It is important that Blockchaintechnology can provide towards health care. Normally, healthcare data are collected in a centralized way which is customized as per the terms of health care provider and also their demands. This may make data storage fragmented. It additionally prevents the information from being regularly shared between operations.
This is often called interoperability. With these bottlenecks caused by sharing information, frustration can arise between patients, researchers, regulators, and service providers. One of the drawbacks of the modern healthcare industry is the lack of standardization in data storage and sharing.
These defects can be eliminated by this technology. This technology can be described as a fixed and immutable platform that records digital events that can be shared between peer groups as it forms a network of database systems. A decentralized approach to data storage provides a shared responsibility for all participants to ensure data security and integrity. A timestamp is used to authenticate system data changes. This is suitable for any type of health care practice. Every modification made by different users who are allowed to access or make changes to the data is recorded. Hence, accountability and transparency are the biggest assets of blockchain technology. Patients, as well as service providers, can access updated records of diagnostic tests, prescriptions, due bills, services provided, prescriptions, etc. This data can be viewed, shared and edited in real time. Thus, a more coordinated management approach can be adopted when implementing this technology.
It can provide organized access as well as help maintain privacy due to the existing privacy control features. There is sensitive data for the patient that needs to be accessed with care and privacy is an important issue. However, with features such as patient identification, user authentication, and patient approval, one can have more control over their medical records as well as prevent faulty errors like fraud, invoices, and incorrect claims. With a chain of confidence created, accountability across peer groups is improved.