Judging by recent events, the healthcare industry should be our number one priority. And yet it still suffers from the lack of innovation.
On the one hand, we’ve got 3D printing of medical models, medical chatbots, and robots that help with heart treatment. And at the same time, the majority of hospitals around the world are still using an archaic way of storing and recording data.
Issues of the Modern Healthcare System
One of the biggest issues with modern-day healthcare is handling patients’ data. Despite all the progress that humankind has made in the healthcare field, surprisingly the problem with matching patients with their medical records hasn’t gone anywhere. This, in turn, drastically lowers the efficiency of medical treatments.
At the same time, healthcare is also a money-making industry and hospitals often are not so keen on losing their patients. Consequently, they engage in information blocking activities which clearly hinder the development progress.
Moreover, data breaches to this day are still happening on a regular basis. Stealing medical data has become as common as stealing banking information. And yet we still do not have a universal system of storing and distributing patients’ information between various healthcare facilities.
But data is not the only thing that can be stolen, drugs are also in high demand. The pharmaceutical industry can benefit from advancing its supply chain and monitoring how the drugs are being distributed to prevent stealing and illegal circulation.
These are just a few major issues.
Obviously, above all, the healthcare space needs to develop a secure and accessible way to handle medical data. Distributed ledger technology deals with data management firsthand and it’s no surprise that many medical startups are developing their own blockchain solutions.
Blockchain Projects in Healthcare
From data management to fighting drug counterfeit and innovating wellness solutions, there are a lot of promising healthcare projects that use blockchain tech to improve the modern-day medical system. Most of the projects are focused mainly on the patient while helping to redefine the work of medical institutions at the same time.
Solve.Care is trying to find a new approach to healthcare by changing the way we access, deliver, manage, and pay for it. The project is using blockchain technology to connect patients and medical facilities and provide easy access to benefits, care, and payments.
The platform’s ultimate goals include making access to healthcare accessible to anyone, administering healthcare in a more efficient way, making sure that providers get their payments in a timely manner, improving outcomes, and reducing costs.
Medicalchain gives priority to the interests of the patients. Its goal is to create a single version of the patient’s medical data and give them the ability to share it with anyone within their network. Medicalchain uses blockchain tech to unite pharmaceutical, research, and insurance companies with patients, so they can access necessary data securely.
The project has already released MyClinic.com – an app that offers immediate retrieval of health records, communication with doctors, and the ability to share medical records with them. Later doctors can add new changes to the record based on the online consultations they’ve had. This approach strives to increase the quality of daily healthcare and quality of life.
Patients are the main priority of the majority of blockchain healthcare projects, and MediBloc is one of them. The company works on structuring big data and creating one universal distribution channel. MediBloc’s blockchain, Panacea, offers a private and reliable way to store medical data.
The platform will become the basis for various additional services for personal healthcare, disease prediction, drug development, and others. At the moment, MediBloc has released a Medipass application for patients to access their medical records and make insurance claims.
Dentacoin brings together two seemingly unrelated things – blockchain technology and the dental industry. With nearly 2,000 dentists on board and more than 100 locations accepting Dentacoin, the project is actively expanding on a global scale. Since its launch in 2017 Dentacoin released several platforms dedicated to improving existing dental solutions.
Trusted Reviews offers patients, invited by their dentists, to leave detailed, verified, and incentivized dental treatment reviews. This benefits everybody – patients get rewards for their feedback and dentists, in turn, get the motivation to improve their work.
DentaVox conducts market research surveys and collects valuable information from the customers who, in turn, get rewards in exchange for sharing their time and experience.
DentaCare, a mobile app that educates children and adults on the topics of dental care and oral hygiene.
All the rewards are paid in Dentacoin or DCN, an ERC20 token. DCN is accepted by dentists, laboratories, suppliers, manufacturers and other companies within the Dentacoin network. And you can store, send, receive, and exchange Dentacoin in Lumi Wallet.
Every year, more than 800,000 people die from using fake drugs. French startup Blockpharma is focused on fighting the global problem of drug counterfeit with the help of blockchain technology.
The idea is simple – consumers can check the authenticity of the product using the app. The app analyzes data provided by pharmaceutical companies and all you need to do is scan the QR code of the drug box and get instant results.
EncrypGen offers everyone who’s ever done a DNA test to sell their data. At the same time, pharmaceutical companies and labs that look for data suitable for their research can register as data buyers and find the specific material they need.
Not only will this concept help with scientific research and other healthcare solutions, but individuals will also get the chance to win back the money they’ve spent on doing the test.
EncrypGen even has its own Ethereum-based token – DNA. You can use this token to purchase DNA data or store it in Lumi Wallet as an investment.
The Lympo project promotes a healthy lifestyle in the most effective way possible – users get paid for completing their fitness goals. The mechanics are simple – users connect their health and wellness wallet with health apps and sports gadgets, setting specific fitness tasks. If they manage to complete the tasks, they get token rewards. Additionally, their activity log can be saved for use in the future.
The platform also has its own marketplace that offers healthy lifestyle goods and services in exchange for data. It also offers tailor-made health and fitness advice based on saved data or personal preferences.
Robomed Network develops EMR/CRM solutions for various healthcare providers. Their mission is to create a thriving healthcare ecosystem and provide patients with a universal point of care solution.
One of their products, Robomed EHR, is going to improve the work of private clinics and hospitals. This can be achieved by optimizing all the business processes from introducing medical knowledge standards to adding transparency and automating every single process of the medical facility.