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...

-Advertisements-




Trending Now

Seminar on RERA: Concerns in Real Estate heldDecember 09, 2023
Commonwealth youth leaders want action, not just rhetoric at COP28December 09, 2023
South India’s biggest Gaushala, Satyam Shivam Sundaram Gau Nivas to conduct Annakut Celebrations on Sunday on the eve of its 23rd AnniversaryDecember 08, 2023
Center for Diagnostics and Telemedicine Introduces Groundbreaking Service – Preliminary Clinical and Technical Testing for Medical SoftwareDecember 08, 2023
FTCCI to hold a Seminar on RERA: Concerns in Real EstateDecember 08, 2023
Adoption of Public Health Strategies and Early Detection Key for Cancer Mitigation: ExpertsDecember 08, 2023
Are online spaces safe for women?December 08, 2023
Prescribing Equality: Tackling Gender Disparities in India's Healthcare LeadershipDecember 07, 2023
Digitalizing Health: Generative AI's Impact Amplified by AWS Cloud in IndiaDecember 07, 2023
Eyes on the Future: Dr. Agarwal's Group Channels Rs 100 Crore for Cutting-edge Eye Hospitals Across KeralaDecember 06, 2023
Organ Transplant Scandal: Apollo Hospital Faces Government InquiryDecember 06, 2023
Breaking Barriers in Cancer Treatment: Max Healthcare's CAR-T Therapy PartnershipDecember 06, 2023
Exploring the Link Between Covid-19 Vaccination and Sudden Cardiac Arrests: ICMR StudyNovember 22, 2023
Powering the Future: China's Biodegradable Wireless System for Bioelectronic InnovationNovember 22, 2023
IMS BHU Pioneers Advanced Cardiac Care: Unveiling Cutting-Edge Technologies for Precise DiagnosisNovember 18, 2023
Inito's $6 Million Boost: Transforming Women's Health with AI-Backed Fertility MonitoringNovember 18, 2023
Madras High Court Advocates for Equality: PG Medical Students to Receive Incentive Marks for COVID-19 DutyNovember 18, 2023
Next-Gen Healthcare: CarePods and AI Redefine the Patient ExperienceNovember 17, 2023
Air Quality Crisis: Alarming Rise in Premature Births Linked to Air Quality in Begusarai, BiharNovember 17, 2023
Limerick Contest-2023: A Celebration of Wit and PoetryNovember 17, 2023