Blog

How Blockchain Can Transform Healthcare

Explore how blockchain technology is revolutionizing healthcare by enhancing data security, improving transparency, and streamlining operations.

Blockchain healthcare network

1. EHR data storage

Data access. Originally, EHRs weren’t designed to be multi-institutional, that’s why all the data is scattered across the country as a patient moves from one provider to another. As a result, people have some trouble getting access to the crucial information that they need in critical situations.

Time delay. According to the HIPPA Privacy Rule, “providers can take up to 60 days to respond (not necessarily to comply) to a request for updating or removing a record that was erroneously added.” Do you want your sensitive information to be incorrect or missed? I guess, not.

General data sharing and retrieval processes are difficult because of software cost. True to say, some IT developers charge the exorbitant amount of money for data exchange interfaces.

2. Drug counterfeit fighting

3. Clinical Trials

More than 50% of clinical trials stay unreported, according to the latest statistics. In essence, this leads to destructive consequences for both patients and providers. There is a high demand for clinical data on medical studies to close the existing knowledge gaps and leverage innovation in healthcare software development , drugs manufacturing, and population health management.

All the information stored in EHR blockchain is non-identifiable and can be analyzed to gain new insights. The only way to discover the real data is to use the private key owned by the patient. That means that the data related to the patient’s visit to the doctor will contribute to the clinical trial without uncovering identity. It can’t but makes difference.

4. Internet of Medical Things (IoMT)

Challenges of blockchain systems in Healthcare industry

The conflict with the existing EHRs and HIE (Health Information Exchange) systems. It’s obvious that the current ways of storing the information are well organized in many health organizations. From the technical point of view, the transition of all the data to blockchain may lead to many inaccuracies and errors.

Standardization and disparate terminology issues. All the current systems are made in accordance with the laws and regulations of the specific countries. The distributed blockchain system should comply with these rules.

Integration concerns: technical, operational, governance, and economic challenges. As mentioned above, the integration process is likely to have different obstacles. (source: Frost&Sullivan )

Conclusion:

Contact

Discutons de votre prochain projet

Partagez le contexte et l'equipe Elinext reviendra avec les prochaines etapes.

+48

Max file size 10MB. Supported formats include DOC, DOCX, ODT, PDF, RTF, and TXT.

Required fields are marked with an asterisk.

What does our proposal include?

Join our team

Upload your CV

For public relations

PR@ELINEXT.COM