BLOCKCHAIN  USED IN HEALTHCARE SECTOR
                     BLOCKCHAIN  USED IN HEALTHCARE 
SECTOR
www.osiztechnologies.com
In this digitized world, every progress of the humans are 
more facilitated and subsist the reduction of manpower. 
Obviously, this  circumstances exists by cause of the 
arrival of emergent and sophisticated technologies. 
Why Blockchain Technology for Industries?
Generally, every technologies has its certain pros and 
cons. In the same way, blockchain has its unique pros to 
deliver the industries. Here are some among them.
(i) High Data Quality
The data in blockchain is absolute, consonant, accurate, 
timely     and easily available. Henceforth, the data are 
considered as high quality one.
(ii) Transparency
The technology fame for its transparent trait where all 
parties can view the deviations if any occur in the public 
ledger. Likewise, all the transactions conducted on the 
platforms can not be deleted.
(iii) Lack of Intermediaries
Another wondering trait of blockchain is lack of 
intermediating. It symbolizes that there is absence of 
third parties and there won’t be any counter party risks.
(iv) Simplified Ecosystem:
As all transactions will be proven in an individual public 
ledger, it destruct the complications and disorder that 
come with multiple ledgers.
(v) User Empowerment:
Users are authorized as they are in control of all the data 
and transactions conduit on the platform.
(vi) Durability and Longevity
Being a decentralized network, it does not have central 
point of failure. In the consequence, it is able to hold up 
malicious attacks.
As a matter of fact, blockchain aid several industries and 
to point out one among them which obtain more benefit 
by this technology is healthcare.
Challenges that Healthcare Industry Faces:
Here are the challenges that healthcare industry is 
facing:
(i) Conventional Data Collection
To mention, prevailing conventional Data collection and 
lacking of secure infrastructure which can permit a rapid 
transactions interoperability between several data points.
(ii) Data Accessibility
The prime challenge faced by healthcare sector is data 
accessibility. Accessibility to protected health 
information (PHI) sets restricted research progress.
(iii) Data Privacy and Security
Data privacy and security holds as a top issue of 
healthcare sector. As a matter of fact, it is not a wonder, 
that the medical data flow is often stifled leads to the 
enhanced risk of medical error and fatalities, when there 
is sharing of critical patient information.
Blockchain Solutions to the Healthcare Challenges
 (i) Data Protection
BlockChain technology equipped with the modish 
cryptographic features not only serve for the checking of 
data authenticity with the digital signature but also it aid 
to offer foolproof data security. As a result, it provides 
precise solution to the twin issues of trust and security.
(ii) Smart Contract
With the tailored provisions, it is simple to capture the 
patient information absolutely and once the information 
is recorded in the blockchain remains immutable as well 
as professionals can easily trust the data. To point out, 
with the patient’s private key, the captured record in a 
permission network can be accessed easily
(iii) Transparent and Organized Process
Blockchain technology not only results in unified healthcare data 
but also hold out and work trackable distributed data records. As 
well, the access of public/private key powerfully guard the overall 
security through elimination of data leakage. On the other hand, 
blockchain technology also assist to track the motion of drug from 
producer to the patient. Rather than all these ensuring timely 
supply, it also eradicate the chances of counterfeiting.
Innovating Traditional Models of Healthcare
Generally, blockchain has the potential to impel innovation in 
preventive care and community-based healthcare models. 
Blockchain can tie-up together the team-based healthcare, finance 
and payment with the inbuilt holding of cryptographic 
public and private key access, proof of work and 
distributed data builds a new level of integrity for 
healthcare information.
Blockchain cater resistance connectivity, reinforced by 
smart contracts and authority to access all electronic 
health data. In the same way, its transaction layer can 
modify access to a different set of interchangeable, 
anonymous and non-patient identifiable 
information instantaneously. In the same way, 
transparentness and mechanization can also leads to 
increased efficiency and reduced administration costs. To 
mention, It is a phased approach rather than an 
instantaneous system overhaul, and hence aptly suited 
to healthcare sector.
Scope of Blockchain Technology in Healthcare
The scope of blockchain technology in healthcare is 
immense. In future, undoubtedly blockchain technology 
will act as a functioning device of the healthcare sector 
with showering infinite benefits.
Integrate Blockchain with your Healthcare Sector
Integrate blockchain technology with your healthcare 
sector to attain the above mentioned advantageous traits 
which aid your sector without any hassles and iterations. 
As a result, the blockchain solutions for 
healthcare overcome all the challenges of the industry 
efficiently and effectively.
Stay connect with us to acquire more about blockchain 
applications
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