Unleashing the Potentials of Blockchain Technology for Healthcare Industries

Blockchain technology is used in the healthcare industry to provide a secure framework to safeguard healthcare data. The book integrates key pillars of blockchain such as foundations, architecture, smart contracts, adoption, standards, service (BaaS), security, consensus algorithms, drug discovery process, and offers solutions to the pressing issues faced by the healthcare processes due to the COVID-19 pandemic.

Format: Paperback / softback
Length: 294 pages
Publication date: 27 March 2023
Publisher: Elsevier Science & Technology

Blockchain technology has the potential to revolutionize the healthcare industry by providing a secure framework for safeguarding healthcare data. This includes both patient and hospital data, which is crucial in today's digital age. The book "Unleashing the Potentials of Blockchain Technology for Healthcare Industries" explores the adaptation of blockchain in healthcare and its key pillars, such as foundations, architecture, smart contracts, adoption, standards, service (BaaS), security, consensus algorithms, drug discovery process, and more. By integrating these pillars, the book aims to fortify the current practices in the healthcare industries.

Furthermore, the book offers solutions to the pressing issues currently being faced by the healthcare processes due to the COVID-19 pandemic. This makes it a valuable resource for medical informaticians, researchers, healthcare professionals, and members of the biomedical field who are interested in learning more about the potentials of blockchain in healthcare.

Blockchain technology has the potential to transform the healthcare industry by providing a secure and transparent platform for storing and sharing medical records. It can also improve the efficiency of healthcare operations by reducing administrative costs and streamlining processes. Additionally, blockchain can enhance patient privacy and security by allowing patients to control their own medical data and ensuring that it is not shared without their consent.

One of the key benefits of blockchain in healthcare is its ability to improve the accuracy and reliability of medical records. By using a decentralized network, blockchain can ensure that all medical records are stored in a single location and that there is no risk of data loss or corruption. This can help to reduce the number of medical errors and improve patient outcomes.

Another benefit of blockchain in healthcare is its ability to enhance patient privacy and security. With blockchain, patients can control their own medical data and ensure that it is not shared without their consent. This can help to reduce the risk of identity theft and medical fraud, which are major concerns for patients today.

Blockchain can also improve the efficiency of healthcare operations by reducing administrative costs and streamlining processes. For example, blockchain can be used to automate the payment process for medical services, reducing the need for paper-based transactions and reducing the risk of fraud. Additionally, blockchain can be used to track the movement of medical supplies and equipment, reducing the risk of theft and improving the efficiency of supply chain management.

Despite its many benefits, blockchain technology is not without its challenges. One of the biggest challenges is the lack of standardization and interoperability across different blockchain platforms. This can make it difficult for healthcare organizations to integrate blockchain into their existing systems and processes. Additionally, there are concerns about the security and privacy of medical data on blockchain, particularly in the case of sensitive information such as patient health records.

To address these challenges, healthcare organizations need to work closely with blockchain developers and technology providers to develop standardized solutions that are secure and interoperable. Additionally, healthcare organizations need to implement robust security measures to protect the privacy and security of medical data on blockchain.

In conclusion, blockchain technology has the potential to revolutionize the healthcare industry by providing a secure framework for safeguarding healthcare data. By integrating key pillars such as foundations, architecture, smart contracts, adoption, standards, service (BaaS), security, consensus algorithms, drug discovery process, and more, the book "Unleashing the Potentials of Blockchain Technology for Healthcare Industries" offers solutions to the pressing issues currently being faced by the healthcare processes due to the COVID-19 pandemic. While there are challenges to be addressed, healthcare organizations can work closely with blockchain developers and technology providers to develop standardized solutions that are secure and interoperable. With the right to privacy and security of medical data on blockchain, the healthcare industry can reap the benefits of this innovative technology and improve patient outcomes.

Weight: 542g
Dimension: 191 x 235 x 26 (mm)
ISBN-13: 9780323994811