Blockchain Breakthroughs in Healthcare: Creating Smart Contracts With Patients

Healthcare continues being the most in-demand industry, as well as having the biggest hurdles to meet demands. A lot of this has to do with finding the right technology to streamline treatment for patients. Unfortunately, healthcare has to continue using the same technology to do transactions or process data. A lot of this technology still isn’t up to speed on security.

We’re talking about standard network platforms, including the cloud. All of these can’t completely guarantee safety for patient data, despite medical facilities using security software.

If they can’t stay safe, will we ever see a solution to stay ahead of hackers? Blockchain is the answer, and it’s starting to grow thanks to recent tech partnerships.

Creating the Newest Blockchain Solution

Not long ago, a healthcare API company called PokitDok teamed up with Intel to create a blockchain network for the healthcare industry. Their partnership decided to call their solution “Dokchain”, which many now deem the first real successful blockchain technology for healthcare.

The intention is to create a network working just like bitcoin did when using blockchain as its foundation. It’s going to create a safer network allowing transactions to take place without fear of hackers tapping private data.

What’s made this significantly important is Intel’s involvement in the project and their Software Guard Extensions technology to enhance security. They’ve managed to create this network with reinforced security, scalability, and privacy.

So how will this new blockchain solution change the flow of healthcare data?

Creating a Smart Contract

One of the biggest advancements in blockchain is the smart contract, basically enabling a machine-to-machine network for faster transactions and communication. Using a smart contract helps you send patient invoices and have them process immediately rather than going through a protracted intermediary.

The same goes with sending patient health data without fear of it being compromised. Most importantly, any data sent goes on permanent record thanks to blockchain being a digital ledger. When sending a prescription, for instance, the patient or your medical facility can track whether it was truly sent.

For order management in medical supplies, it’s also going to become invaluable. In emergency situations where you need fast medical supplies, there wouldn’t be a middleman involved to slow things down.

With PokitDok’s base technologies, they’re hoping many in the healthcare industry use their system as a springboard to finally bring a blockchain standard.

If healthcare can do it, it’s more than possible for blockchain to dominate other industries sooner than later.

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