“Health is like money, we never have a true idea of its value until we lose it.” – Josh Billings
Healthcare is an industry that has a massive impact on people’s lives. Its fundamental nature makes it a very vital part of the economy. As other industries are moving into the 21st century, so is healthcare, with a multitude of innovators entering the market.
Blockchain and AI hold the potential to add meaningful value to the industry and positively impact people’s lives. Through them, we can ensure secure documentation, revolutionize medical histories and enable advanced diagnostics practices to drive the industry forward.
The healthcare industry can utilize the power of artificial intelligence to massively improve diagnostic practices by making them more accurate and faster. Huge data sets can be crunched in record time and more precise analysis can be carried out using advanced algorithms.
Automating diagnostic processes with cutting-edge AI can drive the industry forward by fostering innovation and spreading the power of healthcare in far-away and hard to reach areas.
Documentation becomes a huge task in healthcare simply because of the volume generated. This cumbersome process takes away from healthcare being provided to individuals by focusing a lot of resources on the management of this documentation. Additionally, legacy systems lead to data leaks and improper retention.
By onboarding documentation to the blockchain, we can ensure transparent, secure patient documentation. By making the system less cumbersome, we can ensure better delivery of services to patients.
Medical history today is scattered and the rate of information loss is very high. Hospitals usually have a monopoly over a patient’s history and ensure that the patient cannot migrate to a different provider. Patients regularly lose out on information that can be vital for future diagnosis.
By moving medical history on the blockchain, we can ensure that a patient’s details are easily accessible and secure and that the right to that information lies with the patient and not a third party.