Crypto Academy | Season 4 Week 3. Homework Post for |@yohan2on| - Blockchain Technology in the Healthcare industry

Hello wonderful people, how are you today? I hope you're having a fantastic week. I'm ecstatic to be a part of this unforgettable lecture. In this article, I'll share my experience with Blockchain Technology in the Healthcare industry.

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Question: Research and Discuss the potential applications of Blockchain in the Health care industry

Healthcare accounts for a significant portion of the gross domestic product (GDP) in established economies. Healthcare costs, on the other hand, keep rising, as do ineffectual practices and health data leaks.

This is one instance wherein blockchain technology has the potential to enhance things. It is capable of a wide range of tasks, including safe encryption of patient records and the management of illnesses.

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What is Blockchain?

The word "blockchain" refers to a common unchangeable database of a sequence of transactions, each of which is made up of one block, and which is kept connected by encryption keys ("hashes"). Such keys or signatures are kept in common ledgers and connected by a set of nodes or activities. Each node maintains a duplicate of the entire network, which is continually synced and updated.

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Applications in healthcare

In health, blockchain does have a variety of implementations and functions. The ledger technology can help health experts decode genetic information by facilitating the safe transmission of clinical documentation, managing the pharmaceutical supplier base, and facilitating the secure transmission of healthcare data.

​Blockchain innovation can possibly change medical services, setting the patient at the focal point of the medical services biological system and expanding the security, protection, and interoperability of wellbeing information. This innovation could give another model to wellbeing data trades by making electronic clinical records more proficient, disintermediated, and secure. While it's anything but a panacea, this new, quickly developing field gives fruitful ground to experimentation, venture, and evidence of idea testing.​
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1.)Research.

Electronic medical data now only enable the continuous maintenance and transmission of healthcare data on a particular patient inside a single organization or chain of organizations. This might be improved if the data was arranged in such a way that a set of data on the blockchain's uppermost layer could be used. This would provide academics and other organizations accessibility to a vast range of data, including client groups tens or even hundreds of thousands. Medical studies, risk occurrence and serious incidents monitoring and detection, and public health monitoring would all benefit significantly from the access of such large volumes of data.

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2.) Patient care is more efficient, less expensive, and more effective.


Blockchain has the potential to provide a centralized system for storing and retrieving health information in a safe and timely manner by authorized users. Countless errors may be avoided, quicker diagnoses and treatments are enabled, and treatment can be customized to every individual by preventing confusion among various treatment personnel associated with caring for the same person.

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3.)Digital healthcare information that is accessible

By keeping a specified set of standardized content on the blockchain, together with personal encrypting to private information stored such as radiography or some other pictures, the blockchain may enable a transactions layer where companies can contribute and exchange data through one safe method.

The usage of smart contracts and standardized authorization procedures can greatly aid in the provision of clear links.

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4.)Data protection

Between 2009 and 2017, there were approximately 176 million security breaches involving medical records. The blockchain's security characteristics can significantly improve the security of health data. Each person has a public identification or key and a private key that can only be opened when and for the number of days required.

Furthermore, the necessity to target each user separately in order to gain confidential material would restrict phishing. As a result, blockchains should provide an irreversible paper trail of medical data.

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5.) Digital medical records that are focused on the patient

Every state and area is battling with the issue of data fragmentation, which means that individuals and associated medical specialists have an inaccurate picture of their medical history.
The rise of far more comprehensive, computerized, and shared patient medical statistics will have a significant influence on the medical sector, allowing for more advanced statistics. Personalized medicine, for example, is a promising subject, but its advancement is hampered by a scarcity of high-quality data. Much more sophisticated categorization and evaluation of focused medication results would be possible if more trustworthy and extensive population-level data were available.

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6.) Authentication of medical personnel credentials.

Blockchain technology could be used to monitor the encounter of health personnel in the same way that it is used to monitor and control the authenticity of a medical product. Trustable healthcare centers and healthcare providers can log the login details of their employees, which helps to optimize the recruiting method for healthcare facilities.
During the employment process, healthcare organizations will be able to get credentialed more quickly.
A chance for health centers, hospitals, and medical providers to profit from their preexisting qualifications information on former and current employees.

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7.)Tracking OF DRUGS

In the health sector, drug piracy is a serious issue.
The primary problem with imposter medications is that they might differ from the real medication in terms of both quantity and quality characteristics. Many of them, in fact, lack the active substances they claim to offer. Because the counterfeit medicine will not address the condition it is meant to treat, this can be very harmful to people who take it.
Furthermore, if the components and doses are not the same, the product may have unanticipated side effects, including death.

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MEDICAL-HEALTHCARE BLOCKCHAIN BENEFITS.

  • People may submit documents to anybody without the worry of data theft or manipulation because the blockchain is unchangeable and visible.
  • Likewise, health records created and stored on the blockchain will be totally safe.
  • The patient has some influence over how the institutes utilize and distribute their medical data. Any entity interested in obtaining medical information about a patient may use the blockchain to obtain the appropriate authorization.
  • A incentive method could also be used to motivate the person's positive attitude. They can earn points for obeying a treatment plan or being fit, for example. They can be compensated with vouchers for offering details for medical studies and researches.
  • Numerous medical organizations perform their individual scientific and health studies on multiple new medicines and treatments across the globe. A blockchain will facilitate the creation of a unified database that will store all of this information.

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PROBLEMS WITH THE USE OF BLOCKCHAIN IN HEALTHCARE


-The blocks in bitcoin and ethereum have a storage issue. Bitcoin has a little over 1MB of
space per block which is simply not enough to run the kind of transactions and store the
kind of data that healthcare institutes require.

  • To tackle difficult riddles, public blockchains, particularly those that implement the proof-of-work method like Bitcoin, need a massive quantity of processing power. As a result, spending so much expense on compromise methods is unrealistic for these organizations.

  • Public blockchains are accessible networks, which would be a disadvantage in and of it.
    Usually, healthcare organizations are wary about interacting with one another in a system where anybody may join and becomes a member. Medical institutions handle highly secret and confidential information. Obviously, they don't want people outside of their inner circle to see it.

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CONCLUSION

The blockchain has a number of benefits that it might bring to the health industry. Several institutions and venues already had begun to explore and engage with blockchain.

Modern intelligent health development emphasizes individual data technology. the Internet of Things in healthcare but patient records cannot be properly exchanged across organizations at this time, and confidentiality became a barrier in today's modern wise healthcare system. Of course, several research integrates blockchain-based smart medical care, however, the majority of them focus on the implementation of a specific feature of blockchain in the area of smart medical treatment, with patients and health care organizations as the people in the study.

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cc : @yohan2on

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Hi @bassamjamal

Thanks for participating in the Steemit Crypto Academy
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It's good content. Thanks for taking the time to research and express your thoughts about the potential applications of Blockchain in the health care industry.

Total| 7/10

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