Blockchain Opportunities for Healthcare
Blockchain technology can revolutionize health care, placing the patient at the center of the health care ecosystem and increasing the security, privacy, and interoperability of health data. It also has the potential to reduce the friction and costs of current intermediaries. The promise of blockchain has a variety of implications for the healthcare system. Capitalizing on this technology can connect systems to generate insights and to assess the value of care better.
Interoperability is a top priority for the healthcare industry. Blockchain technology offers a decentralized system of health data exchange that protects and helps authenticate health information. It also eliminates the burden and cost associated with data reconciliation by enabling easy access to real-time health information.
With blockchain technology, barriers to supply chain tracking can be eliminated using artificial intelligence based add ons to build proof of ownership data for medicines. Blockchain technology can aid in reducing the incidence of errors and fraud in clinical trial records by providing permanent records of clinical trials and results. Additionally, Blockchain-enabled technology can address outcome switching and selective reporting in clinical trials.
Blockchain technology bridges the gap of data interoperability, ensuring security and privacy of the internet of medical things use. It guarantees information authenticity by anchoring data to the public blockchain, resulting in the creation of proof of data security. It also provides a decentralized platform of ownership by tracking transactions made through the system.
It also presents numerous opportunities for healthcare, but it cannot be immediately applied. Various organizational, and technical challenges must be, addressed before a health care blockchain can be adopted by organizations globally.
Blockchain technology creates unique opportunities to reduce complexity, collaboration, and generate secure and immutable information. To shape the future of blockchain healthcare organizations should consider mapping the blockchain ecosystem, establish a blockchain framework to coordinate adopters, and support a consortium for discovery and dialogue.
By Tom Farrah, CIO & SVP, Dr Pepper Snapple Group
By George Evans, CIO, Singing River Health System
By John Kamin, EVP and CIO, Old National Bancorp
By Phil Jordan, CIO, Telefonica
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
By Dennis Hodges, CIO, Inteva Products
By Bill Krivoshik, SVP & CIO, Time Warner Inc.
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
By Sven Gerjets, SVP-IT, DIRECTV
By Marie Blake, EVP & CCO, BankUnited
By Lowell Gilvin, Chief Process Officer, Jabil
By Walter Carvalho, VP & Corporate CIO, Carnival Corporation
By Mary Alice Annecharico, SVP & CIO, Henry Ford Health System
By Bernd Schlotter, President of Services, Unify
By Bob Fecteau, CIO, SAIC
By Jason Alan Snyder, CTO, Momentum Worldwide
By Jim Whitehurst, CEO, Red Hat
By Marc Jones, Distinguished Engineer, IBM Cloud Infrastructure