Significance of Blockchain in Current Healthcare System
Blockchain is on the way providing remarkable services to the businesses. This technology has transformed organizations by delivering innovative solutions and a protected podium of recording transactions. Securing online transactions in the blocks which then align in the form of chains restrain the involvement of cyber attacks due to its decentralized nature.
As per predictions, the use of blockchain is and will be continuing by leaps and bounds in forthcoming times. In this scenario, the healthcare system is no way behind. It is adopting blockchain to ease up authentication of patient’s data, payments procedure and many other clinical and functional operations through secure network infrastructure.
In this blog, we will see how blockchain development can take the healthcare system to a whole new level – and, expected to provide more futuristic opportunities for health care.
1- Medical Data Security
As one of the innovative solutions of blockchain is that it works as the main administrator. Its core function prevents the data from getting corrupted. Healthcare systems in alignment with blockchain assure privacy standards for all sorts of medical data, including patients information. Since, the right of regulating patient information also poses a responsibility of not contaminating the data from the hands of unauthorized users.
Serving this aim, there is no room for alterations or even modifications in the data via blockchain. Hence, the significance of blockchain becomes more crucial and beneficial for healthcare professionals and retrieving the data which is free from violation is their requirement. In addition to this, Healthcare organizations need an information system to accelerate in providing medical services.
A liaison with a custom software development company with dedicated blockchain developers will be an incredible move because blockchain solutions are quite different than traditional software in terms of interoperability, safety and governing concerns.
2- Health Information Exchange
The motive of health information exchange (HIE) is to share the patient’s health record with other healthcare givers and patients. However, it’s a time taking process with much chaos to deal. Blockchain solutions help speed up the diagnostic procedures, accelerate record files sharing process, all while avoiding medical faults and failures, and evading repeated tests etc.
Multiple challenges include procedural efficiency, costs, authenticated data sources, privacy and security etc., in any healthcare setup. Now, the truth of the matter is that blockchain in the exchange process will put away the challenges which cause failure of it. Patients should not be worried about their health and social data since data get encrypted on networks.
3- Patient’s Identity Protection
Dealing with a patient’s identity across institutions is a matter to deal with. It could lead to hazardous outcomes if the patient’s identity and medical health record doesn’t match. As we know to err is human. There could be a possibility of errors, but credit goes to blockchain by which this impediment will not prolong.
Capitalizing on blockchain technology has the potential to reduce the friction and costs of intermediating bodies. Another benefit is that there would be no option of falsification in the personalized health profile of each patient. The patient’s medical information, including history, prescriptions and lab testing reports, etc., would be in control of Government institutions and they will pass the rights to authorized people to view and update the details in the blockchain.
Although not fully matured till date, blockchain is considered the best solution as an enabler of nationwide, full ecosystem interoperability – bringing numerous opportunities for the healthcare industry.
Blockchain enabled information systems will surely address the concerns of health data. Over the years, this dilemma seems to be conquerable. Data accuracy and privacy will have a benchmark while integrating blockchain technology in the healthcare system. Information technology in uplifting the healthcare services also provides the liberty to use smartphone apps to see personal health information and for which healthcare organizations can have mobile apps development services to provide their patients a comfortable experience.