how does this technology benefit health?

Blockchain and health, there are now several cases of using this innovative technology in medicine. However, its use is impaired by a number of shortcomings.

Blockchain and health are incompatible at first glance. However, this technology can still be used to solve many health care problems. In fact, it recognizes the importance of the blockchain in trade and investment. It also allows to be sure ang transactions different. In this file, we will focus on its participation in improving health in general. Thus, we will mention the use cases of the health blockchain, and define the extent to which it forms a health lever/brake.

How useful is the blockchain in healthcare?

Nothing is more secure than blockchain technology. A data manipulation constitutes a block that records all the information associated with the manipulation. What does tracking easier than ever. This technology is also important for securing patients, among other things.

In fact, storing, sharing and verifying data is increasingly difficult. Access to patient records is more difficult for doctors than hackers. Furthermore, the false won the pharmaceutical industry without tracing their origin. All of this hinders data management.

This technology was introduced to remedy this. This specifically makes it possible to manage care -related data through the use of cryptography. In addition, the blockchain also accesses data security and transactions in this area such as funding clinical trials and various research. It is estimated that blockchain usage will increase significantly in a few years (up to 55.86 billion dollars in 2026).

Blockchain healthcare use cases

Applications of blockchain technology continue to rise in healthcare. We limit ourselves to providing 5 of them, including supply, accreditation, data security, payment and health insurance.

Blockchain Technology and Healthcare Provisioning

In the United States, the DEA or Drug Enforcement Administration registered more than 9.5 million counterfeit drugs in 2021. A total that is down compared to previous years. This reflects the abundance of counterfeiting in the pharmaceutical industry. This prosperity is even higher in developing countries (1% in developed countries versus 10% in developing countries).

The blockchain is one of the best ways to solve this problem. In fact, it allows ability to monitor of all products, from their manufacture to their shipping. To do this, a source register is created for each medicine at medical equipment. The register may also include other details such as various costs and the waste caused by labor.

Blockpharma is one of the solutions used for this purpose. Based in Paris, Blockpharma works by scanning the drug supply chain, on prescription so far. It allows you to record a lot of information including the manufacturer and the expiration date, among others. It is the source of some seizures of counterfeit drugs in the world (up to 15%).

On medical accreditation

Counterfeiting of medicines and medical equipment is not the only problem in the health sector. Accreditation can also suffer from this problem, especially since the validation various skills and titles remain a tedious process. It can take months and millions to get the necessary information.

With blockchain technology, we’re sure to get it information reliable, timely, and in real time. This offers caregivers the possibility to check the veracity of the information provided. Thus, the blockchain makes it possible to verify the identity of the healthcare professional and their practices. The process of recruitment therefore transparent and fast; a lesser concern for health care organizations and patients.

The start of accreditation ArchiveCore offers the possibility of verification of accreditation documents when it comes to primary sources. The two founders aim to shorten the background review process for new hires in a health care organization. This is to reduce recruitment costs.

The blockchain to secure patient records

Ang data leakage causing huge losses in some areas. Health is not excluded. In recent years, many patients have found themselves stripped of their medical information. Such leaks occur primarily during exchanges.

Blockchain technology provides a solution by offering a overview patient records and management shared data. The French government, for example, has set up a Health Data Hub for this purpose. This way, patients remain aware of everything about their files, whether it’s a search or any result. It is therefore up to them to carry out and control the sharing, in whole or in part, of their data with their doctors or their insurer.

MedicalChain is software that provides electronic medical records to providers. This tool is also used for other purposes such as virtual consultations and data sales.

To develop and fund clinical trials

Health progress cannot be achieved without the use of clinical trials. However, a single clinical trial involves a large number of participants. We can mention investors, physicians, manufacturers of medicines and healthcare equipment as well as study subjects. In this long process, themistake is inevitable, such as deliberate misconduct.

With the integration of blockchain technology, the process becomes more transparent, thus blocking any attempt at tampering. Also, the tests will be timestamped and the relevant documents will be stored with maximum security.

However, the blockchain greatly contributes to the development of the health sector by facilitating the way funding of these clinical trials. This way, investors can provide the funds directly, no mediator. This is the same during the reward in the area of ​​concern only after their success.

The blockchain and the smart contract

The health insurance sector is also subject to many denial cases. If non -compliance with contractual conditions reaches 10% of denials, the problem associated with information reaches 17%. The blockchain makes it possible to remedy this problem with health insurance through smart contract.

A smart contract is shown by a coded in a blockchain intended for a auto run once the required conditions are met. This approach eliminates intermediaries while minimizing the costs incurred by constitutional files. For this, all patient information must be recorded in the blockchain ledger.

Blockchain and health: pros and cons

In view of the various application cases, the blockchain offers many advantages to the health sector. However, it is not free of shortcomings.

Blockchain Health Benefits

The advantages of the blockchain in terms of health are many. First, it simplifies the decision -making of the medical profession by providing information in real time. Blockchain is also an effective way to to be sure the organization of medical data. This avoids any form of falsification in addition to speed access to medical accreditation.

Furthermore, blockchain technology helps patients in many ways such asallocation of their medical data and the secure storage of this data on mobile devices. Patients can freely collect data related to their own health. They can also participate in research through funding there is no intermediary through cryptographic currency.

As for the pharmaceutical industry, the blockchain is an effective weapon for trace and detection of counterfeit drugs that are harmful to health. It also improves the recruitment of patients who meet the required criteria for clinical trials. In addition, this technology makes it possible to keep files associated with clinical trials, documentation, results, etc.

Blockchain is also involved in health insurance because it enables the management of agreements between the insurer and the insured. We are talking about here smart contract. Blockchain is also an effective tool for getting confirmation in a timely manner.

Disadvantages of Blockchain

Despite these many advantages, the blockchain is not flawless. We found some disadvantages residing specifically in the level of the number of blocks created. First, the blockchain is at the source of delays because the transaction time increases proportionally to the number of blocks. It delays certain actions (clinical trials, payment, etc.).

Second, we do not know that such technology does not allow permanent deletion of information. On the contrary, it creates more and more blocks to override information that already exists. Also, there is great difficulty in managing data when a patient’s records are very large. This is, for example, the case during the MRI examination.

Finally, the blockchain leads to cost high in planning. The same goes for maintenance and development. However, these flaws have not stopped blockchain technology from shedding light on healthcare. Today, it is widely used on many levels.

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