5 ways Blockchain to improve the healthcare industry

1. Clinical history

The medical information of the users is managed by the entities that serve them throughout their lives. Consequently, they do not have a single medical history, but multiple records at different locations.
With blockchain it is possible to build a unique database, in which the user owns their medical history and can define who has access to it. It would guarantee effective disease treatment and transparent interoperability between different institutions.

2. Billing management

In regions such as Latin America, the level of corruption within the health system is very high, contaminating an area that should have full transparency. However, using this technology it is possible to automate the activities of claiming, adjudication and processing of payments, completely eliminating the intermediaries and associated costs.

3. Drug supply chain

One in ten medicines consumed in the world is false. With blockchain, a record of the transit of medicines from the laboratory to the hands of the final consumer could be constituted, allowing verification of their originality at any time.

4. Record of research results

A high percentage of researchers do not share clinical trials or the results of their work, for fear that they will be altered or stolen. This reduces the speed with which advances in medicine develop. The blockchain -characterized by guaranteeing the immutability of the information- may be the key to constitute a global database in this regard.

5. Cybersecurity in the IoMT (Internet of Medical Things)

With the advancement of technology, it is evident that the number of connected devices that help monitor the health of patients increases every day. However, these systems are exposed to cyber attacks. Blockchain has the potential to guarantee the security, privacy and reliability in the interoperability of this data.

As you see, the scope of the underlying blockchain technology can translate into substantial improvements for the health sector, with direct benefits for patients.

Information-source: kibernum.com