Health care as a lucrative industry

Even though health care is such a lucrative industry it’s a lot more fragmented and disorganized. Let’s talk about medical data, there are actually quite a few reasons as to why you might want to share itwith someone. Let’s say you’re in a new place and you want your new doctor to understand your medical history, or maybe you want to find an emergency room min the event of an emergency and you need your prescription info sent over accordingly. In first world countries such as USA, Canada, UK, the systems are setup in a way where sharing patient records is quite streamlined but in general as with anything, ease of access presents more security risk.

In USA, healthcare is actually a aggregate system of private companies which means that patient data is even more disorganized. In just one city there can be up to 50 different fragmented medical record databases that are not syndicated. Using blockchain technology, the patient can directly make a ledger contract that only he can sign and
give transparency to the parties that he sees fit. Security is actually one of the biggest problems when it comes to medical records, distributing this in a decentralized fashion makes the entirely system much more secure because here isn’t a central area of leakage.

Medical teams can then query the patient’s record at their leisure once the patient grants access. With regards to medical records Dxchain does three main things: first it allows the healthcare provider access to the data when the blockchain is instructed to give it. Second it sends the client’s orders to the receiving party such as the pharmacist of the physician, and ultimately this block can allocate computing resources accordingly for making all this happen in unison. The great thing about medical records is that at the time of this writing, there’s no actual technology such as Linked In that exists for medical records. There’s no Web 2.0 equivalent or entity that is doing this so we’re effectively going from web 1.0 to web 3.0 in one fell swoop.

The reason blockchain is a perfect fit is that it solves efficiency, data integrity, security issues all at once, it’s quite rare that this occurs. A similar phenomena is cities in Africa that never had landline infrastructure and skip directly to cellular infrastructure. People in general take their privacy for granted since large corporations make it so easy to sign your data away such as Facebook is notorious for, but that data, especially health data is quite valuable. The patients could potentially make money from their health data by selling it to an aggregator which can then lump all the data from a given population, a data sharing economy is one of the future and should be on that is embraced as this is what will most likely be the solution to growing population in large cities. Our resources are quite constrained on this planet and measures should be taken in order to
conserve those resources by increasing efficiency.

Referral link - https://t.me/DxChainBot?start=08yj9u-08yj9u
DxChain's website - https://www.dxchain.com