Blockchain health

14 June, 2021

Health – Blockchain-based traceability in this sector.

It is said that blockchain technology is going to be the next digital revolution, and little by little we are glimpsing to what extent it could be disruptive starting, as many of us already know from the financial sector and the payment system without intermediaries.

Over time we have seen that the technology that accompanied Bitcoin at its birth has new uses and, therefore, new market niches where it is truly useful and has tools already available such as GENESIS 4.0. We hear many use cases but few in production.

Currently the health sector has many deficits that technology could solve such as Big Data, Robotics or in this case Blockchain. This latest technology has the characteristics such as security, transparency, traceability and immutability.

Focusing on Blockchain we can see different use cases on the subject of traceability. n this case we will see our GENESIS 4.0 app and its features:

Traceability

The objective of mirror is to trace in a truthful way what happens at all times with the products. As a result, an immutable history is obtained, granting total control over all the information. We will always know what happened, how, when and why.

Transparency

With its Blockchain base, it allows you to travel back in time and check each stage, guaranteeing the total integrity of the information. 100% confidence for audits, certifications and, ultimately, for the company and its customers.

Real time

The information will be distributed in a decentralized network, fail-safe and always available. This is an essential feature of Blockchain technology, with which new information can be saved and consulted in real time.

Intuitive

Mirror’s design abstracts all the complexities of Blockchain technology into a modern web / mobile application. The app does all the heavy lifting behind the scenes, offering the user a simple and user-friendly way to handle the process.

Connectable

Nobody (or almost nobody) likes to change their workflow. For this reason, and because each case is different, it can be integrated with the vast majority of current IT systems without impacting how day-to-day work is done. From your ERP to your IoT sensors. In addition, I always connected from any device anywhere in the world.

In the health sector, we can implement blockchain in medical records, ensuring the privacy of each person’s medical record, while greatly speeding up the process of communication and exchange of documents between all the interest groups that make up the health sector. We could even prioritize the information so that the doctor, nurse, independent personnel, and patient obtain different degrees of information within the network.

To preserve the privacy and protection of sensitive data in this area, an encryption layer is created.

Regarding security, the network is distributed in several nodes that keep all the information of the network in an immutable way so that if a document, record or process has been altered, the blockchain will notify us and detect when, how and who has wanted alter that information.

Faced with any legal problem, for example a mistake in a recipe, you can always give access to an external audit that the information is correct.

Now we go with the example of drug traceability. Having all the information on where and when each drug is in a decentralized network would avoid many problems in the face of a massive withdrawal of one of them in all our centers or pharmacies since we will have real-time information on the status of each one, even when and to whom. has been sold.

Thanks to all this system, the patient will be able to have their medical history in a safe, transparent way at any headquarters of the same company and even decide what to show of that information, granting you the right to decide on your data.

Blockchain also allows different protocols and software to be connected in the same network, making a standard that can be read by everyone, taking the data (milestones) that we want or see most important.

Let’s imagine a network with local nodes in all centers sharing information from providers, laboratories, pharmaceuticals, sensitive data, patient data …All in a common network, readable by everyone depending on the degree of information they can access in a secure, transparent way and immutable.

Regarding the ID (Digital Identity) we can provide the system with a speed and automation never seen before. There are many systems that allow us to execute this login ID that together with other technologies will be an increasingly visible future for everyone.

In blockchain there are so-called “smart contracts” that allow us to create business logic in an automated way through a digital registry. We achieve cost and time savings in a safe, audited and real time way. Imagine, for example, that a supplier sends us a merchandise and as soon as we validate it, the payment is automatically issued. The provider will see when it has been validated, the payment will have been received and everything will be stored safely and reliably.

Described some of the applications that blockchain can contribute to healthcare, we see different points in favor:

  • Automated clinical management.
  • We can integrate with other similar networks or even provide an external agent to share information that we want.
  • Having information on how a patient behaves, an internal “big data” of the entire operation.
  • Everything connected, always, in the face of failure tests and computer attacks, we will always have nodes supporting the network.
  • This saving of processes and their automation will allow healthcare personnel to work better and more efficiently.
  • We can manage a circular economy and a voting system through the use of the token.

We will take an in-depth look at these use cases in new posts as blockchain + healthcare is fascinating terrain.

Can you think of more use cases? Leave us your comments!

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