This video describes the top five use cases of Blockchain technology in healthcare. Blockchain technology has the potential to transform healthcare. Blockchain technology can be used to build a patient-centric healthcare ecosystem that is secure and interoperable.

— Top 5 Use Cases of Blockchain in Healthcare —

1. Health Records Security

One of the biggest challenges to healthcare interoperability is that most healthcare systems cannot securely exchange their health data. Data security and integrity issues hinder meaningful coordination and collaboration in healthcare.

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

Using blockchain technology as a common technology standard has the potential to address interoperability challenges in healthcare. Blockchain technology provides access control across public and private chains. For example, blockchain systems protect health records and improve data privacy.

Blockchain technology can be used to share patient data, with their consent, between different healthcare systems.

Like medical records, blockchain platforms can help people secure and share their genomic data securely.

2. Medical research and clinical trials

Blockchain can create permanent records of medical research and clinical trials. This can reduce the number of scams and mistakes. For example, blockchain technology can make the results of medical research and clinical trials reliable.

3. Medical supply chain

By some estimates, ten percent of medical goods are of low quality or counterfeit. It is believed that at least one percent of drugs on the market are fake. Blockchain-based systems can ensure chain of custody data by tracking every level of the drug supply chain. In addition, functionalities such as private keys and smart contracts can help to better maintain agreements between different parties and strengthen the credibility of pharmaceutical suppliers.

4. Health Insurance Claims

In health insurance, an exchange of claim information takes place between different parties for the claims process. The process suffers from issues such as fraud, inconsistency in coverage validation, data corruption and data security. Blockchain technology has the potential to solve these problems and enable greater trust between insurers and policyholders by increasing transparency.

5. Patient-centered healthcare

With the development of wearable technology, such as fitness and health monitoring gadgets, more and more information about patient health will be generated and shared. As a result, privacy and data ownership will become increasingly important.

Blockchain is decentralized, making it possible to build distributed healthcare applications that do not rely on a single centralized authority. The transparency of blockchain allows patients to understand who, when and how their data is used.

The privacy and security of health data is a major challenge in healthcare, especially when data needs to be exchanged across 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.

Blockchain technology has the potential to transform healthcare. Blockchain technology can be used to build a patient-centric healthcare ecosystem that is secure and interoperable.

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Link to blog article: https://webmedy.com/blog/top-uses-of-blockchain-healthcare/

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