The role of blockchain in optimizing healthcare processes

Blockchain technology , which is largely based on Bitcoin, is rapidly entering the healthcare industry and could help reduce widespread fraud in the field. According to research, 16 percent of healthcare system executives are planning to implement blockchain solutions. The technology could act as a shared database for storing and accessing medical information, allowing doctors to easily access patient information .

Blockchain can record a person’s health records from birth to the end of their life. This information includes allergies, blood type, and even genetic information, which can help doctors make better decisions in emergencies. This system could be revolutionary, especially in developing countries that lack access to digital databases. Given the high costs of data breaches, implementing a blockchain system in the healthcare industry seems highly necessary.

One of the applications of blockchain is in patient records. Using a global blockchain-based network, all patient medical records can be stored centrally and securely. This allows doctors to easily access accurate and up-to-date patient information and prevent potential errors. Currently, many countries still use paper-based systems, which need to be changed and updated.

Blockchain can also help combat pharmaceutical fraud. Counterfeit drugs cause significant losses to the healthcare industry every year. Using blockchain technology, patients can be assured of the authenticity of their medications and easily check information on manufacturing dates and other details of their medications. Platforms like MediLedger are already working in this area, providing services to pharmaceutical companies by complying with legal requirements and tracking information.

Data security is another benefit of blockchain. In current systems, information can be easily accessed by unauthorized individuals, which leads to problems in trust and security. Blockchain, by using cryptographic algorithms and digital signatures, can effectively alleviate these concerns and ensure the security of patient information.

Blockchain can also help improve the structure of health insurance. Currently, medical information is exchanged in a fragmented and inefficient manner between medical providers and insurance companies. Using blockchain, patient records can be stored in encrypted form and easily shared among healthcare professionals . This will help reduce costs and optimize treatment processes.

Ultimately, blockchain technology can serve as a comprehensive solution to improve the healthcare system. By creating a secure and reliable database, this technology can help doctors and patients share necessary information easily and securely. This will not only help improve the quality of healthcare services, but can also significantly reduce the costs of the healthcare system.

 

Source :Forbes

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