Blockchain will revolutionize healthcare — Just not any time soon
Blockchain technology has the potential to change the healthcare industry, but without needed adjustments, it wouldn’t be possible. Over the past decade, blockchain has surpassed the hype realm into a real transformative solution for industries. Several companies are investing billions of dollars on the network; it topped LinkedIn’s list of in-demand hard skills in 2020, and articles about its potential are now littered on every finance blog. Ask those who had experienced the early internet days, and they will certainly have a lot to tell you about the feeling of deja vu that has diffused....
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The healthcare business is booming these days, as this sector is in dire need of some technological innovation. Even though most everyday consumers might feel the world of healthcare has evolved with leaps and bounds, there is still a lot of work left to do. Prenetics is one of the many startups exploring the healthcare market, and their focus lies on DNA testing. Perhaps blockchain technology can be of use down the line. Every time the topic of DNA testing comes up, there will be privacy advocates claiming how this method is invasive and needs to be fine tuned. Prenetics has taken these....
Peter Nichol, a healthcare business and technology executive, believes that the Blockchain technology will lead the healthcare industry to a new era of technology and innovation with immutable ledgers and secure transfer of data. Over the past few years, cryptographers and Blockchain startups have been obsessed with the execution and settlement of smart contracts. Since smart contracts are designed to establish unalterable agreements between two parties, they serve as a viable and practical method of transferring and exchanging data within a set framework. Nichol, who has worked for the....
With the announcement of Gem Health, Gem is continuing their impressive growth in delivering blockchain platforms for smart networks. Gem has always made it clear that they consider healthcare to be an attractive target for their solutions. With this announcement they have taken a large step towards building a “blockchain network for global healthcare.” The goal is for the group to build a data infrastructure capable of supporting worldwide connectivity for healthcare. Gem has signaled that this will include a community driven educational element. The group also plans to lean on Ethereum....
The storage of Electronic Health Records (EHR) in the United Arab Emirates could soon be revolutionized after the development and implementation of storing patient records on a blockchain. A partnership between UAE Telecom du, a telecom and broadband provider and NMC Healthcare, a major private healthcare provider in the region will be the first to introduce blockchain technology into the management of patient information within the UAE, according to a report by regional tech publication ITP. Some of the core characteristics of blockchain technology, including data integrity and....
The GemOS operating system gives the healthcare industry convenient access to securing patient data, while adding it to a blockchain that can be shared across departments in real-time. The healthcare industry can benefit tremendously from embracing blockchain solutions, and Gem is providing the sector with exactly that. Gem Health, as this initiative is called, focuses on optimizing the supply chain and optimizing clinical data management. With all of the recent attention on the healthcare industry through crypto-ransomware attacks and other cybersecurity threats, it became abundantly....