Blockchain in Healthcare: An Overview

1. Blockchain in Healthcare: An Overview A leading blockchain app development company

2. What is Blockchain technology? • Blockchain is a peer-to-peer distributed ledger technology that helps obtain transparency and trust. • The three main components of Blockchain technology are a distributed network, a shared ledger, and digital transactions. • Blockchain presents a means for recording and verifying data in tamper-proof means that is public to all.

3. Healthcare- How does Blockchain fit in? Healthcare Blockchain collects information from various stakeholders and personal devices and sensors. Challenge 1: Fragmented data Blockchain Opportunity: • Decentralized storage for patient data • Shared data across all the network and nodes Challenge 2: Access to patient data Blockchain Opportunity: • Distributed and secure access to patient data across the healthcare system • Timely updates with shared data

4. Healthcare- How does Blockchain fit in? Challenge 3: System Interoperability Blockchain Opportunity: • Decentralized network of users • Enables transparency and authenticity Challenge 4: Cost-effectiveness Blockchain Opportunity: • Reduced transaction costs with smart contracts • Elimination of third parties, thereby reducing time lags

5. Blockchain Use-cases in Healthcare • Securing patient data • There are no standard procedures for patient data management among individuals. • Blockchain helps the users to share information across a single secure platform, requiring permissions to release. • Reducing costs • There are a number of stakeholders involved in the Healthcare industry while making transactions. • Blockchain removes third parties by making smart contracts and digital transactions that are tamper-proof and shared across entire Blockchain networks.

6. Blockchain Use-cases in Healthcare • Drug traceability • Counterfeiting is a major issue in the pharma supply chain. 30-40 percent of the drugs sold in developing countries are counterfeit posing serious health issues. • Blockchain provides security in the process by making the entire supply chain visible. • Clinical trials • The data produced from the trials is passed through many hands reducing the standardization of the data. • Blockchain in the pharma industry provides proof of existence and verification of trial data and allows secure data sharing among research scholars.

7. Conclusion • The Healthcare industry is a complex network of various systems that has many interconnected entities. • Considering Blockchain’s capabilities, it is one of the most secure and reliable technology for the Healthcare industry. • Blockchain’sopportunities in patient-data portability, interoperability, and administration can provide answers to various challenges in the Healthcare industry.

8. Why Debut Infotech? • Debut Infotech is a reputed app development organization having a rich talented pool of Blockchain app developers. • Here are a few reasons why you should hire us for your Blockchain app development for the healthcare industry: • Best-in-class technologies • 24/7 technical support • Proficient team of developers • Paramount engagement model

9. Thanks You For more info contact us via Mail: info@debutinfotech.com Call: 1-703-537-5009