+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Testimonials
  • Contact Us
Thursday, September 28, 2023
International Magazine
Business Connect Magazine
Upcoming Event
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Guest Posts
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Guest Posts
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
Business Connect Magazine
No Result
View All Result

Blockchain and Healthcare

fanzineindia by fanzineindia
July 15, 2019
in Blog
Block Chain and Healthcare - Business connect

Block Chain and Healthcare - Business connect

Share on FacebookShare on Twitter

Written By: – Dr. Amit Mishra

Insight into the Block Chain Aided NextGen Smart Health Care

In today’s modern business world, the adoption of the recent evolving new technologies, like Blockchain, Artificial Intelligence (AI) or Robotics, has marked a significant impact in almost every sector of the market. How can the fast-moving Health care industry remain untouched? According to Gartner, the world’s leading research and advisory company, the blockchain derived IoT (Internet of things) will include 26 billion devices and a $ 1.9 trillion (Rs 130.26 Lakh Crore) economy by the year 2020. By the year 2022, it is expected that single-handedly blockchain technology (BCT) would reach $13.96 billion (Approx. Rs 1 Lakh Crore) globally.

In recent years, despite the fact that Electronic health records (EHR) have digitized patient data still transmission of that data from one clinician to another remains a huge challenge! With an aim to secure sensitive healthcare ecosystem, the healthcare companies are leveraging towards Blockchain to lock data. Also, Blockchain is going to be helpful in transferring patient’s data from one corner of the world to another, ensuring patient’s insurance claim and administrative processes within healthcare networks which will revolutionize the patient’s care.

Blockchain offers a great entrepreneurial revolution in the Health care industry in India having its second position in the online market in the world. The supportive role of Modi 2.0 Government’s bureaucrats and NITI Aayog policies has raised a ray of hope for the rising blockchain technology in India.

Although Blockchain technology and  Electronic currency Bitcoin, conceptualized by Satoshi Nakamoto in the year 2008, has shown huge promise in transforming Health care industry across the world along with Finance, Governance, Supply chain management & Pharmaceuticals industries using cryptographic principles, however, the overall picture is still evolving.

In recent times, there have been great demands of Blockchain technology in the Gem Industry for the tracking and traceability opportunities of gems. The global food and agriculture market are also expecting significant benefits with the new technology.

Read Also: Powerful body language

Contrary to the recent blitz made by the US president, Donald Trump, on Facebook’s Libra cryptocurrency project, the boost being received by Blockchain to the government services and economic well-being presents the very positive picture of the new technology. In the last few years, there has been a tremendous increase in the number of Startups backed by Blockchain technology with the US leading the row with the highest number of Blockchain Startups. Recently, one of the Health care startups (Solve. care) has made an announcement regarding the partnership with UberHealth to transport patients.

What is Blockchain?

A Blockchain is similar to the chain of blocks which contains information (or database). The linking of blocks is called mining. In simple terms, Blockchain is the process of sharing records of transactions. Bitcoin or digital currency or decentralized virtual cryptocurrency is a new form of money which can be used without banks, government or any other intermediaries.

RelatedPosts

Top 15 Emerging Jobs

Top 15 Emerging Jobs

Everything You Need to Know About Dollar Exchange in India

Everything You Need to Know About Dollar Exchange in India

The 10 Largest Stock Exchanges in the World by Market Capitalization

The 10 Largest Stock Exchanges in the World by Market Capitalization

How to Deal with Post Traumatic Stress Disorder – PTSD Explained

How to Deal with Post Traumatic Stress Disorder – PTSD Explained

How Leaders Can Foster a Sense of Belonging in the Workplace

How Leaders Can Foster a Sense of Belonging in the Workplace —and What is Its Significance?

Top 10 Best Robot Vacuums for Every Home and Budget

Top 10 Best Robot Vacuums for Every Home and Budget

Top 10 Best Tech Gifts for 2023-24

Top 10 Best Tech Gifts for 2023-24

Ten Best Computer Speakers in 2023

Ten Best Computer Speakers in 2023

How Blockchain works for transforming Healthcare Sector?

  • As a Service provider by forming the Healthcare Value Chain. It aids directly in networking trading partners maintaining transparency or works as Open Source to access real-time transactional data in an organized manner reducing transaction costs.
  • In decentralizing precision medicine as in the coming future personal healthcare will be on focus and the biological profile will be consumer controlled and OMICS data-centric.
  • Securely locking of health records by maintaining a single statement of the patient’s health report. The accessibility of these immutable records are provided to doctors, hospitals, pharmacists, laboratories, and health insurers on their request to have the patient’s record to serve their purpose and record transactions on the distributed ledger maintaining autonomy.
  • Creating a direct link between ongoing clinical research and users by permitting users to disseminate information directly to researchers using their platform built on the blockchain.
  • Managing financial planning and analysis by providing payments in the package and getting insight into the patient’s post-treatment detail.
  • For monitoring the traceability and transparency of drug to keep a check on counterfeit (illegal) drugs present in the market to avoid loss of genuine pharmaceutical companies.

Conclusion

With a mission to rediscover the healthcare business processes using modern tools and techniques, Blockchain technology, by improving communication and providing superior solutions to many existing age-old challenges in health care, is going to revolutionize the health care industry in the coming years.

Previous Post

QUALITAS GLOBAL

Next Post

ETRAININDIA

Next Post
Etrainindia-Education Technology | Business Connect

ETRAININDIA

ARL-Logistics and Supply Chain Company

ARL Worldwide Express Pvt. Ltd

n'cloud-Swisscloud provide | Business Connect

n’cloud- Premium Cloud Computing Provider

Unicorn Status Business Connect Magazine

Why You Shouldn't Aim to Reach Unicorn Status?

Successful Entrepreneurs have Constructive Hobbies-Business Connect

CONSTRUCTIVE HOBBIES ARE THE ESSENTIAL NEED FOR THE ENTREPRENEURS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

TECHMANGO

TECHMANGO

3 successful entrepreneur stories

3 successful entrepreneur stories

Top 15 Emerging Jobs

Top 15 Emerging Jobs

Everything You Need to Know About Dollar Exchange in India

Everything You Need to Know About Dollar Exchange in India

TECHMANGO

TECHMANGO

3 successful entrepreneur stories

3 successful entrepreneur stories

Top 15 Emerging Jobs

Top 15 Emerging Jobs

Everything You Need to Know About Dollar Exchange in India

Everything You Need to Know About Dollar Exchange in India

Trade Tensions: India's Clash with Canada Raises Concerns for Economic Relations

Trade Tensions: India’s Clash with Canada Raises Concerns for Economic Relations

Punyam Academy

Punyam Academy

TECHMANGO
Lounge interview

TECHMANGO

3 successful entrepreneur stories
Guest Posts

3 successful entrepreneur stories

Top 15 Emerging Jobs
Blog

Top 15 Emerging Jobs

Everything You Need to Know About Dollar Exchange in India
News

Everything You Need to Know About Dollar Exchange in India

Trade Tensions: India's Clash with Canada Raises Concerns for Economic Relations
News

Trade Tensions: India’s Clash with Canada Raises Concerns for Economic Relations

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Recent News

TECHMANGO

TECHMANGO

3 successful entrepreneur stories

3 successful entrepreneur stories

Contact Information

Address: 701, Vishwa Sadan Building, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Contact to Get Feature as Guest Post : info@businessconnectindia.in

Mail: abhishek@businessconnectindia.in / events@businessconnectindia.in

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Guest Posts
  • Launchpad
  • Blogs
  • Testimonials

© 2020 All Rights Reserved by Business Connect India

Need Help? Chat with us
Start a Conversation
Hi! Click one of our member below to chat on Whatsapp
The team typically replies in a few minutes.
Ashish Kumar
Sales & Support