Blockchain use cases

Healthcare

Healthcare

The global blockchain technology in the healthcare market size was valued at USD 1.19 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 68.1% from 2022 to 2030. Many healthcare and blockchain firms are now developing or have already produced blockchain-based systems to improve healthcare for both professionals and patients. By tracking medications, decentralizing patient health records, and improving payment options, blockchain is becoming an effective tool for healthcare that is altering the industry globally.

UseCase

Health Data

Everyone is weary of giving the same medical exams or writing down their medical history repeatedly when they see a new doctor. Such dreadful incidents bring to light some of the issues facing the healthcare sector. Unfortunately, there are not many effective options.

Laws like the Health Insurance Portability and Accountability Act (HIPAA), which permit the centralization of health records but forbid the exchange of said data, are a significant problem. Those supporting patients (e.g., doctors, emergency medical service personnel, researchers) cannot offer top-notch care without having a thorough understanding of a patient’s health situation due to frequently limited access to their private records.

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Problem

Everyone is weary of giving the same medical exams or writing down their medical history repeatedly when they see a new doctor. Such dreadful incidents bring to light some of the issues facing the healthcare sector. Unfortunately, there are not many effective options.

Laws like the Health Insurance Portability and Accountability Act (HIPAA), which permit the centralization of health records but forbid the exchange of said data, are a significant problem. Those supporting patients (e.g., doctors, emergency medical service personnel, researchers) cannot offer top-notch care without having a thorough understanding of a patient’s health situation due to frequently limited access to their private records.

Solution

A decentralized healthcare information ecosystem built on blockchain technology for patients, healthcare providers, and researchers, blockchain platforms can help us operate according to an open-source protocol. It can track and record everything related to your healthcare, including doctor visits and record updates, thanks to its blockchain platform.

Patients can receive dependable, quick care by compiling all of their medical information into one clear format, and they can be given control over how their records are distributed.

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UseCases

Counterfeit Prevention

The modern healthcare systems record and manage patient data using centralized platforms. These might not be as secure and might include false information.

There have been many instances of data breaches in hospitals when records of genomic testing and credit card information on patients were taken. In actuality, data breaches between 2009 and 2017 affected nearly 176 million patient records.

Additionally, the existing condition of patient data communication across hospitals is a complete disaster. Patients frequently decide to switch hospitals. They are occasionally admitted to hospitals in a separate network due to crises.

They now have to construct a new medical record, which is a loss of time and money, because the present system does not allow for quick and easy interchange of patient records from their primary care provider.

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Problem

The modern healthcare systems record and manage patient data using centralized platforms. These might not be as secure and might include false information.

There have been many instances of data breaches in hospitals when records of genomic testing and credit card information on patients were taken. In actuality, data breaches between 2009 and 2017 affected nearly 176 million patient records.

Additionally, the existing condition of patient data communication across hospitals is a complete disaster. Patients frequently decide to switch hospitals. They are occasionally admitted to hospitals in a separate network due to crises.

They now have to construct a new medical record, which is a loss of time and money, because the present system does not allow for quick and easy interchange of patient records from their primary care provider.

Solution

A decentralized, open, and accessible patient data log that is accessible to all hospitals can be made with the aid of blockchain technology. Additionally, there is no possibility to manipulate the data, which completely solves the issue of interhospital communication.

Security follows next. Blockchain technology is open and transparent, but it may also help you protect your sensitive data by masking your identity using secure codes. You will only be able to access the information if and when you supply a private key.

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UseCases

Documentation

The pharmaceutical industry has a paper problem. Every single pharmaceutical box must include a printed insert with technical information and dosing instructions that may be several feet long. Some patients simply throw it away, while others read it over and put it in a drawer. The entire drug supply chain may experience significant difficulties if a recall results from these unpleasant printouts being outdated or wrong.

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Problem

The pharmaceutical industry has a paper problem. Every single pharmaceutical box must include a printed insert with technical information and dosing instructions that may be several feet long. Some patients simply throw it away, while others read it over and put it in a drawer. The entire drug supply chain may experience significant difficulties if a recall results from these unpleasant printouts being outdated or wrong.

Solution

The data matrix, which uses blockchain technology to resemble a QR code, is a group of black and white dots that contains information, including the serial number. After identifying the manufacturer, the scan sends a request for the most recent digital booklet for that specific medication. This will help to generate a comprehensive industry digitization methodology and document it in a manual for small, medium, and large industry players and provide a set of new patients’ engagement processes for the supply and consumption of health data.

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UseCases

Tracking Drug Custody

Tracking expensive, commercially accessible medications from the loading dock to the patient is a major concern. Huge shipments of medications are delivered to health systems, and they first need to be able to confirm that the expensive but life-saving medications are real. Pharma firms also don’t want to be required to reveal all of the serial numbers for these drugs.

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Problem

Tracking expensive, commercially accessible medications from the loading dock to the patient is a major concern. Huge shipments of medications are delivered to health systems, and they first need to be able to confirm that the expensive but life-saving medications are real. Pharma firms also don’t want to be required to reveal all of the serial numbers for these drugs.

Solution

In what is referred to as machine-to-machine contact, Blockchain can offer a safe means for hospitals and pharmaceutical companies to communicate with one another without disclosing private information.

 

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UseCases

Redundancy

When there is a shortage of supplies, many customers are buying goods and services. This has made vetting and onboarding new suppliers extremely difficult.

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Problem

When there is a shortage of supplies, many customers are buying goods and services. This has made vetting and onboarding new suppliers extremely difficult.

Solution

Blockchain offers a well protected platform and cross-industry network to speed onboarding and reduce risk. Suppliers can control access to their specific digital identity with the help of the cryptographic security provided by a blockchain.

On the profiles of related suppliers, you can also view a chronology of all the interactions this supplier has had with the customer. Writing this data to the blockchain may result in the creation of an immutable record of all events involving this supplier, which is fantastic for allowing auditing capabilities.

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