Blockchain in healthcare

Endy Callahan

Blockchain is a very flexible tool that can do so much more than just verification of financial transactions. It may even change the way we treat our health. Let’s explore how blockchain can help improve and maintain well-being.

The term blockchain has been a hot topic for a while now and yet it still in the grey area for many people. Blockchain is an advanced way of entering, processing and transferring information.Thanks to it, you can store information in a transparent form, ensuring its immutability. You can learn more about blockchain technologies in the article " What is blockchain?”.

The use of the blockchain in medicine 

Most often, blockchain technology revolutionized cryptocurrencies and the banking sector, however, it is just a small part of what it is capable of.The system can be extremely useful for medicine and health protection.

Blockchain can be compared to a medical ledger, the record in which is made by analogy with the block. You can't retroactively change the date. As a result, all records of disease detection and treatment are recorded in chronological order. The database is available only to the doctor and the patient, and you can access it only by using a private key. For a third party (for example, another specialist) to gain access, the doctor or patient must provide them with their code. This is the easiest way to use blockchain in medicine.

The decentralized record-keeping system will give back control of the records back to the patients. As of now, many people are not aware of the state of their records or the changes made. The patient should have access and ability to share his records at all times.

Other uses of blockchain in medicine

The implementation of blockchain will get rid of the lack of a unified information storage system. This lack of it is extremely dangerous for the patients, especially patients abroad.

A number of firms have successfully learned to solve problems through blockchain. For example, the American company SimplyVitalHealth created the ConnectingCare service, that helps different clinics to share patient's information. The developer is constantly expanding his system.

The algorithms provide recommendations that help improve the efficiency of different health facilities. This allows simplifying the treatment of patients and gives benefits for clinics. The latter receive a reward for implementing the system. Moreover, in the framework of SimplyVitalHealth developed a fork of Ethereum, called Health Nexus. This Protocol is designed to meet health needs.

IBM Watson Healthcare has announced the launch of research on the use of blockchain to share personal information of patients who suffer from cancer.

Blockchain technology has already given a lot to medicine and healthcare. It ensures the confidentiality of stored information and its provision only to those persons chosen by the patient. Blockchain helps to establish better cooperation with clinics, which will benefit both the patient and the medical institution. Today, many projects are implemented on smart-contracts. Perhaps you will be able to appreciate their convenience in practice!