As a result of the pandemic, medical care had to face new challenges, adapting supply chains, developing treatments, trials and vaccines in a short time.
In the same way, they fight to protect medical data and to be able to use it later in a safe way.
The Blockchain demonstrated its importance in health care, generating trust and facilitating collaboration, being at the forefront to face the challenges that arise.
The importance of the blockchain is established by:
Maximum transparency
Through the blockchain, organizations use a distributed ledger, transactions and data are recorded identically in multiple locations. All network users get the same information at the same time, providing full transparency. All transactions are recorded with no changes guaranteed and are date and time stamped. This eliminates any opportunity for fraud.
Security
With blockchain, a record is created that cannot be modified and has end-to-end encryption, allowing secure transactions without the possibility of fraud and unauthorized activity. Privacy concerns can also be addressed on the blockchain by anonymizing personal medical data and using permissions to prevent access. The data is stored on a network of computers, which makes it more difficult for hackers to see the information.
Maximum speed and efficiency
Blockchain allows the optimization of the number of transactions, being carried out more quickly and efficiently. Documentation can be stored on the blockchain along with transaction details and reconciliation is not necessary, so clearing and settlement can be much faster.
Traceability in real time
Blockchain creates a footprint that documents the provenance of an asset at every step of the process, and provenance data can be shared directly with customers. It is important to note that traceability data can also expose weaknesses in any supply chain.
Automation
Transactions can also be automated with “smart contracts”, which increase your efficiency and further speed up transactions. Smart contracts reduce human intervention and reliance on third parties to verify that the terms of a contract have been met.
