October 1, 2022

Blockchain And Its Applications In Healthcare

In the healthcare field, where the security and privacy of patient information are paramount, blockchain technology could prove an effective solution to improving how valuable data gets stored. 

What Does "Blockchain" Mean?

It's a unique kind of database—a collection of information stored digitally. The storage structure of blockchain databases is the main difference between it and other database technologies. 

Blockchain databases are decentralized for tailored clinical experiences, which means they can link information from across the world. If a hospital has multiple branches in different locations, an employee from one hospital can log information, and another employee at another location can then access that information. 

All the information gets stored in a connected chain that people can view from anywhere, as long as they have access.

Wait, you might ask—doesn't that sound dangerous? Fortunately, blockchain databases are known for being secure. You can't edit information from blockchain databases without overwhelming approval from all users. 

If a hacker did edit information, their edits would get discarded for not matching everyone else's copy of the database.

The Benefits and Downsides of Blockchain Technology

There are plenty of blockchain opportunities and applications in healthcare. Blockchain databases can prove highly beneficial in healthcare settings, especially when managing and protecting electronic medical record (EMR) data.

As long as people use blockchain technology carefully and correctly, hospitals will see numerous benefits. These benefits include faster and cheaper data management, data security, and the seamless transfer of information in case of provider switches.