Blockchain Technology in HEALTHCARE

Blockchain, the revolutionary new technology that is creating buzz all across the world, is a brilliant innovation that eliminates certain problems that plague various industrial sectors. It is an increasingly accepted alternative to the status quo. So what really is blockchain? It is nothing but a decentralized ledger system which allows people to conduct secure peer to peer transactions by eliminating the need of a middle man, like banks or other financial institutions.

Blockchain has made considerable contribution in various sectors and has been adopted and integrated by numerous governments across the world. From food distribution, to aviation and even voting, blockchain really has stood the test of time and emerged as one technology which has numerous uses. One of the most important sectors where blockchain has made a mark is healthcare. 

    

Let’s look at the various ways in which blockchain could enhance the current healthcare system. By virtue of it being a decentralized system which has a public transparent database of information, it presents itself as the best space for storing information and eliminating any possibility of security breach or manipulation of the stored data. So in terms of patient record maintenance, blockchain would be a brilliant choice to store all the information.

When talking about a blockchain based database, imagine how convenient it would be if all the information you need during emergencies is stored in one place that is easily accessible. For example, a system like this would greatly enhance the efforts of Centers for Disease Control and Prevention to create and maintain an accurate database of detail pathogens, epidemics, risks etc. This would really assist doctors and medical experts to find the right kind of information pertaining to certain conditions as and when they need it, making it especially valuable during emergencies.

    

Also since it is a peer to peer system that eliminates the need of a mediator, a certain degree of transparency that is required in clinical trials would be in place. Both the parties can freely exchange all the necessary information without the possibility of a leak.

The revolution in healthcare that blockchain can trigger, already began in 2017 when Pfizer announced support for a US based firm that seeks to use blockchain to record pharma trials, MediLedger. Just like MediLedger Bient Tech has taken the advantage of the applications and services the Blockchain Technology offers and has started It is now expected that this association can only flourish and grow in the future.

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