Blockchain : A revolutionary technology in healthcare

Blockchain is a technology that stores information electronically in a digital format as a database. This technology can be revolutionary for healthcare sector worldwide. Let's learn more about blockchain.

Blockchain is an advanced database mechanism that is used to record, preserve and exchange patient data across hospitals, diagnostic laboratories, pharmacies and physicians. Data is stored securely, so that the record cannot be altered.  

A blockchain database stores data in blocks that are linked together in a chain. In short, blockchain can improve digital health by making it simpler to share data securely, with a patient agreement, across incredibly dispersed healthcare system

Benefits of Blockchain in healthcare:

Decentralized system - Blockchain is decentralized structure that removes the need for a centrally controlling authority and instead distributes power across all participants within the blockchain ecosystem.

Transparency and control - Blockchain is a system that gives you transparency of activities on application, and control over how their data is used.

Security - The Blockchain provides the facility of unalterable records with end-to-end encryption, which shuts out fraud and unauthorized activity. It ensures the safety and privacy of data and prevents it from getting stolen or misused.

Visibility and traceability - Blockchain has the ability to trace the origin of a variety of items like medicines or any product or equipments to confirm they are legitimate.

Cost efficient - Blockchain system can reduce cost for organizations. Mainly, it reduces cost by eliminating middlemen, vendors and third party providers.

Speed - By eliminating intermediaries and replacing manual processes, the work can be done comparatively faster. Transactions can also make in seconds.

Features of Blockchain:

Registry and Tracking - Recording medical data of patients in a transparent way and tracking it with the consent becomes easier.

Identity - It manages the identities of people registered in it (doctors, patients, pharmacies, laboratories and researchers) and permissions for authentication. It also has ability to verify identity without divulging sensitive information.

Accessibility - Healthcare providers can access patient's records for their medical history to provide appropriate treatment.

Settlements - Settlement of income through tracking the flow of goods/revenues or the utilization of services/assets.

Transactions - Payments can be done in real-time, without any delays or fear of frauds.

Blockchain is a powerful technology that enables supply chain transparency, patient centric electronic health records, staff verification and Insurance facility. This will help healthcare sector grow smooth, fast and efficiently.

Tags : #editorspick #blockchain #technology #healthcare #bolckchaininhealthcare #smitakumar #medicircle

About the Author

Mansi Kamble

I like listening to music, love reading and writing is my passion. Healthcare has always been a curious topic for me. I even watched some medical dramas like Chicago Med & Grey's Anatomy. So, here I am exploring my passion in the field of my interest.

Related Stories

Loading Please wait...


Trending Now

Actor-Director Sathish Kaushik Died of a Heart Attack at the Age of 66March 09, 2023
Soleus Push-Ups: A Laziest Exercise to Lower Blood Sugar LevelsMarch 09, 2023
World Kidney Day 2023: Be Aware of Kidney DiseasesMarch 09, 2023
Sushmita Sen reveals about suffering from a severe heart attack recently and Addison's disease in 2014March 06, 2023
A significant increase in influenza A H3N2 patients that are accompanied by severe coughing and feverMarch 06, 2023
Is AIDS or HIV curable in Ayurveda?March 03, 2023
Artificial Sweetener Erythritol Raises the Possibility of Heart Attack.March 01, 2023
Difference between HIV and AIDS - When to give antiretroviral therapy?March 01, 2023
Zero Discrimination Day: Let's Raise the Voice Against DiscriminationMarch 01, 2023
International Women’s Day 2023 – Embrace EquityFebruary 28, 2023
Brain Tumors - Types, Symptoms and Risk FactorsFebruary 28, 2023
World Rare Disease Day: End Stigma Against Rare Diseases.February 28, 2023
National Science Day 2023 - Global Science for Global WellbeingFebruary 28, 2023
Eating disorders - Types and their complicationsFebruary 27, 2023
The condition that took away the life of Malayalam filmmaker, Joseph ManuFebruary 27, 2023
World NGO Day 2023 - We make a living by what we get, but we make a life by what we giveFebruary 27, 2023
Functions and Problems of SerotoninFebruary 25, 2023
Arthritis management – Tips to manage arthritis effectivelyFebruary 25, 2023
Apple has undertaken a project of no-prick blood sugar monitoring feature for its watch.February 24, 2023
Bird flu – Jharkhand on alert, know its prevention and symptoms in humansFebruary 24, 2023