Blockchain technology provides opportunities for health care by transforming the health care platform by making the patient the epicenter of the health care system and increasing the security and interoperability of patient and health data.

The blockchain technology could provide a novel model of health information exchanges by making electronic medical records more productive, efficient, and protected. Blockchain technology requires more investment and experimentation to demonstrate its benefits.

What is blockchain technology?

Blockchain is a distributed system recording and strong transaction records.  The shared record is built from linked transaction blocks and stored in a ledger. In a blockchain system, all transaction records are stored and exchanged across all participants hence there is no dominant authority.

What is the connection of blockchain technology with Healthcare?

Blockchain technology facilitates the transition to patient-driven interoperability. The blockchain technology helps patients to allocate availability and access rules for their medical data. For instance; allowing certain researchers to view parts of their data for a certain period. This gives more control to the patient over their sensitive data and helps to increase security and privacy. Through the blockchain technology, patients can also connect to other hospital facilities and collect their medical data automatically. The ledger technology of blockchain enables and assists the secure exchange of medical patient records and helps manage the medicine supply chain.

The future of blockchain technology in healthcare

Blockchain technology could become prominent in the health care industry. It offers interoperability by making all users of the network access that network and shows a complete transaction history. The ONC has also stood by the blockchain trend, petitioning whitepapers exploring how technology can advance privacy requirements and interoperability. Securing patient data is the gravest need in health care technology. It was noted that between 2009 and 2017 more than 176 million patient records were at the risk of data breaches and cyber-attacks. Cyber-crimes were committed by stealing credit cards and banking information and health records. Blockchain technology specifically addresses the risk of technology breaches through a decentralized and transparent log of all patient data.  Blockchain conceals the identity of an individual by using complex and secure codes to protect sensitive medical data. Many companies are adopting blockchain to healthcare security for example; BurstIQ a big data cybersecurity company in Colorado uses blockchain technology to enhance the way medical data is shared and used.

Blockchain technology helps to prevent data breaches and enhance interoperability making it a critical part of health care systems in due time.