10 Blockchain Use Cases That Could Be Used in Healthcare

10 Blockchain use cases that could be used in healthcare are becoming a vital tool

Blockchains are becoming a vital tool for healthcare, transforming the business globally by decentralizing patient health information, monitoring drugs, and safeguarding payments.

The most difficult task for the healthcare business is securely handling massive amounts of data. Cybersecurity incidents involving healthcare practitioners continue to be reported all around the world.

Blockchain Use Cases in Healthcare:

1. Electronic Health Records (EHR): If you need to construct an EHR system, blockchain can assist you in addressing data security, integrity, and management challenges. Blockchain-powered apps, with their decentralization and cryptographic functions, enable patients and medical institutions to securely control health data, govern access to it, and safeguard its privacy.

2. Secure Data Sharing: Both patients and healthcare professionals rely on the efficient flow of medical data. To enable rapid and simple contact, patients can share their PHI gathered by smart fitness devices or medical data from other institutions with clinicians. Furthermore, medical data is valuable to researchers since it may be used for reports, statistics, and studies, as well as to enhance present treatment procedures and drugs. When we use blockchains for these objectives, we can safeguard the flow of data and create dependable, tamper-proof systems.

3. Medicine Authentication: The capacity of blockchain to provide an immutable transaction history can be exploited in the pharmaceutical sector. Blockchain-powered pharmaceutical systems can authenticate the sources of medicinal products and detect counterfeit medications.

4. Supply Chain Management: The previously mentioned medical medicine traceability can help improve supply chain management. Interoperability between blockchain networks might enable pharmaceutical businesses to trace the transit of their medications from the source to the final customer. Some initiatives already use blockchains in conjunction with the Internet of Things (IoT) and artificial intelligence (AI) to manage production processes and estimate demand for certain pharmaceuticals.

5. Clinical and Pharmaceutical Trials: Multiple parties are involved in such studies, including study patients, study sponsors, medication makers, medical device suppliers, clinicians, researchers, and so on. A successful medical study necessitates confidentiality as well as rapid and safe data transmission. Blockchains, when used in clinical trial systems, lower the danger of data fraud due to their consensus procedures and decentralized nature. A Proof of Existence technique, for example, can be used to safeguard trial documents.

6. Patient Consent Management: The current mechanisms for obtaining and managing patient consent are complex. Healthcare businesses must get patient authorization for data exchange and informed consent, secure data, and patient privacy, and comply with a variety of requirements.

7. Physician Credentialing: Every hospital and clinic has a credentialing procedure in place to ensure that all physicians are qualified to deal with patients. It might take weeks to provide and verify the essential papers, such as medical school diplomas, medical licenses, and letters from prior institutions.

8. Secure Payments: Payment-related disputes frequently emerge as a result of human error, late payments, and fraud performed using stolen patient identities. The blockchain's security capabilities promise to enhance healthcare transactions by lowering rejected claims, disclosing underpayments immediately, eliminating human mistakes, and better safeguarding patients' identities.

9. Healthcare Setups: Healthcare providers often use a single central database that is administered by a single entity inside the company. As a result, there is a single point of failure, which implies hackers have a greater possibility of compromising PHI than in decentralized systems.

10. Health Insurance: When utilized in insurance applications, blockchain technology can improve patient data management while lowering regulatory and compliance costs. It can also enhance communications and payment security between healthcare providers, insurance firms, and patients.