6 Uses of Blockchain Technology in Healthcare:
Blockchain technology has brought about a revolution in many fields. In this blog, let us know in detail about the implications of blockchain technology in Healthcare.
Blockchain - What is it?
In simple terms, blockchain is a very large database that is decentralised wherein data is stored securely. It is a digital ledger to which transactions or blocks get added.
Features of Blockchain:
· You can only add new information and cannot change the existing data
· Everyone can access the stored data
· Nobody can hack the data
How blockchain is helping Healthcare?
Let us take a quick look at the ways by which blockchain is helping the patients as well as doctors.
Patient Record Management:
Maintaining patients' medical history is a very important thing. It is a very complicated process as well. Through blockchain technology, a patient's medical history can be accessed by anyone without any difficulty. This saves time and efforts for both the patients and the medical professionals.
Drug supply chain management:
There are many loopholes in the drug supply chain and through this, counterfeit drugs enter the market. By using blockchain technology, pharma companies can trace the movement of drugs and also stop counterfeit drugs from entering the cycle.
Before a drug or vaccine comes to the market, it undergoes clinical trials. Drugs are tested on animals and then on humans to understand the effects of the drugs. In these clinical trials, a lot of information like test reports, surveys, statistics, etc. have to be stored and then analysed. There are chances wherein clinical trial data and results can be manipulated to get drug or vaccine approval. Blockchain technology can be used in clinical trials by which data can be stored securely without any alteration.
Easy accessibility and constant monitoring of data:
Patients' data like sugar levels, cholesterol and other vital parameters collected through wearable devices can be stored and easily accessed by doctors by using blockchain technology.
Blockchain technology helps medical researchers in a great way. Patients' data and response to treatment can be studied by scientists that will help them to improve the efficacy of the treatment.
Cost-effective and safe:
Data is protected and can be shared in a cost-effective way across a wide network. Bills and claims can be settled smoothly without any middlemen.
The quality of treatment can be improved using blockchain technology. Health records can be made accessible to patients and doctors in a seamless manner. As the doctors can monitor the electronic health records of patients any time and all the time, they can immediately alert the patient or their relatives if there is any emergency based on his or her digital medical records.
Blockchain technology results in transparency and also protects valuable data by making the whole process immutable. Hope to see many more inventions in blockchain technology in the future.