Blockchain software applications in health industry

Healthcare industry uses digital methods for maintaining electronic health records.

From the patients personal information to diagnostic reports, and doctors prescriptions, healthcare organizations, currently use the centralized database for saving data.

IBMs Institute for Business Value Blockchain interviewed 200 healthcare executives and found 16% of them are willing to deploy a commercial blockchain solution.

Data generation

To integrate blockchain in healthcare, first, we need to understand the scope of data and where and how it is being generated.

At every stage of medical treatment, whether it is a consultation, diagnosis, or surgery, healthcare companies generate sensitive and crucial medical data.

Electronic health records(EHR) contain exploitable information like name, address, place where you work, prescribed medicines, number of doctor visits and payment methods. A Medical record also contains sensitive protected health information like HIV diagnoses, cancer diagnoses, or psychological conditions.

Saving data on blockchain doesnt mean no-compliance. In fact, blockchain will make compliance enforcement more seamless and transparent. HIPAA (Health Insurance Portability and Accountability Act) Compliance ensures the protection of patient data. Healthcare vendor that deals with patients protected health information should follow HIPAAs security measures.

HIPAAs privacy rule allows all the involved members to access and disclose only de-identified data. It is essential that the compliance check is maintained before the health records get saved on the blockchain.

Add further information related to the timestamp, demographics, involved stakeholders, and eventually sign and provision the data to be stored on the blockchain.

The completion of the above steps adds value to the data to be stored on the blockchain.

We shall now discuss how health records can be stored on the blockchain. Even more on Healthcare blockchain, Healthcare units can directly query the blockchain: Unlike the traditional process, doctors or health insurance companies dont need to approach a patient for accessing their health records. Healthcare institutes can submit their queries via APIs and access the patients non-identifiable information through smart contracts.

Lets understand how different healthcare providers could consume data using smart contracts:

a. When the data is saved on the blockchain, smart contracts are triggered.

b. Healthcare provider receives the patients report with a hash that hides the identity.

c. Whenever a diagnostic lab or any other healthcare provider would request to access the patients health records, smart contracts notify the patients.

Smart contracts contain business logic about who gets what.

Insurance companies could only access the information related to billing and patients diagnostic reports, but no other details such as doctors notes or prescriptions.

Data Mining and AI in Healthcare Blockchain

For example, if a research company wants to get the analytics for HIV disease, smart contracts would enable them to access details like HIV type, most-affected city or country, age group, and gender while hiding the personal information of patients.

Heres what benefits could Blockchain bring to the Healthcare Industry

Simplified Approach to Data:
Unlike a traditional way of managing information, healthcare records can be shared across multiple nodes using the healthcare blockchain.
The need for storing data in multiple databases could be removed, hence, enabling the simplified approach to access the information.

Blockchain Consulting Services

A blockchain is a database with user-distributed validation. If youve ever heard of Bitcoin, youve seen one of blockchains biggest current applications. Through our workshop, youll develop a deep understanding of how blockchain works and why developers are becoming so interested in the technology. Well start by reviewing current blockchain-based models such as cryptocurrency, business order tracking, banking, and contract validation. By the end of our workshop, youll know how cryptocurrencies function, which emerging startups are currently getting funded in the blockchain scene, and why blockchain ledgers are considered the technology of the future.

Over the past decade, the Internet and software have made the transaction of money practical. You can easily shop online and trade securities. But transferred financial assets go through correspondent banks, archaic systems linking clearing houses, and central depositories. Sometimes it takes many days for the funds to reach an account or purse to settle. Not only are these systems slow, but they are expensive and unsafe. Blockchain development is addressing this problem by restructuring fundamental business transactions, including money market transactions, and introducing new forms of digital interaction.

The high importance of blockchain has attracted the attention of organizations in different sectors, with banking sector being the most active at this stage. Blockchain has resulted in the development of thousands of new job positions and new startups ranging from mobile payment solutions to health care applications.

Whether you need a prototype or a production-ready platform, our engineering teams deep experience in cryptocurrency, data science, and serverless computing can help you leverage the benefits of blockchain. We will evaluate potential blockchains for your project, including Ethereum, Hyperledger, EOS, NEO, Tezos, and Qtum, and choose the best fit, like when to use private permissioned blockchains such as Quorum.

Today we are taking a look at an UAE blockchain developer software company, Leeway Hertz – blockchain technology company UAE

They provide various services including : Blockchain Consulting Services. We have helped our enterprise clients like TraceRx to come up with qualitative blockchain solutions.

Development Portfolio example:

Blockchain-based Pharma Supply Chain Solution

To track the movement of drugs from the manufacturer to the end consumer at global locations. Blockchain technology helps to maintain trust between all parties by capturing records from every location to the chain, eliminating paperwork. Ensuring no counterfeit medications slips because of lack of traceability. Ability to identify stock locations in case of a medical recall.

We convert ideas into practical applications that are scalable and reliable. We recommend following a process to test quickly and get product maturity at early stages. With the experience of building 100+ digital platforms for clouds, apps, and blockchain companies, we have tailored our process to match the ongoing blockchain industry changes.

Visual & Technical Design

Create User interface design for each software component
Design technical Architecture
Identify the level of focus on scalability and Security
Document technical GDPR compliance requirement
Create sprints and delivery milestones

Supporting the following platforms:

1. Ethereum – A decentralized public platform that runs dApps
2. Hyperledger – A provisioned private network meant to share data and process for enterprises
3. R3 – A solution for managing financial agreements
4. Stellar – Stellar is an open platform for building financial products that connect people everywhere.
5. EOS – EOS is a decentralized blockchain, which can process fast and free transactions.
6. Hashgraph – Fair, Fast and most secured acrylic graph DLT.
7. Corda – Corda is an open source blockchain platform for businesses.
8. Credits – Credits blockchain platform manages for creates financial services based on blockchain/ledger
9. NEO – NEO is a blockchain platform designed to build a scalable network of decentralized applications.