Paper Title :Blockchain Within Healthcare

Author :Pranita Memane, Shubham Phadnis, Yash Chaudhari

Article Citation :Pranita Memane ,Shubham Phadnis ,Yash Chaudhari , (2023 ) " Blockchain Within Healthcare " , International Journal of Electrical, Electronics and Data Communication (IJEEDC) , pp. 10-15, Volume-11,Issue-1

Abstract : Abstract - Blockchain technology makes it possible to have a distributed, decentralized ecosystem without the need for centralized power. Transactions are safe and reliable because of the application of cryptographic concepts. Blockchain technology has dominated several industries in recent years, largely because crypto currencies are so well-liked. Since it can help unify disjointed systems, enhance the quality of electronic medical data, and adopt an approach that focuses more on patients, the healthcare sector is one where blockchain technology has immense potential. Authentication, security, immutability, distributed ledger, and decentralized storage are just a few of the characteristics that come standard with blockchain. Due to strict regulatory requirements like the Portability of Health Insurance and Accountability Act of 1996, blockchain applications in the healthcare industry typically require stricter criteria for authentication, interoperability, and information sharing (HIPAA). Numerous facets of health and welfare might be improved by blockchain technology. These include medical insurance, medication tracking, clinical trial tracking, and device monitoring. In a blockchain infrastructure for device monitoring, hospitals may keep track of their assets over a gadget's entire lifecycle. The information acquired may then be applied to enhance patient safety and offer post-market analysis to optimize cost savings. Numerous healthcare applications based on blockchain are described in this article, such as supply chain transparency, smart contracts, credential verification, and electronic health records that are centered on the needs of the patient.

Type : Research paper

Published : Volume-11,Issue-1

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