Blockchain application in health sector and practical benefits

E-GROUPS Vietnam invites readers to learn the article "Application of Blockchain in the health sector allows file encryption and case processing faster" Health is wealth. For the healthcare industry, there is probably no better way to establish value for all stakeholders than to ensure prompt and prompt access to information that may be useful in treating the disease. and manage the patient's overall health. Ensuring the value of health care stakeholders has become a concern for the health sector, with access and transparency of data to help bring better health outcomes for the health sector. patient and is a useful tool for health care professionals.

Why is data so important in the healthcare industry?

For doctors and medical providers, prompt and timely access to medical history and diagnostics can support accurate and timely treatment. For insurance providers, this means better management of premiums, as well as timely payments to health care providers. For patients, this means better access to medical care. HealthIT.gov cites many benefits of health care records, including more effective patient care, more reliable prescriptions, and a better work life balance for care providers. health. And a greater benefit when processing and managing data for the healthcare industry is to be able to detect and prevent large-scale health problems before they have a major impact. However, Archiving and managing EHRs is not as simple as it looks. Due to its individual nature, medical records are very sensitive and therefore the processing of such records will require a lot of care. This is why HIPAA - the Accountability and Health Insurance Liability Act - and other similar laws have been established long ago. Among other provisions, this special law sets standards for the management and storage of medical data, with a focus on confidentiality and accessibility.

The risks may be encountered

The risk mentioned here is the loss and theft of archived records. According to a Dell whitepaper, in many cases, data breaches happen by accident within an organization - 72% of employees are willing to share confidential or regulatory information. Not all have bad intentions, because some simply try to do their job. In some cases, employees don't even know they're a security risk - by connecting to insecure networks, using company-provided devices for personal social networks, using public cloud services for transmitting sensitive information, etc.However, in some cases, employees intentionally steal information for a number of reasons (such as people who have a grudge against users. current or former employer. Either way, Such EHRs and other data are often sold on the dark web (the online black market or the network of the active network) and the value is often in very specific personal information and can often be used. used for many types of scams. A simple example: identity theft; With the abundance of information about unverified EHRs, a killer can easily copy a person's identity for various nefarious purposes. The handling of such data breaches in the healthcare sector is worth $ 6.2 billion annually, in the form of forensics, lawsuits, lost revenue, settlement fines, and reduced brand reputation. effect, ... A simple example: identity theft; With the abundance of information about unverified EHRs, a killer can easily copy a person's identity for various nefarious purposes. The handling of such data breaches in the healthcare sector is worth $ 6.2 billion annually, in the form of forensics, lawsuits, lost revenue, settlement fines, and reduced brand reputation. effect, ... A simple example: identity theft; With the abundance of information about unverified EHRs, a killer can easily copy a person's identity for various nefarious purposes. The handling of such data breaches in the healthcare sector is worth $ 6.2 billion annually, in the form of forensics, lawsuits, lost revenue, settlement fines, and reduced brand reputation. effect, ...

Proactive information storage with Blockchain technology

Therefore, a more proactive means of protecting patient data is necessary for any organization that manages health care data - be it a hospital, insurance provider or other company. For example, we have a customer who is interested in deploying their hospital records on Blockchain Datum, thus taking advantage of the high security, immutability and lightning speed of our technology.

This comes with a double benefit. First, uploading data on Blockchain will ensure data retention on a network of decentralized nodes. All of this is encrypted using AES256-GCM with a key size of 256 bits for each 128 bit block, ensuring data integrity.

In addition, the decentralized nature of Blockchain means that there is no single point of failure that can lead to data loss. Secondly, storing data on Blockchain allows stakeholders to participate in the data market - this means the ability to provide controlled access to information to authorized parties, such as houses. insurance providers and other health care providers. Such access also comes with granularity - that is, stakeholders can choose specific data to share.

In addition, the near-instant handling of decentralized ledger means that insurance companies have quicker access to the information they need, and with the benefit of healthcare organizations guaranteed Make sure that the visitor is authenticated. The most important point here is that with better security, both healthcare organizations and individual patients can expect greater efficiency, better value and greater peace of mind.

Blockchain pilot projects on health

As of 2018, many of the world's leading health organizations have been experimenting with Blockchain technology in pilot projects.

Declaware US health organization: Undertakes Blockchain technology pilot project, focusing on authorization process for health care providers and health insurance companies.

UnitedHealth Group and Humana: Two competitors in the field of Mediacare are seeking ways to "cure" inaccurate user information with the "medicine" Blockchain. These two major health insurance companies are starting a pilot program to apply Blockchain decentralization to the current, messy, inaccurate user information block. This is an extremely smart and timely move when CMS (Center for Medicare and Medicaid Services) is conducting a review of penalties for insurance companies up to $ 25,000 / day for the discrepancy in user information.

Change Healthcare Organization: Launched the first Blockchain network model in the field of healthcare, called Intelligent Healthcare Network. With the processing of 550 transactions per second, this technology provides solutions to all outstanding issues in the health sector today: Improve transparency and efficiency in health work; Handling administrative transactions, controlling revenue and payment status, avoiding losses for health care organizations.

Medicalchain and Patientory: The two leading providers of Blockchain solutions for the healthcare industry, aiming to help patients control health information closely, manage health care better thanks to Blockchain.

Contact information

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