The Blockchain is a distributed system that records peer to peer transactions, tracks the changes across networks, and stores and exchanges data for cryptographies.
Blockchain technology has the potential to revolutionize healthcare, placing the patient at the core of the healthcare ecosystem and enhancing the security, privacy, integrity, and interoperability of health data.
This technology will offer a new, more effective and secure model for health information exchanges (HIE).
Due to its inherent transparency and security features, the Blockchain technology can reimagine every aspect of healthcare services, including accessibility of medical services, drug traceability, insurance processing, payment and settlement, and medical financial services.
With pre-built solutions and expertise, we are partner of choice for many Federal Agencies and Healthcare & Pharma customers. We help organizations in value identification, initial discovery, use case identification, PoC/pilot, implementation and integration of the blockchain.
Focus Areas in Healthcare & Pharma Sector are as below:
Lifesciences & Services
Pharma Supply Chain Track and Trace
Patient Health Record
Authenticating Returned Drugs
Improving Quality of Clinical Trial Data
Organizations need to experience the business value of potential Blockchain innovation opportunities before they move toward building full-scale solutions.
Given the wide range of innovation possibilities with Blockchain and its rapid evolution, organizations need to develop MVP and pilot applications that help them to evaluate technology fitment, and understand the potential business value of such applications.
With more than 13 years of software development experience and a team of technology evangelists, we are able to move faster and develop digital health systems that disrupt the traditional care delivery models.
We help our clients identify the cost-benefits of Blockchain use cases and understand the distributed technology. In our experience, we found that most healthcare organizations require additional expert technology consulting services in such areas as information architecture, software engineering, health IT systems integration, and UX/UI.
The benefits of using Blockchain
Relative to traditional methods of healthcare database management systems, include decentralized management, unchangeable databases, data provenance, traceable data, robust data, availability of data to any authorized user, while keeping it out of the hands of unauthorized users by encryption that is dependent on a patient’s private key.
At present, electronic health records allow automatic updating and sharing of medical information on a given patient within an organization or network of organizations only. This could be extended if the information was organized such that a set of information on the topmost layer of the Blockchain was only that which was not PHI or personally identifiable information (PII).
This would allow researchers and other organizations to access this wide spectrum of data, with cohorts of hundreds of thousands of patients. The availability of such massive amounts of data would greatly promote clinical research, safety event and adverse event reporting and identification, and public health reporting.
The Blockchain could provide a single transaction layer where organizations can submit and share data through one secure system, by storing a specific set of standardized data on the chain, with private encrypted links to separately stored information such as radiographic or other images. The use of smart contracts and uniform authorization protocols can immensely support seamless connectivity.