Healthcare - One of the most significant Blockchain Business Idea in 2023


Mon Sep 25 2023 07:57:33 GMT+0000 (Coordinated Universal Time)

Saved by @jamielucas #c++

The introduction of computerized technology in the healthcare sector - the promised to bring a qualitative change to patient one. While in various ways there was a bump in the service they received, patients should have experienced higher value all over the board. 

Let’s see some of the examples of integration of Healthcare and blockchain technology. 

Remote Patient Monitoring (RPM)

RMP should to have allowed the shift from episodic to preventative healthcare delivery. This should have been feasible with proactive patient monitoring with "Internet of Things" (IoT) approved devices. The RMP market is predicted to reach $535 Million in united states. RMP devices collect PHI, which needs protection, therefore, a private blockchain is the right choice in this case.
Smart contracts on this private blockchain analyze patient health data.

Electronic Medical Records (EMRs)

EMRs record patient data in the format of electronical, that should have reduced the requirement of paper-based processes. This should have permitted multiple healthcare providers to seamlessly access patient data. This was supposed to significantly enhance the provision of healthcare services. To secure EMRs, Medicalchain uses Hyperledger Fabric, an enterprise blockchain.

There are many healthcare blockchain business ideas that have significant potential. However, integrating any of these ideas is a complex process. Blockchain development requires a lot of expertise and planning, so you might want to get proficient help.