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One of the biggest challenges in healthcare interoperability is that most healthcare systems are unable to securely exchange their health data.Unsuccessful Data security and Failed integrity issues hinder meaningful coordination and collaboration in healthcare.

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Blockchain is a distributed ledger whose interesting feature is that once data is entered into the blockchain, that data becomes permanent and cannot be changed. This immutable feature of blockchain helps to guarantee the integrity and validity of patients' health records.

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By using blockchain technology as a common technical standard, difficult challenges of healthcare interoperability can be solved. Blockchain technology provides control through the both public and private chains. Blockchain systems not only protects the health records but also improve data privacy.

With the help of blockchain technology, patient data can be shared securely with various organizations and with their consent. Like health records, blockchain platforms can also secure the genetic data of individuals and safely share their genomic data.

With this technology, permanent records in research related to medical history and clinical trials can be created. This will result in the reduction of the chances of scams and errors. Thus, blockchain technology can make the results of medical research and clinical trials trustworthy.

According to some estimates, ten percent of medical goods are either of low quality or counterfeit. It is believed that at least one percent of all medicines in the market are counterfeit. Systems based on blockchain can guarantee chain of custody records by tracing every level of the drug supply chain. Additionally, functionalities such as private keys and smart contracts can help better maintain agreements between different parties, and strengthen the credibility of the pharmaceutical supplier.

In medical insurance, claims information is exchanged between different parties to process the claims. The process is plagued with issues like fraud, inconsistency in coverage validation, data corruption and data security. Blockchain technology can solve these problems and lead to greater trust between insurers and insureds by increasing transparency.

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With the development of wearable technology such as fitness and health monitoring gadgets, more and more patient health information are generated and shared.
Because of this, privacy and data ownership will become increasingly important.

Blockchain is decentralized, making it possible to create distributed healthcare applications that do not rely on any single centralized authority.With the help of blockchain technology, it becomes easier for patients to understand by whom, when and how their data is being used.

Privacy and security of health data is a major challenge in healthcare, especially when data has to be exchanged between multiple systems. Blockchain technology enables secure exchange and access between different entities.

This technology gives patients the ability to have complete control over their historical health records and be tension free even if they lose it by mistake. Blockchain technology has the potential to transform healthcare.

Blockchain technology can be used to build helpful patient-centric healthcare ecosystems that are secure and interoperable.

Here's a list of some benefits you can expect to achieve when adopting Blockchain technology into your business ::

👉 Due to its secure feature , blockchain is always secure .

👉 When a transaction is done in this sector, its data is automatically updated, which eliminates the chances of fraud.

👉 As it is a decentralized system, no intermediate fee is required .

👉 The transaction are verified and confirmed by participants .

👉 One can achieve every information regarding any health center thought this blockchain technology.

Blockchain technology has made everyone's life easier. This technology is very useful for both the health sector workers and the patients. It saves everyone's time, money and also provides the benefit of proper medical facilities.

Thankyou

India , February 24, 2024
Posted by
@moyeon