3 Useful Blockchain Implementations In Healthcare

Healthcare is a special industry which caters to the diagnosis and treatment of diseases and injuries. That’s what we think about it on the surface. But there are so many procedures involved which includes a lot of paperwork. In addition to a lot of record keeping, databases for various purposes must be maintained and kept secure. Blockchain is a technology that came to prominence because of its ability to ensure a safe and secure system for the transfer of a cryptocurrency called “Bitcoin”. Since then, it has found use in many industries including healthcare.

Blockchain Application Development

Here are 3 useful blockchain implementations in healthcare!

1) Secure Storage of EHR:

Electronic Health Records have become challenging to secure and handle over time after the introduction of compliances like HIPAA. The records include information related to demographics, health conditions, medical treatment, insurance information, laboratory test, and other related data which are used to effectively determine a patient’s health service requirements. 

Using blockchain, patients can secure their information and grant permission to their respective medical practitioners. Smart Contracts can be employed to ensure that the information gotten follow the HIPAA privacy rule.

2) Eliminating Counterfeit Drugs:

About 10 to 30 drugs out of 100 are fake in developing countries. This is a very serious issue. Besides damaging the business of drug manufacturers, they can be life-threatening. It is noted that drug companies in the US lose about $200 billion per year due to this particular issue. Blockchain can be used to track a particular drug from the time of its despatch to the time its sold to the consumers. This way, they can know the conditions the drugs have been through with regards to temperature/humidity as they get scanned while being transported from one node to another in the supply chain. 

This data that is acquired is rendered immutable which allows retailers and consumers to verify its state. In fact, an act of counterfeiting can be traced back and the person(s) involved can be held accountable.

3) Impartial Clinical Trials:

Drug development is an intense process which involves critical stages such as the clinical trials. This is where the drugs get tested on different subjects to understand their viability and effect on the human body. If malpractice takes place and the results are faked to prove a bad drug or rather a dangerous one good, this leads to serious complications when it gets approved and enters the market. 

In order to prevent any change or manipulation of the test results, Smart Contracts can be used to record all the information and make it transparent to everyone in charge. If anyone attempts to change the data, it can be easily noticed and the bad drugs won’t reach the market.

These are only a few of many other implementations blockchain has in healthcare. If you want to pursue Custom Blockchain Application Development, connect with a professional company - Openwave! We provide services astutely at affordable rates! Contact our experts to learn more!