Blockchain in Healthcare and its 6 Amazing Applications

Why is Blockchain Technology such a Big Deal?

What is blockchain in healthcare? Is there any future scope?

6 Amazing Applications of blockchain in healthcare

1. Maintain Patient’s Medical Records:

2. Supply chain management (SCM)

  • Assuring that the active components employed in medication development meet medical requirements.
  • Counterfeit medications can be tracked via blockchain: Healthcare and pharmaceutical companies can eliminate counterfeit pharmaceuticals by using blockchain technology.
  • Pharmaceutical businesses, pharmacies, and healthcare professionals all benefit from information about the flow of drugs and inventories.
  • It’s also a lot easier to manage pharmaceutical and gadget recall.

3. Clinical Research

4. Treatment Regimen

5. Settelment Resolution

6. Shift in the business model

Challenges of Blockchain in Healthcare

  1. Different geographical locations have different sets of medical guidelines.
  2. Uncertainty in determining who requires access.
  3. The maximum amount of data can be stored in a single block.
  4. If blockchain technology is used in the healthcare industry, all medical records, documents, photographs, and lab reports will be stored on it. The combined size of all of these files might easily exceed the storage capacity of current blockchain technology, posing a dilemma.
  5. There is currently no mechanism in place to determine who owns the healthcare data and who authorizes authorization to share it.
  6. There is no clear estimate of how much it will cost to set up and maintain blockchain technology in healthcare.

Wrapping Up

--

--

--

An app development agency taking small steps towards building a brighter future. Visit us at http://www.terasoltechnologies.com/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Distributed Trust in the UNTHINKABLE age

ICAC Interview | IOST-Q.E.D:

LINE Blockchain Weekly Report (2021.08.16~2021.08.22)

The evolution of traditional contracts to smart contracts for Digital Marketers.

Top 5 Blockchain Ideas Are Expected to Change the World

DINNGO —A FAST, SECURE AND CONVENIENT DIGITAL CURRENCY EXCHANGE

LooksCoin AMA with Whale Blockchain Enthusiast

METABASE REVIEW

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Terasol Technologies

Terasol Technologies

An app development agency taking small steps towards building a brighter future. Visit us at http://www.terasoltechnologies.com/

More from Medium

Develop A Jokes Game For Live Streams

Shopify vs Magento vs WooCommerce: Which is the Best E-Commerce Platform?

The One Guide You Need To Create Bespoke On-Demand Delivery App For 2022

Dating Mobile App Solutions Specifications That Meet User Expectations