockchain making it easy to review history, consent, results and so on. Lincencing information is also a critical information that can live on the blockchain permanently such that data on the lincence owner, its coverage, its expiration date, the rights and privileges associated with the lincence, and so on. Medical supplies and provenance can also be tracked on the blockchain.

Blockchain Transforms Healthcare Records Management

Applying blockchain technology for keeping a record of health data has made the handling of data significantly easier. The work that was once done using papers and notebooks is now being done online and is safer and more readily available than ever. Health data required in blockchain technology involves the personal information of the patient and the healthcare professional, the dates, and the transaction detail that were made during the treatment. Moreover, it keeps a record of the patient’s health, treatment details, and the drugs that were being given.

In addition to this, the record of the medicines that are being used by the professionals during the treatment of the patient are also kept in the system, and the origin of the drug can be traced by the stored data that is available on the blockchain. What makes this blockchain technology different from the other ledger available is its ability to store a wide variety of data and its ability of decentralization, which means that it is a peer-to-peer network making the involvement of the third party unnecessary. The data kept in the blockchain includes the medical data, the details of the drugs, all the reports of the patients, and all the data of the professionals handling the case.

Blockchain Technology Improves Patient Data Management

We discussed patient identity and other statistics earlier in this article. We will move further with patient data managent in this part. Blockchain technology is famous in the healthcare industry for its data security and end-to-end encryption of the healthcare data stored in it that most organizations seek. It gives its user the benefit of securing their data, keeping it away from people,, and making it available for sudden use at any time. The medical information stored in the blockchain network is kept hidden from other connected devices and is only shared with other selective members with the permission of the user having an individual digital identity. The data that the user stores in the blockchain is kept in the form of digital data and full access is given to the user who uploaded it by issuing an immutable audit trail.

Many healthcare providers upload their data on the blockchain,, which helps them maintain the data safely and make it available for the user to share and use at other places. These days the information is being used by many health care researchers for a study basis. The data can be sold or shared with them so that they can carry out their research.

Improving Healthcare Data and Supply Chain Through Blockchain Technology

The data on the blockchain supply chains are kept safe and depend upon the patient’s private key. The patient can use it to share their data with others. The use of blockchain and sharing medical data with the individual's permission has led to a change in the field of research in health care. Some blockchain technologies allow the user to share their medical data with different researchers on the same network who will be pleased if you share your data with them. The data you’ll share will be used by the researchers for their research purposes. The lives of individuals can be improved using blockchain technology in supply chain in the following ways:

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Lesser Error in the Data Entry

Data in blockchain is entered only once and perfectly. Meanwhile, according to the existing systems of data entry, the data is entered repeatedly from paper to computer to different computer when any issue occurs. While on the other side, once the data has been entered into the ledger, it does not need to be renewed or re-entered. Blockchain development services have found the solution to the problem by introducing the long-term memory of blockchain technology. This one-time entry in the blockchain system reduces the possibility of mistakes in the data that is being entered.

Permissioned Data Sharing

Blockchains nowadays give the opportunity of data sharing to their users. The user or the patients can share their medical reports and health records on the ledger in a secured network for treatment and diagnostic purposes. Permissioned data sharing not only increases privacy but protects the rights of the patients. Researches and physicians can work confidently with the information they have to help individual patients and offer solutions to broader healthcare problems.

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Decentralized Science and Crowdfunding

The ease of data sharing provided by blockchain technology to its users can also be utilized by scientists and researchers to collaborate and raise crowdfunds. There are different financial institutions on the network that will help the scientists and researchers raise funds and utilize those funds for carrying out their research that may lead to an evolution in human health care. It becomes more convincing for healthcare investors to put their money in a cause if the research is based on data verifiable on the blockcchain.

Healthcare Administrative Cost Savings

Blockchain technology can save repetitive administrative tasks that works to impede healthcare delivery. Research data shows that there is more than $200 billion in administrative waste in the healthcare industry. Even though the global healthcare industry boast of about $10 trillion, lots of stakeholders in the industry still have their needs unmet. The proportion of the expenditure spent on physicians, for example, has not grown with the increase in healthcare cost and funding over the years. Physician suicide is fast becoming an issue today, and there is a radically diminished provider experience today because administrative inefficiency. Cybersecurity problems with healthcare data is becoming a huge concern as patient data is being compromised at a level never seen before. Protected health information is a defined term in the United States law and working to build healthcare system that protect patient data is crucial to establishing a stable healthcare system. Poor data integration is also another problem that can be prevented if healthcare systems work with a blockchain development firm to properly integrate data. The global healthcare industry already loses about $300 billion annually to poor data integration.

We Can Help You Build Blockchain Healthcare Solutions

Since data has been identified as the fuel to more efficient care blockchain is at the forefront of the future of healthcare systems. Our blockchain experts are skilled in the frameworks and dependencies required to build, deploy, and maintain private and public blockchain infrastructure. We are reputable for writing error free codes and our service spans your product life-circle because we will always be available to resolve complex issues that you may face along the way.

Conclusion

The use of blockchain in various fields has brought a revolution to the lives of human beings in every field like business, commerce marketing, etc. When we talk about blockchain, the only thing we think of is cryptocurrency and trade and commerce of goods using blockchain technology, but blockchain technology is much more than just commerce and buying and selling goods. It may have an important role in the trade and global exchange but has also found its important application in health care.

The blockchain platform is used in the healthcare field to keep the different records of the patients with private keys and professionals. The patient's records include the professional dealing with him, his medical reports, health outcomes, the drugs being used, and track of his health. Blockchain technology has enabled the user to connect to his medical history at any time in a way that is safer and does not have any visible issues.

Various blockchains are being used by different healthcare institutions to keep their records safe and easily available, as well as for their administrative processes. Some software includes Akiri, Embleema, ·MedicalChain, SimplyVital Health, Factom, BurstIQ, ProCredEx, Avaneer, RoboMed, Chronicled, Guardtime, Coral Health, Patientory, Blockpharma, Tierion, Nebula Genomics, ENCRYPGEN, and doc.ai.

The blockchain supply chain works as a central authority and also keeps the record of the transactions that are made by the network participants during the whole process of treatment of a patient with individual private keys opening it up to zero-day attacks. It keeps a record of the drugs used during the treatment of the individual. In addition, the blockchain gives the user the benefit of sharing information if they want to. There are different scientists and researchers on the network who are interested in getting medical information from random people for their research. This also helps them in doing collaborative work and in assisting them in fundraising that they will use in their specific study. The blockchain supply chain also enables different companies to work together for the betterment of health care services.

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