Insights Success The 10 Best E-Healthcare Solution Provider Compani | Page 24

Upcoming Developments
l ckchain:
A Cure for Healthcare IT Problems
B
lockchain is one of the most significant
technologies since the internet. Government and
states, locally and globally, have started to explore
the Blockchain technology for rationalizing back-office
paper trails and business operations. It has been at the
center of media attention largely due to Bitcoin, an
upcoming digital currency that uses blockchain technology.
Blockchain technology is particularly helpful to streamline
processes, minimize fraud, lower operational costs,
eliminate duplication of work and generate new ways to
integrate in a sharing-based economy.
Simply put, blockchain is a distributed, absolute ledger or
database that stores records known as blocks, which further
stores various kinds of information. These blocks, which
collectively form a “blockchain,” are stored on various
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storage devices, which ensure that no single person or entity
can manipulate the ledger or database without everyone else
knowing.
While blockchain is being considered for many uses, its
potential to revolutionize healthcare is apparent. Having an
open blockchain for medical data can prove useful as most
healthcare data is now segregated amongst different
providers, who often use different database systems. These
systems often have crucial information which is scattered
and inaccessible. Such a scenario can prove to be dangerous
in an industry where even a few extra seconds or minutes
can make a difference. Blockchain systems built for
healthcare can make important healthcare-related data more
easily accessible leading to a better and faster treatment.
December 2017