How Using Blockchain in Healthcare Is Reviving the Industry’s Capabilities

The U.S. is poised to spend 20% of its GDP on healthcare in the near future. If that stat wasn’t jarring enough, consider the industry continues to be plagued by skyrocketing hospital costs, inefficient practices, and constant data breaches. These (very expensive) problems are spurring a drive for greater efficiency and innovation.

With its ability to deflate the current spending bubble, protect patient data, and improve the overall experience, using blockchain in healthcare may help ease the pain. The technology is already being used to do everything from securely encrypting patient data to managing the outbreak of harmful diseases. And at least one country is big on the potential of blockchain healthcare: Estonia.

The size of Tennessee with the population of Maine, Estonia began using blockchain technology in 2012 to secure healthcare data and process transactions. Now all of the country’s healthcare billing is handled on a blockchain, 95% of health information is ledger-based and 99% of all prescription information is digital.

SimplyVital Health

I read about all and found to be the best project as they are working on securing Healthcare data. Immunify.Life has leveraged the blockchain and with Ai designed a game-changing solution to transform the health management and data utilization landscape. The platform then also utilizes the power of Big Health Data to serve the global community by offering an equitable and informed deployment of healthcare. Immunify.Life has developed their transformative and self-sustaining healthcare ecosystem powered by blockchain technology and Artificial Intelligence with the purpose of strengthening existing healthcare systems by offering both a proficient and secure way of storing and accessing patient data.

To that end, Immunify.Life has developed The Immunify.Life App and Wallet that acts as a custodial service for all healthcare data and an incentivization platform to catalyse health outcomes. The app is powered by the Immunify.Life system that collects treatment data at an individual level and connects to doctors, patients, pharmacies, and pharmacology using a secure bridge.

All the data recorded and provided is de-identified to ensure patient privacy and is compliant with the US HIPAA Standards. The app can be used on a mobile device to provide medical professionals ease of use in real-time. The Immunify.Life app is free to install and offers everyone equal access to encourage its use.

Do you know about any of the above-mentioned projects? Do you have any ideas on which one can actually bring a change in the Healthcare industry?