The rapid uptake of digitization in healthcare has led to the generation of massive electronic records about patients. Such growth poses unprecedented demands for healthcare data protection while in use and exchange. The rise of blockchain technology as a responsible and transparent mechanism to store and distribute data is paving the way for new potentials for solving serious data privacy, security and integrity issues in healthcare sector.
What are the benefits of using Blockchain in Healthcare?
- Reduce Costs
Blockchain technology helps in reducing the costs across the entire healthcare by eliminating third parties. Through blockchain, healthcare sector can reduce administrative overheads.
- Enhance Security
Blockchain technology provides security to the users as it is based on cryptography. Data stored on a blockchain can be permanently secured. This makes it impossible for anyone to tamper with data on blockchain.
Blockchain technology allows patients to keep personal data and determine with whom this can be shared, thus resolving current data ownership and sharing issues and making the process more transparent.
Top 7 Blockchain Projects in the Healthcare Sector
Medibloc is a blockchain project in the healthcare sector that is designed to solve a wide range of problems that arise from generating, managing and utilizing medical data. With Medibloc, physicians can access patient information, medical history, prescribed medication and more. Medibloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more. The platform offers three categories of accounts: for patients, doctors and medical institutions and data scientists. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data.
Solve.Care is a blockchain platform for digital health networks. The Solve.Care platform allows for digital health networks, called Care Networks, to be built and run for patient-centric care based on medical conditions. Using Solve.Care platform, businesses are able to launch networked, interoperable healthcare dApps, within only weeks or even days. Solve.Care is working to solve the complex problems that plague healthcare around the world.
Aimedis is an eHealth platform based on blockchain technology. Aimedis combines eHealth applications such as health records, video chat with doctors, appointments, prescriptions, emergency records and many more along with medical social media platform, eLearning, eTeaching and education. Aimedis builds the world’s first medical metaverse and opens the world’s first virtual hospital chain in the metaverse while offering space to other hospitals, companies and people. Aimedis blockchain makes healthcare data transparent and trustworthy where healthcare providers can handle existing trial data and patient medical record information while maintaining patient privacy.
Patientory is a blockchain solution for safe, cloud-based management of electronic healthcare records and other sensitive healthcare data. The platform aims to empower everyone, from individual patients to healthcare organizations, by giving them complete control of their data in real-time. Through two decentralized applications, the Patientory mobile app and enterprise software tool Neith, it provides patients with access and insights, and enterprises with comprehensive healthcare data analytics throughout systems to improve population health outcomes and employ personalized care plans that consider the entire history of the patient using blockchain.
Medicalchain uses blockchain technology to securely store health records and maintain a single version of the truth. Different organizations such as doctors, hospitals, laboratories, pharmacists and health insurers can request permission to access a patient’s record to serve their purpose and record transactions on the distributed ledger. Medicalchain provides solutions to today’s health record problems. The platform is built to securely store and share electronic health records.
Medifakt is a decentralized blockchain platform improving patient care, healthcare security, data transparency and interoperability across the healthcare industry. Medifakt have three key stakeholders: patients, providers and AI companies. Medifakt uses the combination of IoT+ Blockchain+ AI, the combination of these technologies will enhance the security of the collected data. Through medical devices, real-world data is collected to solve the transparency in healthcare.
EncrypGen is a blockchain platform that enables individuals, researchers and businesses to share genetic data. The platform was created with a mission to increase the amount of genetic data available for research and increase privacy, security and ownership of data for individuals and allow people to profit from their data in an open marketplace.
Blockchain is an emerging technology that can be applied for innovative solutions in various sectors, including healthcare. A blockchain can be used in healthcare systems to preserve and exchange patient data through hospitals, diagnostic laboratories, pharmacy firms and doctors. Blockchain technology can improve the performance, security and transparency of sharing medical data in the healthcare system.
Frequently Asked Questions (FAQs)
What are the challenges of blockchain adoption in the healthcare sector?
Blockchain adoption has various challenges in the healthcare sector which are data accessibility and reliability, privacy and security, ownership and governance, lack of adoption and lack of legislative standards.
Why blockchain is important in the healthcare sector?
Blockchain application is built on a decentralized and trustless environment it can tackle serious issues such as automated claim authentication and public health management, the healthcare sector is a prime choice for application of blockchain technology. This technology allows patients to keep personal data and determine with whom this can be shared, thus resolving current data ownership and sharing issues.
What are the use cases of blockchain in healthcare?
Blockchain technology have various use cases in healthcare which are: drug traceability, data monitoring, clinical trials, etc.