Blockchain has the potential to revolutionize healthcare data management by providing a standardized and decentralized system for storing electronic medical records. It allows different healthcare stakeholders secure access to patient data without special software or databases. By encrypting data and only allowing access with a private key, blockchain increases security and privacy compared to traditional systems. It also gives patients more control over their own health data by allowing them to own and potentially sell their genomic data if they choose. Overall, blockchain could significantly improve how electronic health records are securely shared and stored across the healthcare industry.
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How blockchain is revolutionising healthcare industry’s challenges of genomic data storage and protection
1. How Blockchain is
Revolutionising Healthcare
Industry’s Challenges of
Genomic Data Storage
and Protection?
PRESENTED BY TYRONE SYSTEMS
2. Once a blockchain has been introduced
to manage electronic medical records, it
becomes the long sought after
standardized method of digital health
data management. Hospitals and care
providers will no longer require specific
software or databases to access patient
data.
Managing electronic medical
record (EMR) data
3. First, blockchains enable decentralized
management; they are suitable for
applications where healthcare stakeholders
(e.g., hospitals, patients, payers, etc.) . Finally,
they increase the security and privacy of
data; data is encrypted in blockchains and
can only be decrypted with the patient's
private key.
Protection of
healthcare data
4. Blockchain technology has the potential to
enable more secure, transparent, and equitable
data management. In the healthcare domain, it
has been applied most frequently to electronic
health records. In addition to securely managing
data, blockchain has significant advantages in
distributing data access, control, and ownership
to end users.
Personal health record
data management
5. According to Timi Inc., which is a blockchain
platform company, an individual patient's data
is estimated to be worth as much as USD 7,000
per year. Most of the mHealth companies
developing blockchain services target the
potential of patients to own and sell their
health data with a focus on personal Electronic
Health Records (EHRs) and wellness routine
profiles gathered by wearable sensors, as well
as the personal (at-home) genome.
Point-of-care genomics
management
6. Blockchain could reinvent the way patient’s
electronic health records are shared and
stored by providing safer mechanisms for
health information exchange of medical data
in the healthcare industry, by securing it over
a decentralized peer-to-peer network.
Electronic health records
data management