Indian Health Services (blockchain)
Blockchain refers to the node of networks where new information is stored in blocks which can be easily and securely accessed from anywhere. The security, privacy, and interoperability make blockchain potentially perfect for storing and managing health data. Healthureum is one such startup that has announced bringing blockchain technology into the Indian Health services. India is considered one of the many countries where healthcare is substandard. The Estonian based start-up has big plans for revolutionizing the healthcare industry which is in dire need of more efficiency.
Blockchain helps handle huge amounts of data by storing them in blocks, which are linked and secured using cryptography. This and its easy interface makes it potentially suitable for storing of medical records. A lot of lives are lost every day due to the shortcomings of the present hospital software and the confusions created by it. This could be prevented if we had better systems capable of managing data. Healthureum aims at providing a platform that supports doctor consultation, referrals and diagnostics, research programs and data systematization. Of course, this means heavy digitization and more specialization, but this would definitely do more good than harm.
Population management, in both private and government hospitals, could greatly benefit from a cryptography network like blockchain. The majority of hospitals in Urban regions of the country are privately owned and operated. They are known to have much better facilities than the government counterparts and this has led to them charging really high amounts for their services. Blockchain would be the ultimate strategy that anyone could implement because this would facilitate all patient data stored in one network and all payments transparently processed across without any hassle.
This would also greatly help any governing body to keep track of all transactions because Blockchain leaves an audit trail of all transactions.
Cryptocurrency and cross-border payments
Implementing blockchain in hospital systems will not only allow better segregation of data but also provide a platform to facilitate payments for access to this data. Meaning you could have a video consultation with a health expert from another country and not have to worry about payment as Blockchain will facilitate payment across various countries without any hassle. It is nothing short of a breakthrough because it has opened the gates to a securely connected network which connects doctors and patients from all parts of the world.
The company also aims to develop Indian health services further by implanting cryptocurrencies like bitcoin into the mainstream. This will help prevent all kinds of malpractices and provide a more accurate functioning of hospitals.
Another reason why Blockchain networks are popular in the medical field is that of the transparency. Successful implementation would mean decentralizing the healthcare sector and providing more accessibility. This would help aid other technologies used in healthcare and further aid promoting healthcare in different barriers.
Although it is not a fully mature technology and several a nationwide blockchain network for storing electronic medical records could help a lot of patients.