The past 18 months have been challenging for both healthcare workers and patients. The pandemic made it abundantly clear that global healthcare systems require a makeover and using novel technologies such as blockchain technology can significantly improve the current status While humans are quick to adapt to new trends, infrastructure changes are more complex to implement, and changing the entire architecture on a global scale can be a time-consuming and costly task at the very least.
Present Healthcare Systems
Currently, healthcare infrastructure relies on legacy systems, which is an umbrella term used for any older clinical technology system. However, these legacy systems can create several issues with one of the most important ones being their inability to provide updated and real-time patient information and data which is critical in managing a global pandemic.
Due to inefficient management of patient data, medical supplies, the chain of records, transactions, and many more essential data requirements, the shortcomings keep on piling up. Efficient and affordable healthcare models require a secure, sustainable and scalable system that can quickly capture, compile and store all necessary data.
Blockchain technology has come up as an expert solution because of its global connectivity, speedy recording of data, low cost, and immutable security & transparency.
Blockchain-Powered Healthcare System
To understand the complete potential of blockchain technology to optimize global healthcare systems, it is vital to understand how the underlying distributed ledger technology (DLT) works. DLT leverages cryptography and decentralized peer-to-peer computing to verify and propagate a chain of transaction records across a global network.
Blockchain is a tamper-resistant network where the healthcare data can be stored anonymously to create a seamless to-and-fro movement between patients and healthcare organizations.
What do you think does the shift from legacy health IT Systems to novel technologies is a must? Also, Is there an example of any platform working towards this?