Can Blockchain Technology Redefine Healthcare?
Summary
It’s found in applications used for reducing errors for equity swaps, and helping people verify claims to land in developing countries.The government’s MedRec paper explores how the blockchain can be used to decentralize storage of data and make it cheaper to maintain, easier to access, and more secure.This decentralized record can only be accessed by authorised medical institutions, such as treatment centers like Clear Sky Recovery or their patients and insurers.Vital statistics such as heart rate and insulin levels can be measured and stored on the blockchain so that medical professionals and nearby hospitals can be instantly alerted if a patient’s health deteriorates.The network could also ensure the Medicaid program is not being abused and the money and benefits are being efficiently directed to eligible citizens.