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Blockchain In The Healthcare Industry Essay

1022 Words5 Pages

How Blockchain Will Transform Healthcare Industry It is common knowledge to most people that blockchain technology has found many applications in the financial sector. What many still don’t know is how the technology is being used to enhance operations in the healthcare industry. As more healthcare industry executives embrace the blockchain, you can expect to see the emergence of more ways to incorporate the tech in existing healthcare processes. We are at the initial stages of these evolving applications of the blockchain in healthcare, but few doubt the far-reaching implications of this move in the entire industry. Blockchain technology is set to transform how the healthcare industry operates. It will see the patient become the center of the entire healthcare industry ecosystem; will increase privacy, security and interoperability of all healthcare data. …show more content…

These professionals will also have access to an incredible amount of data that they can search through to better understand the changes taking place in the industry and their impact on the quality of the healthcare services they provide. Remote access to medical records Imagine you are in Switzerland on vacation and the skin condition you’ve been dealing with for some time begins to trouble you. Incorporating the blockchain will make it possible for you to walk into any hospital in Switzerland and be treated in line with your past medical history. The doctors there will have access to your medical historical medical data from your doctors back home. Consequently, they will be able to make better judgments regarding your skin condition and how best to treat it. Additionally, this quick access to medical records will also be quite cheap, thanks to blockchain technology. Managing of the drug supply

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