How blockchain technology works in healthcare industry
- 2. Introduction Warm Greetings to you! Today we are going to discuss a widely trending topic “Blockchain technology” and how it supports health care industry. Actually the Blockchain technology already started to transform many major 19 industries. Alright, before entering in to the core topic, Let us first review about health care industry.
- 3. Healthcare Industry: An Ocean Of Medical Data’s Hope you already know that heathcare industry is very large network; in short we can describe it as a Ocean Of Data’s. The count of patients, type of medicines, Doctors, hospitals count, and other things are getting increased day by day. And I’m damn sure that this growth will not going to end and never. Because The living style of people have changed dramatically, and the lack of healthy foods increases the diseases count and patients countl.
- 4. Data Breaches in Healthcare industry The very recent report by Verizon’s 2018 Data breach Investigation Reports says “ Health care industry is the worst in pretending the insider data breaches”. In last year (i.e) in 2017 there were around 750 cyber incidents have happened. 63% of cyber incidents are misuse of privilege, and 37% are personal information misuse. In this cyber incidents there were around 56% of internal actors involved and other 44% are external actors.
- 5. Blockchain Started to Hear your Heart Beats The technology, Blockchain was primarily invented for bitcoins and cryptocurrencies. This was considered as a public ledger technology. Here the data’s will be stored in secured blocks ( cloud storage) in a secured encrypted manner. So only a limited number of persons or authorized peoplen can access those data’s. This technology and its use cases were created a huge revolution in bitcoin cryptocurrency exchange transactions.
- 6. Blockchain Started to Hear your Heart Beats By experiencing the security, integrity and transparency of this immense technology, many industries started to grab it for their enhanced data storing and retrieving methodologies. Banking industry was the first to adopt it, and after that SCM, e-commerce, and now health industry. This chain will continue further more with food industry, fashion industry, Power energy supply industry, Telecom industry, Marketing , more and more.
- 7. How Blockchain Could Support Health Care Industry? Risk factors that are faced by a hospital management. 1. Meeting the HIPAA Compliance 2. Mobile Computing 3. Patient Data Sharing ( Data breach) 4. Preventing the Insider Data Breach 5. The lack of integration between administration and clinical data’s 6. Lack of operational and tracking analytics talents
- 8. Blockchain Revamps Health Care Industry By Clean Sweeping The Risks By capitalizing this immense technology in health care system, experts predict that Health Information exchanges (HIE) will be more secured, efficient, manageable, and also interoperable. The technology used to achieve this goal is private Blockchain implementation. This kind of Blockchain based system will reduce the frictions and cost for intermediaries involved in medical data exchanges.
- 9. Benefits of Blockchain in Healthcare 1. Data Provenance and integrity 2. Data Security 3. Data Transparency 4. Drug Traceability 5. Easy to maintain Electronic Health Records( EHR) 6. Patient Data Management data exchanges. 7. Easy to maintain the SCM 8. Prevents Data breaching 9. Medical insurance claims process will be diluted 10. Easy to maintain clinical research results. 11. Can Achieve unchangeable medical Data’s 12. More Secure Standards
- 10. How bitdeal can help health care industries? We are proud to tell that, Bitdeal is the early adopter of blockchain technology in India. At bitdeal we provide services for industries, corporate and small business to integrate Blockchain technology. After understanding the scope of Blockchain in heath care, we enlarged our services for hospitals and its branches too. We have separate offshore development center with 120 + Blockchain developers, Hire dedicated blockchain developers for custom blockchain application development.
- 11. Claim Your Custom Blockchain Contact Us: Mail : sales@bitdeal.net Website : www.bitdeal.net Live Chat: Whatsapp : +91 9677555651 Telegram : t.me/919677555651 Skype : live:bitzbillo Messenger : m.me/bitdeal Bitdeal