Problems of the Healthcare industry
The healthcare system can hardly be called a system. Rather it is a dizzying array of highly decentralized sectors. Systems within the healthcare sector do not communicate and link to each other, causing confusions and management difficulties.
Poor attention to patient needs is the biggest problem. Patients with critical health conditions or are more well-off often receive prioritized aftercare, while a large number of elders, children and poor citizens receive little to no attention after hospital visits. The reasons could be discrimination, or inadequate infrastructure where patient records are left untracked. This can also cause the patient to be rejected for medical care when they move locations.
Another problem is the inability to handle increasingly complex science base. Doctors can no longer depend on traditional training and memory to diagnose patients. With new knowledge emerging every second, it is important for the healthcare industry to secure a private database of their own.
How is Blockchain going to help?
Applications of Blockchain in Healthcare
Supply Chain Transparency
Patient-centric Medical Records
Cloud-based Backup Storage
Time-effective Symptom Tracking
Medical Staff Smart Verification
Smart Insurance Contracts
The difference between a public and private Blockchain
Public Blockchains like Bitcoin, Ethereum,… are open for all. Moreover, a reward in the form of an incentive is provided to all the participants who take part in the platform. However, as public Blockchains implement a consensus mechanism, it cannot handle a huge number of transactions at the same time at lightning speed, which is crucial for the healthcare industry. Plus, public Blockchains are exactly what they’re called – public in nature. A healthcare provider needs a private Blockchain for sensitive patient data as well as other crucial private information.
A private Blockchain can optimize productivity, speed and security. Any party can join a public Blockchain, but this is not the case for a private Blockchain. Users are restricted from entering into the network even though they have the capability of going through an agreement. Participants are only allowed if they aren’t new to the Blockchain ecosystem and their control can be administered. Networks can be preserved as soon as any company has entered it. Business firms upon entering into a private blockchain benefit from increased confidentiality.
Why do you need Blockchain development outsourcing?
Outsourcing gives you full-cycle Blockchain development at a reasonable pricing and full customization. Instead of re-training your developers to build a Blockchain project, you can assemble a team of experts worldwide, from senior developers to business analysts and digital marketing experts.
Having started as an IT company in app and website development, we know exactly what it takes to deliver quality technology projects. As Blockchain technology develops, our company founders created Agile Blockchain Lab, with the vision to become the leading company in proprietary Blockchain development. We also like to share industry experiences and knowledge, aiming to become the home of talented individuals and powerful teams worldwide.
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