Blockchain is a digital ledger that is distributed across a network of computers. It is a database that is decentralized, meaning it is not under the control of a single company or government. This makes it more secure than a centralized database, which can be hacked and whose records are centralized. Blockchain is most commonly associated with cryptocurrencies like Bitcoin, but it can be used to store anything of value, like medical records or legal documents
How Blockchain helps with the current healthcare crisis?
Problem: Healthcare is one of the most important industries in the world, and the current system is unsustainable. In the United States, more than twice as many people die from medical errors as from gun violence. The United States spends nearly twice as much on healthcare as every other country, yet our health outcomes are worse than those of many developing nations. The current system is broken and needs to be fixed.
Solutions: Blockchain technology can be used to build trust in the healthcare ecosystem by recording medical data in a secure, decentralized way. This will allow patients to store their medical records on the blockchain and verify the authenticity of those records with their caregivers. This will help patients build greater trust in their healthcare providers and will also enable them to share their personal medical data with other patients in a more secure way. It will also enable patients to connect their medical devices to the blockchain, which will allow them to monitor and control their medical devices from a smartphone app or computer terminal.
One of the biggest problems with the healthcare industry is the lack of trust among patients and doctors. Blockchain can help to build trust in the Internet of Things by creating a transparent and secure record of medical devices and data. This will allow patients to access their own medical data from anywhere in the world and share it with their doctors. Doctors will also be able to access data about the patients they see in real-time, which will improve the quality of care and reduce medical errors. **
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