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Blockchain in Healthcare

PPT describes the use of Blockchain in Healthcare

Leewayhertz
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Blockchain in Healthcare

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  1. BLOCKCHAIN • IN THE • HEALTH INDUSTRY www.leewayhertz.com

  2. 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 www.leewayhertz.com

  3. 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 www.leewayhertz.com

  4. Escrow Wagers Digital RIghts Smart Contracts Equity Equity Private Markets Private Markets Debt Debt Securities Digital Currency BLOCKCHAIN Crowdfunding Crowdfunding Derivatives Derivatives Record Keeping Ownership Healthcare Title Records Voting www.leewayhertz.com

  5. Applications of Blockchain www.leewayhertz.com

  6. Blockchain in Healthcare www.leewayhertz.com

  7. Healthcare Services www.leewayhertz.com

  8. A Healthcare Transaction in Blockchain Physician vaccinates a child. The details of the doctor’s visit are recorded in the child’s 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 child’s school, insurer or other medical providers. www.leewayhertz.com

  9. 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 www.leewayhertz.com

  10. Drawbacks of Blockchain in Healthcare • New technology – It’s 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 www.leewayhertz.com

  11. Challenges for Blockchain in Healthcare Rule & Regulations Uncertainty Storage Capability Cost Data Ownership www.leewayhertz.com

  12. Want to know more about • Blockchain in Healthcare? www.leewayhertz.com

  13. Thank You! www.leewayhertz.com

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