The industry is one of the most proactive and excited about switching to a blockchain healthcare system, with over a quarter of stakeholders surveyed by the research company Deloitte disclosing an investment of over $5 million or more into the space. Such statistic spells the obvious. The future of healthcare will be all about efficient data processing and sharing, bringing about a new era for one of the most promising blockchain use cases yet. Mainstream digitization of records in the previous decade has solved accessibility problems, heralded opportunity for analysing medical trends and assessing the quality of care.
However, these processes are still flawed by mass isolation of locally centralized data which leaves the information prey to profit-seeking companies and stunts research. Transitioning to a blockchain healthcare system would cut costs and improve security, privacy and interoperability of health data, by introducing a new model of health information exchanges to generate clearer health insights and ensure better results for patients.
The blockchain healthcare use cases increase even more if we consider smart contracts which they could be employed on a healthcare-focused ledger in order to easily process surgery receipts between the hospital, patient and the insurance provider.
In a similar way, a ledger can also be used for supervising drug intake and distribution, regulation compliance or managing healthcare supplies. For example, an individual patient could interact with a specific blockchain healthcare platform in order to easily view all of their claims, medical history, transactions, as well as overdue payments. Alternatively, they can also use a blockchain in order to apply for transfers or schedule appointments with their immediate medical staff, which are activated by smart contracts as soon as payment is processed and doctor confirms availability.
We have discussed how the healthcare industry and our increasing reliance on everyday healthcare and fitness hardware can benefit blockchain use cases. But what about the progression of health sciences themselves? Just like other areas of science, progress within health treatment depends on breakthrough research developing new clinical studies, disease prevention, or technology to help treat patients. With financing opportunities centralized and often scarce, many promising studies fall by the wayside and go unexplored. It is reasonable to predict researchers being able to create their own tokens, or participate in a research-based blockchain healthcare ledger to fund their studies. By interacting with said ledger, donors would be enticed by not only having one central place to pick and choose from their areas of interest, but also they could potentially be able to access real-time research data and benefit from a crowdfunding-esque micropayment donation system. On another hand, the nature of the ledger would also minimize the chance of academic fraud and of duplication of work.
Using EOS is a blockchain technology basically like Ethereum, especially for Health care sectors, the solution of ERC-20 compatible tokens will implement in EOS that will not demand users to pay for every transaction. Faster than Ethereum blockchain, EOS has Parallel Processing: The ability to do things in parallel, faster transaction speeds and more scalability.
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