Applying Blockchain To Healthcare
Even though the problem is that individuals on different sides of the political spectrum are likely to disagree about what’s to be done to fix the US healthcare system, few would likely dispute that the sector is in rough shape at this point. Therefore to be sure, fixing health care is a process that’s sure to be lengthy and to involve many factions within the business, science, and political worlds. Thereby there are debates still raging about large scale issues with the industry as the technological advances have helped to increase efficiency in a small but important way where the new software hereby allows for the safer faster transmission and also storage of health records by providers for instance.
Thereby, on the other hand, it’s not a secret that many parts of the healthcare industry are mired in technology and practices that could only be described as outdated. As it comes pagers and fax machines come to mind as many in the space agree with a report by the Government Accountability Office summarized by HowToToken suggesting that therefore obsolete health care computer systems that not only cost the industry money but are also jeopardizing the health as well as the livelihood of these patients. Henceforth it has been observed that thereby given these issues, there are even new signs emerging that the solid health care space may be primed to take advantage of blockchain technology popular in the cryptocurrency space as it is not yet in that mainstream business world.
How Could The Blockchain Help?
According to the chief information officer John Halamka, at the Beth Israel Deaconess Medical Center in Boston, he has explained that patient data often is scattered across different facilities making it difficult to access at crucial times. It is found that therefore blockchain technology could revolutionize how the health data is stored and transmitted, as indeed given that it sports an ultra-secure cryptographic database and shared ledger to provide for speedy and easy communications, blockchain tech may be just the solutions for the industry.
Thereby as with blockchain, these health care systems could surely store all medical records confidentially updating the patient data across those multiple facilities and the locations in real-time and with security. Hence it would free up time and resources in health facilities to be further dedicated toward patient care and innovation rather than administration.
The Blockchain Solutions That Are Already In-Play
While there are several companies already made use of blockchain to enhance healthcare, none of these operators has taken off on a national scale as of yet where they signal interest within the industry as well as a theoretical openness to new technology. To mention here is one such company that is hashed health utilizing the blockchain generating a free and open community for healthcare professionals to discuss and partner to explore blockchain’s uses in the industry. It is observed that hence the company is also providing an advisory branch to help those healthcare organizations which understand how blockchain can be integrated into existing systems and finally the company has a lab that aims to develop new blockchain tech solutions to problems that have plagued the healthcare industry.
The second is MedRec, another blockchain-focused company in the healthcare space as it operates a transparent peer-to-peer ledger allowing providers to track files and information seamlessly where the service allows for easier direct communication with patients too as the clinicians, facilities and large scale systems are connected on a single platform allowing for the most efficient transmission of information possible.
The third such company is DYNOSTICS, catering toward individual users, helping individuals to determine their current state of fitness. Providing instantaneous feedback and a single location for all data, DYNOSTICS like both of the other companies above is focused on data security and privacy.
Hereby to ensure other companies are looking to revolutionize healthcare through blockchain as well, will any of these operations succeed in transforming the staid and in many cases problematic practices of the industry? It remains to be seen however the fact that companies within the blockchain space are making aggressive bids to attempt these solutions can be seen as a good sign of progress to come.
Finally, It Is The Healthcare Sector That Is Banking On The Blockchain
Since there are a lot of applications for blockchain, healthcare alone stands out from the rest. As a dynamic sector, healthcare requires something that is much more than usual. We sign off here and will surely be back with a lot more information about the growing blockchain industry. The applications don’t end here and we are mining out more of them as the technology keeps expanding in leaps and bounds.