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Blockchain applications in the medical field

In global integration, businesses and young entrepreneurs are always innovating and creating to find ways to apply the development of science and technology in the fields of serving people. In particular, blockchain has received a certain amount of attention when bringing many positive changes.

What is Blockchain?

Blockchain has the role of an immutable electronic book to store and transmit information transparently, facilitate the process of recording transactions and track assets (tangible or intangible) in a certain network.

Almost valuable things can be tracked and transacted on the blockchain network, reducing risk, fighting fraud, and cutting costs for all participants. At its core, a blockchain can be used to record information about cryptocurrency transactions, ownership of non-fungible assets (NFTs), supply chain development, or smart contracts.

How has blockchain changed healthcare?

The medical field has always been a top priority for development. The outstanding achievements of technology have made great contributions to public health. Blockchain is transforming traditional healthcare practices into a more reliable means of effective diagnosis and treatment through safe and secure data sharing. Blockchain technology has created a major turning point for the global healthcare industry with many positive applications:

Electronic health record (EHR)

In the process of establishing electronic health records, medical data often encounters a number of problems such as loss of data control, difficulty in tracking and security. Therefore, blockchain is used by medical facilities on a decentralized record management system, whose role is to provide a fixed data history for patients to become owners of personal data, helping them Easily access and control your healthcare information.

EHRs often contain sensitive and important patient-related data, which is regularly shared among clinicians, radiologists, healthcare providers, pharmacists, and researchers, for effective diagnosis and treatment. The application of blockchain helps to manage privacy more closely, propose reasonable patient care models, quickly confirm information, and prevent criminals from trading medical data.

Medical Fraud Control

Blockchain provides a safe and secure platform to eliminate gaps in the fight against medical fraud by improving product traceability and highly transparent encrypted data. In particular, in developing countries, the problem of counterfeit drugs is raising alarm bells for the authorities. Blockchain technology ensures timely tracking of medical products in case of supply chain disruptions, avoiding serious risks of counterfeit drugs entering the system.

Drug supply chain management

Supply chain management has always been important in all sectors, especially for the healthcare industry, where drug supply chain management is complex and often risky. Besides the benefits and potential of the pharmaceutical industry, companies in the industry also face many challenges in terms of ensuring the safety and validity of products, convenient production and distribution, and avoiding the spread of counterfeit drugs.

In the process of production, as well as research and development (R&D), blockchain acts as a digital drug control system, making it easy for big players in the pharmaceutical industry to develop research projects, test and evaluate potential new drugs. Moreover, blockchain is the most suitable technology to track and manage the origin and distribution of drugs, ensuring quality products to consumers.

Neuroscience research

In modern neuroscience, blockchain is the same as a form of information technology capable of controlling brain signals stored in neural interfaces via sensors, computer chips, etc. Brain neurons are stored by blockchain and transformed into external devices such as robotic arms, smart devices, drones, AR/VR (augmented reality/virtual reality).

The mechanism of blockchain helps to detect the patient’s mental state based on data when simulating brain activity, in other words, blockchain supports the reading and interpretation of brain signals more clearly and accurately.

Currently, blockchain technology still has few system and software vendors, and has not been expanded and popularized in developing countries. With the stated benefits, in the future, blockchain is expected to bring medical science to the next level, bringing positive impacts in the global healthcare sector.

Source: Reference