Why do we need Blockchain in Healthcare?
Insufficiency in cross-vertical data sharing due to siloed storage and management of medical records.
Despite agile processes, healthcare institutions, pharmaceutical vendors and other stakeholders in the healthcare ecosystem operate in silos and thus lack in-the-moment updates. Such insufficient interoperability puts high volume of healthcare metadata vulnerable to duplicity and frauds. Blockchain development for healthcare is changing this by addressing the following key lapses:
- Patients are bound to avail medical services that are irrelevant to their current care.
- Physicians have to spend additional effort to access, browse, and understand the medical history of a patient. It poses risk of inaccurate decision making in emergency cases.
- Poor tracing of first & last mile delivery verticals causes rise in influx of fake drugs in the stores. These are even more dangerous when active ingredients are altered or in unauthorized proportions.