- 24 Dec 2021
- Reading time
- 2 minutes
Will Blockchain Disrupt the Canadian Health Care Industry?
Have you been hearing about blockchain recently? This is a way that information can be recorded and it has a reputation for having a system that is very difficult to hack. It is becoming very popular and it looks like the next place it is going to be heading is for the health care industry in Canada. But, what can it bring to the sector and is it really going to make that much of a difference? Let’s take a look at how blockchain can disrupt the Canadian health care industry in the next few years.
Safely Share Data
If there is one thing that healthcare institutions struggle with, it is the ability to share data with each other in a secure way and across different platforms. This is something that can have a lot of negative effects and it can mean slower diagnosis. So, this is where blockchain technology can come in. It may be able to provide the answer and allow improved data collaboration between different healthcare institutions. Patients can benefit from better treatment, as well as more cost-effective health care.
Unfortunately, all over the world, there have been a lot of data breaches and this is particularly true when it comes to healthcare. Patient records have been compromised, which has caused outrage and it can be dangerous. A lot of people are looking for ways to tighten the system and make sure that these breaches do not happen again. Well, one way that you can improve security for patients is by using blockchain. This is going to allow better data security, according to a Cambridge based dentist. If there is a hack, each patient has a public identifier or private key. In other words, this would mean a breach would be to one single person and not to thousands of people. This makes it a lot more unlikely that someone would look to hack into blockchain technology.
If there is one thing that we have all learned lately is that you have to track diseases in order to stop them in their tracks. This means real-time monitoring. Well, thankfully this is something that blockchain can help with. It offers the ability to report disease in real-time and track what is going on. This allows patterns to emerge and for transmission to be monitored. Overall, blockchain can allow for diseases to be tackled or controlled.
Tracking Medical Supplies
Blockchain is not just for patient records, but it can also be a good idea for tracing medical supplies. It is going to allow for an honest and transparent trail of where they are coming from. In addition, it can even help companies lower their carbon emissions and make improvements to supplies.