Blockchain in Healthcare: The promising use cases of one of the most disruptive technologies

The application of blockchain technology in the healthcare business has the potential to transform how medical data are stored, medical research is done, and patient care is given. Medical record management, clinical trials, prescription medicine traceability, and supply chain management are among the nine promising use cases for blockchain in healthcare. With blockchain, medical records may be safely maintained and monitored, boosting accessibility for patients and healthcare providers. One platform that uses blockchain to hold clinical trial data is MedRec, a blockchain-based system for managing medical information. Clinical trials may make trial data simpler to access and verify for researchers and regulators, boosting the quality and reliability of clinical trial outcomes. Supply chain management may improve the efficiency and transparency of healthcare supply chain management, making it easier to track the movement of medical supplies and equipment. Blockchain allows for the secure storage and sharing of telemedicine data, thereby improving patient access to care. Drug development may be made more open and efficient, allowing researchers to exchange information and collaborate more effectively. Blockchain can be used to store and exchange personalised pharmaceuticals, allowing for more personalised and efficient medical treatments. From medical record administration to drug research and health insurance, blockchain has the potential to totally transform the healthcare sector.

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