Blockchain in healthcare

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BLOCKCHAIN
IN THE
HEALTH INDUSTRY
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• Contents
• What is Blockchain?
• Applications of Blockchain
• Blockchain in Healthcare
• A Healthcare Transaction in Blockchain
• Benefits of Blockchain in Healthcare
• Drawbacks of Blockchain in Healthcare
• Challenges for Blockchain in Healthcare

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What is Blockchain?
Peer to Peer No central authority
Blockchain
Block
Transaction
Distributed peer-to-peer network ensures the data
integrity

• Block all transactions within a certain time
  period
• Blockchain links all blocks together

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Digital RIghts
Wagers
Escrow
Equity
Equity
Private Markets
Private Markets
Debt
Debt
BLOCKCHAIN
Crowdfunding
Crowdfunding
Derivatives
Derivatives
Healthcare
Voting
Ownership
Title Records
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Applications of Blockchain
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Blockchain in Healthcare
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Healthcare Services
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A Healthcare Transaction in Blockchain
Physician vaccinates a child.
The details of the doctors visit are recorded in
the childs electronic medical records (EMR),
which are owned by the family. This becomes the
block in the blockchain.
The information can be accessed by the others in
the network approved by the family, which can
include the childs school, insurer or other
medical providers.
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Benefits of Blockchain in Healthcare
With blockchain healthcare applications, the
quality of healthcare is predicted to rise, and
the risks and costs are likely to go down.
Following are the benefits of blockchain in
Healthcare

• Effective and cost efficient
• Powerful monitoring
• Better Collaboration
• Cleared and organised process
• Easy access and budget control
• Protection of crucial data
• Extracting the best benefits

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Drawbacks of Blockchain in Healthcare

• New technology Its still in its nascent stage
  and even large corporations are struggling to
  integrate it into their core systems.
• High initial cost - The high buy-in for the
  technology coupled with the huge amount of
  processing power required to keep it up is
  proving to be a deterrent.
• Not able to handle large data sets Although it
  can handle personal data like IDs and
  certificates, large data like CT scans will be
  difficult to store in blockchains

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Challenges for Blockchain in Healthcare
Rule Regulations
Uncertainty
Storage Capability
Cost
Data Ownership
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Want to know more about
Blockchain in Healthcare?
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Thank You!
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