The Impact of Blockchain Technology on Transforming Healthcare Systems
Year: 2024
Type: article
Abstract: The transformative impact of blockchain technology on healthcare systems, focusing on critical challenges like data security, interoperability, and inefficiency. By leveraging its core principles of decentralization, transparency, and immutability, blockchain offers innovative solutions that could revolutionize various aspects of healthcare. The paper begins with an overview of blockchain technology and its relevance to the healthcare sector. It then examines how blockchain enhances data security through tamper-proof patient records and secure, interoperable data exchanges. The paper also analyzes blockchain's role in supply chain management, highlighting its potential to increase transparency, traceability, and trust, thereby combating counterfeit drugs. Additionally, it explores blockchain's applications in clinical trials and research, where decentralized and transparent data sharing, along with smart contracts, can improve intellectual property management. The discussion extends to blockchain's potential to streamline administrative processes, reduce fraud, and empower patients by giving them control over their health data.
Source: Nanotechnology Perceptions
Authors: Shrawan Kumar Sharma, Dr. Firoj Parwej
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W7217836738