By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    An Expert’s Guide To Building and Improving Endurance
    June 30, 2022
    medical assistants
    What Do Medical Assistants Do On a Day to Day Basis?
    April 5, 2022
    superfoods to help with prostate health
    10 Healthy Foods That Can Help Protect Your Prostate
    August 29, 2022
    Latest News
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthcare cost crisis
    What If the Health Care Cost Crisis Solves Itself?
    May 11, 2013
    Do You Need Life Insurance? What Does It Cover?
    December 23, 2022
    HIE metal plans
    The Four “Metal Plans” of Health Insurance Exchanges
    May 28, 2013
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: How Blockchain can Evolve Healthcare System?
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > eHealth > Medical Records > How Blockchain can Evolve Healthcare System?
eHealthMedical RecordsMobile HealthTechnology

How Blockchain can Evolve Healthcare System?

Ria Katiyar
Ria Katiyar
Share
6 Min Read
How blockchain can evolve healthcare system?
SHARE

Blockchain technology is ruling the market and headlines of the news. From citizens of Asian countries to ministers of Dubai (UAE) – everyone is talking about Blockchain. The technology is emerging out beyond the concept of bitcoins and cryptocurrency transactions; revamping not one or two sectors, but changing the landscape of the whole business world.

Contents
What Blockchain technology exactly is?How Blockchain influences Healthcare Sector?Wrapping Up

What Blockchain technology exactly is?

Blockchain technology, in simpler terms, refers to a distributed database enclosing a history of transactions and records.  When requested for a transaction, it asks all the peer-to-peer networks for validating the transaction. Once validation is done, it incorporates the transaction with existing ones to create a new set of data for the ledger. This way, it excludes the need for a middleman and ensures higher data security.

Blockchain technology is booming as an integral part of different business verticals, especially healthcare. According to a study conducted by IBM last year, 56% of the surveyed healthcare providers are likely to introduce blockchain solutions into their practices by 2020.

How Blockchain influences Healthcare Sector?

There are innumerable ways blockchain can revolutionize the healthcare industry – enhancing the processing and upgrading the security level. However, the major 5 changes the ‘technology for trust’ can bring in the healthcare and pharmacy sector are:

More Read

Image
Twitter: A Social Soundtrack for Medical Meetings
Healthcare’s New Imperative: Population Health Management
Beyond the Buzz: Doctors Who Blog – An Interview with Dr. Brian Stork
5 of the Coolest Healthcare Tech Initiatives of the Past Five Years
How Synoptic Reporting Supports Patient Outcomes Analysis

Effective Medical Research

Presently, there’s no method by which a doctor could access the data collected by clinical trials by a healthcare practitioner in another part of the world. However, this is possible with blockchain.

With ‘technology for trust’, the health care centers can store their collected data and records into a nationwide distributed ledger. This information can be made accessible to other doctors through a blockchain private key. By this information exchange process, they can learn from the trials made by other doctors and can drive better medical processes to deal with a critical medical condition.

In other words, they need not performing similar tests to understand the possible outcomes.

Better Patient Data Exchange

Likewise, the doctors can store patients records in secure ledgers which are made available to the patients via a blockchain private key. The patients can access and share their cryptographically secure reports with other medical organizations; enabling them to provide better solutions based on medical history.

In other words, Blockchain healthcare mobile applications make real-time patient health data exchange easier and reduce the risk of data reconciliation.

Secure Drug Supply

Blockchain technology is also making an effective involvement in the supply chain management industry. From developing a drug to delivering it to patients, blockchain can integrate the supply chain process and lower down the risk of fraud through smart contracts, transfer of assets and distributed ledgers.

For example, iSolve LLC is connecting various pharma organizations to introduce ADLT (Advanced Digital Ledger Technology) blockchain concept to mHealth apps for managing supply chain processes.

Seamless Billing and Payments Tracking

The National Health Care Anti-Fraud Association (NHCAA) disclosed that 3% of US’ healthcare spendings in 2011 was subjected to frauds. Various patients were exploited to unsafe and irrelevant medical procedures, while several legal insurance data was taken into practice for making fake claims.

However, with the help of blockchain-based applications and solutions, all the tests, reports, billing and payments can be tracked in real-time. As a result, there will be lesser risk of fraudulent cases; boosting trust between patients and medical professionals. Moreover, the technology can also help the patients understand the agreements and payments clearly and stay away from threats.

Higher Security

Just like any other industry, the healthcare industry is also encountering with data breaches day after day. They are losing their sensitive medical health records and facing the worst consequences.

One of the best ways to deal with these data breaches is Blockchain technology. According to the top-reputed companies, all the data are stored in connected blocks. For accessing or updating any particular block, one has to get approval from nearly half of the connected blocks, which means enhanced secured and lesser risk of malicious activities.

A perfect example of this kind of security is Prescrypt. It is a blockchain-based prototype that let patients have full control over their medical record. If anyone – may it be a medical professional – want to access the data, he/she has to request the patient for the same. Once the patient approves their request, then only they can have access to patient’s personal data. Blockchain is a powerful tool in the Healthcare industry. If you want to know more about how it can help, visit bitcoinsmarter.net today!

Wrapping Up

Blockchain technology shows promising future to the healthcare industry with secure data exchange, trackable billing and payments, and much more. It is prompting the healthcare organizations, tech innovators and all the related entities to understand the inside out of the technology and employ it for streamlining their processes. However, more research and experiments are required to put into practice for employing blockchain technology in the healthcare industry on a large scale.

TAGGED:blockchainpatient datapatient data security
Share This Article
Facebook Copy Link Print
Share
By Ria Katiyar
Follow:
Ria Katiyar is a very creative writer and active contributor who love to share informative news or updates on various topics and brings great information to his readers. Her priority is to cover up new technologies and techniques for her audience.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

technology in medical research
The Tools Helping Medical Researchers See the Full Picture
News Technology
August 3, 2025
5 Steps to a Promising Career as a Healthcare Administrator
5 Steps to a Promising Career as a Healthcare Administrator
Health
July 31, 2025
holistic dental
Holistic Dentist Services Are Natural and Safe
Dental health Specialties
July 28, 2025
botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025

You Might also Like

Physician Marketing Battles You’ll Never Win (and What to Do Instead)

April 27, 2016
Partnership With Patients
NewsSocial Media

The Partnership with Patients Agenda

August 29, 2012
Technology

High Tech Gadgets for the Elderly

May 31, 2018
Medical Devices

4 Common Medical Device Digital Marketing Mistakes

September 16, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?