Blockchain Application Development in Healthcare: Innovative Solutions

oodles blockchain

The healthcare industry is struggling with several challenges like counterfeit drugs and inefficient supply chains. It is difficult to track products and determine their authenticity from provenance to hospitals and patients. For the healthcare industry players, it has become critical to resolving issues like traceability and compliance using appropriate technologies.

It is possible to enhance trust between all stakeholders in the value chain with blockchain application development in healthcare. Blockchain is a distributed ledger technology that drives industries to develop applications that achieve efficiency, improve transparency, and establish trust in the network.

How blockchain application development in healthcare tackles known issues

Blockchain application healthcare development provides enhanced control and visibility to improve supply chain traceability and tackle counterfeit drugs. Moreover, the use of smart contracts automates drug supply chain operations to increase efficiency with significant cost reduction.

Let’s explore how blockchain development in healthcare provides universal access, integrity, security, traceability, and interoperability.

Interoperability

HIS use different set of protocols and standards like CDA, FHI, HL7 2.x to maintain data accessibility across various healthcare organizations. However, it leads to complexities when you want to integrate new systems or platforms. The solution to this problem is blockchain. It solves interoperability related issues by serving as a decentralized database. Permissioned stakeholders from external networks access data through APIs developed with a focus on the standard data format. Blockchain also works seamlessly with existing platforms and protocols to access and store data.

Integrity

Blockchain preserves data integrity across all levels. It prevents healthcare systems from creating multiple instances of obsolete patient data. Once you upload data to blockchain, it cannot be altered for any malicious reasons. Only the patients get permissioned access to data while availing healthcare services.

Security

The healthcare industry has always suffered from data leaks, tampering, and theft, resulting in huge financial losses. Blockchain offers better security than existing healthcare applications. It uses data encryption model with private keys to safeguard data stored on the platform in any form. It permits only receivers to access information content using private keys.

Maintenance Cost

Maintenance cost is another integral problem that the existing healthcare systems are facing. They require maintenance across different operations and need to ensure that all functions run smoothly. Blockchain eliminates this problem with its distributed decentralized network. It ensures that there is no single point of failure. If a node fails to operate, other nodes can fetch data as they also get the same copy of data stored on the network. An additional benefit of having a copy of the database on each node is that information retrieval becomes fast and cost-efficient.

Universal Access

Blockchain provides universal access to data for all its users. It eliminates the dependence on any central authority, which makes universal access feasible. Moreover, regulatory authority can access data for compliance checks and audits.

Blockchain application development in healthcare: Use cases and solutions

Electronic Health Records (EHRs) Management

Blockchain based electronic healthcare records (EHRs) solutions enable secure data exchange among medical communities. They provide the following benefits –

Safeguard patient data and ensure privacy with cryptography and p2p transfer mechanisms

Make any research work done by doctors over their patients’ medical histories visible to all stakeholders

Provide researchers with a common platform to use shared clinical research data for scientific progress

Patient Permission Management

Blockchain enables distributed data ownership with privacy and permission layers. While patients cannot alter specific medical profile data provided by doctors, they can grant full or partial visibility to healthcare stakeholders. For instance, patients can share their complete copy of records with healthcare specialists. Concurrently, they may share only non-identifiable data with scientific research firms.

Drug Traceability

Blockchain makes medical supply chain management more secure and accountable with transparency, immutability, and interoperability. These blockchain attributes ensure smooth interaction between different applications and systems along the supply chain. Also, they enable pharmaceutical companies to register products on the database to trace their movement from provenance to end customers.

Data Security in Clinical Trials

Blockchain reduces data frauds by provisioning the use of specific consensus mechanism and decentralized structure, which protect against hacks or manipulation. With documents’ proof-of-existence and verification-of-authenticity stored on the blockchain platform, stakeholders can ensure data integrity, promote trustworthy clinical trial results, and enhance collaboration in the research community.

Incentivization through Micropayments

Blockchain enables the use of efficient micropayment systems to incentivize patients for their specific behavior with smart contracts. These contracts distribute rewards to patients for completing tasks like maintaining a certain treatment plan or sharing data for clinical trials.

Insurance Claims and Billing

Blockchain can enhance healthcare billing and insurance claim processes. It can prevent health providers from overcharging a patient for services or adding a service without prior consent.

Blockchain also improves insurance claim management by reducing the time from months to a few minutes to process claims. It makes it possible by removing intermediaries and automating all insurance claim processes with smart contracts.

Conclusion

While the use of blockchain in healthcare is still in infancy, we can expect revolutionary improvements in the coming years. Blockchain application development in healthcare has created opportunities to devise new solutions and enhance existing complex processes.

If you’re also considering to develop a blockchain based healthcare application, talk to our seasoned blockchain developers at Oodles. We are a blockchain development company that has developed multiple blockchain applications using several technologies.

It is not necessary to develop healthcare applications with one blockchain technology. Instead, it is more effective to develop them by combining features of other blockchain technologies.

Our blockchain team is adept in working with platforms like Stellar, Hyperledger, EOS, Ethereum, and Corda. We use these platforms to build healthcare systems that have innovative features. We work with our clients as their technology partner to provide guidance at every stage from evaluation to production.

oodles blockchain

Blockchain Supply Chain Development

katrin kunze 2020-10-12

If you own a manufacturing or e-commerce business, undeniably, you must use a supply chain management solution.

You can now develop the next-gen personalized blockchain supply chain Development solutions!

Advantages of Using Blockchain and IoT for Supply Chain Management

Oodles Technologies 2020-01-24

Blockchain and the Internet of things (IoT) are two recent technological advancements transforming different industries.

Industries are finding Blockchain and IoT two most important strategic technology trends in 2020, According to IDC, 20 percent IoT deployment involve basic levels of blockchain services enabled.

Blockchain is a type of distributed ledger which provides characteristics like traceability, auditability, security, and efficient collaboration.

IoT is a network of smart physical objects and things capable of connecting to that network to send and receive data.

In the following sections, find out key value drivers that the combination of blockchain and IoT provides for contemporary supply chains.

Global Supply Chain FinancingSupply chains involving parties across borders and cross-border transactions require voluminous paperwork and bureaucracy.

Harnessing Blockchain to Revolutionise Supply Chain Management

Sandesh 2023-06-16

This essay digs into blockchain's transparency characteristic and examines how it can revolutionise supply chain management. How blockchain transforms supply chain managementEnhanced traceabilityLack of transparency makes it impossible to track the production and distribution of commodities, which is one of the main problems with supply chain management. Improved efficiency and cost savingsThrough the removal of middlemen and the reduction of paperwork, blockchain streamlines supply chain operations. Check out this blog: Trending IT Career in India For 2023Leveraging blockchain transparency for supply chain optimizationSupply chain visibility and data sharingSupply chain stakeholders may share information securely and effectively thanks to blockchain transparency. ConclusionBlockchain technology has the potential to revolutionize supply chain management by addressing long-standing challenges related to traceability, efficiency, and security.

Features of a good supply chain management (SCM) software

gchristopher gloss 2020-03-06

BlockchainFirm is a supply chain management software company that offers dynamic supply chain management software and with the right software on board, you can increase your productivityhttps://www.quora.com/What-are-the-features-of-a-good-supply-chain-management-SCM-software

How to tackle meat supplychain issues? Try Blockchain!

Walsh Leshly 2019-10-18

Food traceability is the most awaited concept in the growing health conscious population.

According to the latest report, the chances of dishonest activities are possible in any part of the supply chain.

The red meat is vulnerable to many problems including illegal slaughtering, improper storage, and prolonged preservation.Here food traceability becomes a necessity to know if the meat we consume is actually qualified as a safe product.

Tracefood provides end to end traceability solutions to make your supplychain more transparent building complete trustworthiness with Blockchain solution for beef and Blockchain in Pork IndustryThe meat and poultry sector can be broadly divided into 3 categories: beef, pork, and poultry.

Another report states that semi cooked or ready to cook spicy meals were particularly vulnerable to this crime, as the swap cannot be found due to being overpowered by other flavours.There are many cases reported in UK where they transport horses posing them as leisure utility and slaughter them in illegal places and mix them up with other meat.Diseases Many countries have prohibited the import of pork that have been given ractopamine - a feed additive drug used to increase he muscle of the pigs instead of fat.

Downfall in the health of the farm leads to pigs easily vulnerable to swine flu and other dangerous illnesses that spread up rapidly.Trade issuesPork industry is prone to many wet markets which show no interest in quality and legitimacy.

Blockchain for beef business

ybobbyyoung 2021-09-29

Meat supply chain management has been made simpler these days right with the integration of blockchain in meat despite the complexities involved…The global meat production, processing and supply involves a vast set of elements and data and so that it is vital for every supply chain system to track, trace and present the data.

Even though it seems to be inevitable for the smooth processing of the meat supply chains, it is not that much easier to achieve.Yet, the community of meat manufacturers, processors, retailers, packers and the consumers very much rely on this vital information and they demand it the most than anything.So, what would be the viable solution for this challenge?

Yes, it is the technology blockchain in meat that could help us in addressing out this major traceability challenge appropriate to the meat supply chains today.

Since blockchain is basically a public ledger of information that helps store the processed data in any sector, it fits the most in this case.The blockchain technology for meat has come up as a decentralized network helping each and every network participant to be aware of the overall system data in the supply chains right from the production to the table.Not only the tracking and tracing of data can be done via the meat supply chain blockchain; Beyond that, the technology finds its importance as well in customizing the overall data flow between the producers and the consumers thus making the entire value chains efficient ever.How does the meat supply chain blockchain account for data transparency?With the rising challenge of fraudulence and misconceptions in the food industry, there comes an inevitable need and demand for the production of organic and highly sustainable food items from the consumers’ side.In order for the organizations to meet this unavoidable demand over time, craving out for the best technology solutions that could help strategize the overall supply chain cycles has turned to be an essential aspect so as to ensure the sustainability of the products in the industry.

Here comes a need for the enterprises to provide complete end-to-end data transparency to the end users in order to make them satisfied on the go with ease.But this is not just a simple task to do as the supply chain systems are very much complex to retrieve data in nature.

Yet, we have a wonderful technology which is nothing but the blockchain in meat that has been evolving out in disclosing the overall data about the products to the consumer community with ease.By the way, the global food safety and provenance levels will get improve a bit forward and so that attaining out a fraudulence free food market is quite possible with blockchain.What we (tracefood) are and where we stand today?Tracefood is a food technology solutions provider operating out with a vast level of experience and expertise in the field of food supply chain management.

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