Below are five areas blockchain can transform in healthcare, according to Sanjay Das, founder of SD Global, and cited by Enterprise Innovation.
1. Drug traceability: With blockchain technology, healthcare organizations can time stamp transactions. Drug manufacturers can also achieve greater authority and access to various transactions.
2. Clinical trials: All the information about clinical trials can be securely stored on the blockchain, giving physicians and researchers with permission the ability to add/edit details. Blockchain can eliminate errors and improve data sharing.
3. Patient data: Using blockchain, physicians can create decentralized ledgers filled with patient data to streamline the processes of sharing information. Blockchain technology uses a single system so physicians to do have to search databases for the correct information.
4. Interoperability: With blockchain technology, health systems can bring all information together by connecting fragmented systems. In the long term, blockchain networks may be used for EHRs.
5. Information security: Because blockchain is traceable and transparent, it is regarded as being hyper-secure. All the data can be viewed and shared between those with access to the blockchain.
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