2. A blockchain is a decentralized, distributed and public digital ledger
that is used to record transactions across many computers so that
any record cannot be altered at a later stage.
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What is Blockchain technology?
3. www.pixelcrayons.com
Data breach has been a problem for all kind of
businesses. The cases of data breach has specially
increased in the Healthcare Industry. Market
researchers are always performing deep research to
find out the ways that can help the healthcare
industry to come out of this data security problem.
Blockchain technology has come as a boon for
combating this menace. Lets have a look at the
benefits of blockchain in healthcare industry.
4. Blockchain developers create a system where patient records are
secure & cannot be changed at a later date.
Patients have to give permission to healthcare agencies to access the
records.
They can create new records into blocks that ultimately become a part
a permanent part of that particular patient.
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1. Unchangeable & traceable patient records
5. Insurance frauds happen when dishonest offerers & patients submit
wrong claims in order to get payable benefits. Patients submit false
records to justify tests.
Blockchain technology enables patients & insurance companies to
enter their information in distributed ledger that are unalterable &
permanent. The best past is, healthcare companies will have access to
this data.
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2. Reduction in the number of insurance
frauds
6. It takes a considerable amount of time to get a drug approval. And
when the studies are conducted at a global level, then there is no
method by which these studies can be collected at a single database.
Adopting blockchain technology will combine all the results of the
clinical trials together and will also demonstrate it efficiently.
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3. Facilitates data exchanges in clinical trials
7. Pharma companies require tracing their drugs from manufacturing to
the endpoints in their supply chain. When blockchain technology is
adopted, there is a complete record of the transport of such drugs.
It results in the reduction of chances of such drugs being stolen at the
point of transfer and all the recipients of these drugs have complete
information about the source and the path to the recipient resulting in
no fear of fake drugs.
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4. Reduction in pharmaceutical theft
8. Blockchain technology promises to be the most transforming
technology by making health information exchanges more safe &
efficient.
Healthcare industry covers a large section in any country’s complete
economy. Hence, by impacting the healthcare sector in a positive way,
blockchain technology can put a large impact on a country’s economy.
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Conclusion
9. Why wait for others to zoom
ahead?
PixelCrayons is a leading Blockchain developer. We develop blockchain
softwares which are suited to your requirements and help you grow your
business. Your satisfaction is OUR pride.
For any queries feel free to check our services @
https://www.pixelcrayons.com/
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