The Business APAC Healthcare Elites of 2019​ Final File_Healthcare Elites | Page 22

ARRIVALS
Blockchain
in the
?
Healthcare Sector:
Can it solve the key problems of healthcare systems
D
ue to innovative technologies, various industries
are evolving and changing the ways of human life.
But when we talk about the healthcare industry, the
necessities of groundbreaking technologies upsurge to a
whole new level. Presently, many healthcare facilities still
rely on outdated systems to keep patient records. These
systems have the ability to keep patient data records at a
confined location. Hence, analyzing the disease became a
difficult and time-consuming task for the doctor. Due to the
scarcity of smooth process management of multiple users in
the system, the conventional tech is insufficient to handle
information exchange and requires some major changes.
Introduction of the blockchain technology in healthcare has
the ability to bring reliability in handling such information
and improve healthcare data handling. Likewise,
redesigning the enterprise architecture to incorporate
blockchain in healthcare and life science organizations can
revolutionize the way patients are treated.
Moreover, it empowers better sharing of insights into
clinical operations which, thus, would encourage clinical
preliminaries and treatments for any uncommon sickness.
Here are some of the key benefits of utilizing blockchain in
healthcare systems:
1. Safekeeping of data in clinical trials
Clinical trials are used to determine the efficiency of
particular drugs which cure specific diseases. On the basis
of a hypothesis, the proposed drugs can be tested and
implemented on a larger scale if the trial is successful. On
the other hand, researchers obtain and record a lot of
information about statistics, test results, quality reports, etc.
throughout clinical trials. Then these data can be easily
modified or hidden to change the entire result of the
research that being carried out. Additionally, criminals are
interested in these results so that they can harm human life.
To overcome this issue, researchers can use blockchain
technology to record the clinical trials that are safe,
unbiased, and transparent. In addition, this technology
permits users to demonstrate the authenticity of any
document in the system that is registered. It provides proof
of existence by adding data in the transaction form and
validates all system nodes with the information.
Envisioning blockchain in healthcare management
The current backlogs of the existing healthcare system can
be overcome by implementing the blockchain. Currently,
healthcare data is recorded in individual databases held by
organizations or networks i.e. large amounts of patient data
is captured, but not shared. In this case, the blockchain is a
secure, reliable way to share patient information between
providers.
2. Elimination of frauds and use of cryptocurrencies as a
payment method
Today, pharmacological establishments offer blockchain
platform to share and convey medicinal services records in
return for access to anonymized analytical information. The
data mined could be contributing to identifying and refining
new treatments for any disease. Apart from that, it bids the
highest safety and transparency while allowing doctors to
find more time to spend on patient care and their treatment.
March 2019
In a model world, the back-end of healthcare would be able
to track a patient through the arrays of care and ingress the
needed information when it is required. In order to do that,
it requires a unique patient identification number to track a
patient through the system and log patient’s transactions. To
avoid any duplication processes, the blockchain system that
can track where a patient is and what procedures or tests
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