New Frontiers for Blockchain
EMURGO, as the official commercial arm of Cardano, is always staying up to date with the needs for industries to provide potential opportunities for the implementation of blockchain-based solutions. With the advancement of blockchain technology, many industries are closely watching the benefits that blockchain can provide for them as new developments make blockchain more feasible for contemporary applications. The process to upgrade legacy systems in various industries as big data becomes increasingly important marks a huge technological turning point for our society. These industries involve major sectors in the world’s economy such as finance, education, and health care, to name a few. Within this article, we’ll delve into the benefits that blockchain can provide for the healthcare industry in particular.
Application of Blockchain to the Healthcare Industry
Healthcare is a field that is developing more than ever before, with a huge influx of IT infrastructure in the market to help doctors and nurses perform their jobs more efficiently and ensure patient health management at a superior level. With personal health records, medical drugs and instruments, hospitals and clinics have an ever-growing list of new things to keep track of and learn from. This increase of information derives the need for a data management system for hospital workers to access, edit, and extrapolate data in a fast and efficient way. Blockchain has a lot of qualities to make these information exchanges more secure, efficient, and interoperable.
Focusing on quality health care services means creating a superior health management standard at all times. There are constant improvements needed with many hospitals running on older legacy systems. These technical inefficiencies can cost doctors and nurses valuable time and resources.
How a Third-Generation Blockchain Like Cardano Can Offer Benefits for the Healthcare Industry
Multiple variables come into play in patient care. With the advent of blockchain technology, medical workers are able to get near real-time updates across an information network for all parties involved in the provision of healthcare services. Identity verification and stored patient data can quickly pull up a patient’s health history to determine the best course of action.
