Blockchain Transforming Industries:Health-Care (Part 2)
Businesses and the way we conduct them have been redefined with the advent of Blockchain, which is not just a revolutionary technology but carries the solution to many of the existential pitfalls plaguing myriad industries across the world.
In the previous part of Blockchain Transforming Industries:Health-Care, we looked closely at the ways in which the utilization of digital ledger of Blockchain technology could potentially disrupt the existing Health Care landscape.
Blockchain in Healthcare
Furthering this series, we look at some real-world Health Care solutions that have leveraged the power of Blockchain with an aim to offer innovative and exciting methods for participants of the Health Care industry to scale and streamline operations.
Doc.ai
Powering Health Care through Ethereum Blockchain and AI.
Personalized and intelligent healthcare, that is what Doc.ai intends to offer through an innovative and impactful AI (Artificial Intelligence) that is not only self-learning, but resourceful enough to offer advice and aid to patients by analyzing the multitude of health data stored on the platform built on Ethereum Blockchain.
Ali Health
Bringing Blockchain to the masses
The world renowned Alibaba’s health subsidiary Ali Health (short for Health Information Technology Ltd.) is joining hands with the Chinese government to revolutionize the Health Care industry in the world's most populous country on a massive scale. The collaboration between the two entities aims to incorporate the country’s health records onto the Blockchain.
Patientory
Securing Healthcare
Allowing storage, management and sharing of medical information in real time on a native mobile application, this innovative healthcare solution is secure and decentralized and comes with its own token. Patientory is a healthcare cyber-security startup that is revolutionizing the way patients track their medical history.
Factom
Blockchain as-a-service in the healthcare domain
Offering Blockchain as-a-service (BaaS), this technology company has had a meteoric rise since it’s launch in 2015. Factum has its own native currency factoid, and its decentralized, open-source cryptocurrency platform allows developers to build applications on the Blockchain in a cost effective manner. Now looking to transform the Health Care landscape, the company received a grant from the Bill and Melinda Gates foundation to create a medical record repository on the Blockchain.
These were just some of the ongoing innovations in the Health Care sector.
There are several industry heavyweights like Microsoft, Accenture, PwC, IBM that are developing solutions directed towards the Blockchain implementation in the Health Care industry.
Transforming the Health Care Industry
Health Care is a vast and crowded space, probably one of the world’s pivotal industries.
With the inclusion of the Blockchain system, we can expect a promising future in this domain with a system that is more robust, secure and transparent.
It wouldn’t be wrong to say that Blockchain is the most transforming technology ever since the Internet itself came into existence. Blockchain has been impacting lives and transforming industries at a frantic pace, with decentralization as its motto and transparency as its key, it is sure to revolutionize the existing industrial ecosystem in a big way.
Watch out for our next blog in the ‘Blockchain Transforming Industries’ series as we analyse another industry.
