This is the commercial future of the blockchain

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The debate about where patient records are stored, how they are accessed, and how they might be used often becomes both adversarial and emotive, and rightly so. The idea was that hospital episode statistics, GP information and all kinds of other data drawn from medical records across England would be centrally stored in a single database.

It would drive research and industry. It was technically a great idea…. However, in practice it raised a torrent of resistance from those with genuine concerns about the security of the data and who would be granted access once it left the hospital or the GP surgery.

Oh, and it never got to grips bithealth blockchain login the question of whether patients needed to opt-in or opt-out of the programme. Valid arguments from patient groups, privacy groups and equally valid arguments from government representatives seemed bithealth blockchain login create a stalemate which, not surprisingly, resulted in public distrust of the scheme. For those not bithealth blockchain login in the know, a Blockchain is a permissionless distributed database that maintains a continuously growing list of transactional data records, essentially a ledger, that is bithealth blockchain login against tampering and revision and provides an immutable record of changes.

Ironically, the report came out just as one of the developers closely associated with Bitcoin itself announced that he was quitting. But the government thinks the underlying technology could be revolutionary, and the NHS was named as one of the potential users. So what would be the key benefits for a health records system or EPR?

Well, essentially the same as those enjoyed by BitCoin…. So how could EPR and health record systems exploit the benefits of Blockchain technology and apply it to the real-world? In the search for innovative ideas a Blockchain Hackathonsponsored by Fidelity Investments, Deloitte and Citi, took place in November. Now there are some technical good-practises to adhere to as bithealth blockchain login Blockchain itself, by design, is kept as small as possible so any data held would essentially be metadata data about data rather than a full medical record and would sign-post a transaction to be applied to a bithealth blockchain login held bithealth blockchain login.

The metadata could then be used to manipulate the actual patient record which would itself be stored in a decentralised way. The Blockchain process remains encrypted; verifiable and immutable at all stages and would allow a health professional to access and update your patient record from anywhere in the world using your patient identifier or public encryption bithealth blockchain login or other unique key. On the subject of P2P hosting the physical patient record, a company called BitHealth is doing exactly that.

They are using Blockchain technology for storing and securing healthcare data in a distributed way using peer-to-peer file sharing technology similar to BitTorrent. Another initiative is factom. Factom have partnered with Health Nautica to secure medical records and audit trails using the Blockchain. They envisage this will provide better efficiency for claims and billing and prevent fraud as the records cannot be altered.

Even big players like Philips Healthcare are rumoured to be getting in on the act by exploring the use of Blockchain technology for record keeping purposes.

Bithealth blockchain login doubt we will start to see more proof-of-concepts in from other major vendors. However, adoption of such a radical approach that would de-centralise the data, no matter how encrypted and managed it would be, would likely meet with significant opposition from privacy groups, patient groups and would certainly be subject to public opinion who ultimately have the final say.

It was technically a great idea… However, in practice it raised a torrent of resistance from those with genuine concerns about the security of the data and who would be granted access once it left the hospital or the GP surgery. Users can generate public and private keys and encrypt data bithealth blockchain login public keys to store records in a Blockchain.

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Reference for the image. The Global Healthcare market is fragmented - in terms of delivery, financing, technology - in every way possible. We must leverage technology to synergize and collaborate throughout the continuum of care. There are many mom-n-pop shops, especially in the emerging economies, which need come them together for a coordinated care delivery. But Healthcare is not just any industry as we have successfully evaded revolutions after revolutions, or at least deferred them until inevitable - as in case of Internet, Electronic records, or Cloud.

Moving one step at a time, it might solve issues encompassing financial transactions, information handoffs, supply chain management, inventory management, and probably more. It is perhaps too soon to gauge the actual impact Blockchain will have on healthcare, but some investors like Cryptocurrency Partners, Digital Currency Group and RRE Ventures are unfazed by the uncertainty around this technology in general.

Recently, IBM took another leap of faith by venturing into technologies of future, by setting up a Centre for Blockchain Innovation in Singapore. Watson is a computing breakthrough bringing in the era of cognitive computing, where machines understand stuff, the way we do!

The machines are continuously learning from the endless data we generate every moment, and adapting. IBM Watson cognitive computing leverages cloud-based technologies to commercialize artificial intelligence. Watson Health is the healthcare specific offering which helps clinicians, researchers and health organizations generate insights for contextually precise healthcare.

Watson is helping transform healthcare business by making operations efficient, outcomes better and every interaction smarter - and very fast! Now IBM ventures into Blockchain and we can surely expect something great down the line. Blockchain technology could revolutionize the healthcare we know and change the way healthcare organizations and patients interact with information. We have pulled up a list of possible applications of Blockchain technology in healthcare wave, hoping to make it big using first mover advantage.

Reference for the image The Global Healthcare market is fragmented - in terms of delivery, financing, technology - in every way possible. Based on Tracxn data, the investor activity looks promising as seen in the graph below. Only when both the codes are present, the records will be accessible. The patients would also be able to control when and how much information they share through conditional access.

Curbing the menace of counterfeit drugs - Counterfeit drug market is a multi-billion dollar issue. We can afford to have solutions like Chronicled for Pharmaceutical products. I surely feel that access to life-saving drugs is more valuable than access to authentic sneakers. By the way, Blockpharma has recently entered this space. Materials Management using Blockchain - Smart Sensors and Blockchain technology can help bid adieu to bulky log-books or multiple inventory modules, manual data entry and material tracking.

A sensor can keep track of where the materials are being moved while there is a backend blockchain which maintains a log of every movement. This could be a whitespace right now. Telemedicine platform - A startup named PointNurse provides a platform built on Ethereum's blockchain, to healthcare professionals for video, voice, and text based consultations.

The health professionals join the community as members, and receive a proportional stake in the software platform along with a fee for services provided. Collaboration and Innovation - Initiatives like Gem and EyePi offer platforms to bring commercialize blockchain through crowd-sourced medical innovation and develop blockchain applications.

Gem has partnered with Philips to develop a platform to unify disparate databases, synchronize changes in real-time, automate workflows and reporting. EyePi uses a crowd-sourcing platform where researchers and innovators can collaborate to solve problems, like breast cancer. We can have a discussion on this. Please feel free to share your thoughts.