Published
January 02, 2019
Category
Marketing / Media
client
axonsoft services users
Healthcare Blockchain Development
How Healthcare Companies Can Utilize Blockchain Technology
Blockchain, a peer-to-peer distributed ledger technology, has taken the world by storm with its revolutionary data management and easier online transaction facilities. Blockchain holds considerable promise for overcoming security, privacy and interoperability issues related to sharing of clinical and patient data in the healthcare industry. The current healthcare infrastructure is inadequate to handle information exchange, and blockchain can help the industry to create new business models that can streamline medical records and enable their sharing in a secured way. axonsoft can help you take maximum advantage of this disruptive technology with our cost-effective and innovative blockchain development services for the healthcare industry.
Evolutionary changes
To bring evolutionary changes has been an underlying concept of all businesses, and the healthcare companies need to do this with an inimitable urgency. Biotech companies, pharmaceutical enterprises, hospitals, healthcare service providers, and all stakeholders are required to provide patient-centric care with greater transparency, security and privacy. To bring this concept an absolute reality, it is essential to remove the middlemen, and this is where Blockchain comes into the picture. It has the capability to transform core healthcare industry processes such medical records management, consent management, authentication and payment systems. Automation of all industry operations on a blockchain platform could ensure data integrity, increase efficiency and lower administration costs. So in a nutshell, blockchain can propel innovation in patient care and community-based healthcare models.
Blockchain is immutable and cryptographically secured with private keys. It provides secured connectivity and greater transparency through smart contracts and authorization to access all health information. With better access to patient data and medical records, healthcare organizations can accurately diagnose diseases, provide effective treatments, and deliver cost-effective care. axonsoft has abilities as leading blockchain development service provider in India by supporting many start-ups, SMBs, and large enterprises in the healthcare sector to unlock the true value of blockchain technology with our blockchain, smart contract and decentralized application development services.
Blockchain Can Transform These Areas of Healthcare Ecosystem
Medical Records Management
Hospitals, practitioners and clinics all use different electronic records systems but the data lie scattered in different systems. Blockchain can decentralize all medical records, store and share patient data without compromising integrity, control and security while improving accuracy and lower costs.
Drug Supply Chain Management
Blockchain’s advanced features will make it possible to track drugs, from the manufacturing process to delivery and their sales to end consumer. Blockchain tracking system can improve the efficiency of delivering a safe medicine to customers, manufacturing drugs, and managing drug inventories.
Health Care Payment Management
The payments in healthcare sector can be improved through proper use of Blockchain based distributed ledger technologies. Blockchain wallets can be used to eliminate duplicate paperwork associated with insurance billing, high administrative costs and other inefficiencies related to service payments.
Patient Identity & Clinical Trials
Clinical trials and their complex data require a secure, decentralized ledger to improve patient safety and provide accurate results from patient studies. A blockchain-based system, such as biometric system, can be developed for digital identity management and giving users complete control over data privacy.
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