The Anatomy of Blockchain in Healthcare

The Anatomy of Blockchain in Healthcare

Blockchain
October 12, 2021 by Editor's Desk
545
In the existing healthcare system, data is stored in fragmented silos with private or personal data storage systems that cannot interconnect with each other. Not only do segregated networks create a barrier for the patient to obtain global healthcare but it also allows for mismanagement and theft of data.   The solution to these problems
The Anatomy of Blockchain in Healthcare

In the existing healthcare system, data is stored in fragmented silos with private or personal data storage systems that cannot interconnect with each other. Not only do segregated networks create a barrier for the patient to obtain global healthcare but it also allows for mismanagement and theft of data.

 

The solution to these problems is obvious with the adoption and growth of blockchain technology; a distributed ledger that has a global reach and is ever-expanding. Blockchain was initially intended to serve as a payment ledger for cryptocurrency transactions, but has grown into a branch of its own with unlimited functionality.

 

Storing healthcare data on blockchain will not only allow for a global patient healthcare system but will also improve the security of the data stored and the speed of data retrieval. Data, once registered on the blockchain, requires a massive amount of computing power to manipulate which still leaves a footprint of the initial data. Moreover, all the data registered on the blockchain is encrypted and can only be viewed using a blockchain explorer. These advantages to the technology make it a suitable candidate for bringing a revolutionary change to the global healthcare industry. 

 

Among several blockchain healthcare projects, Immunify.Life is one of the platforms focusing on securing patient data and giving the user complete access and control of their information.

Immunify.Life – Data For Life

Immunify.Life is a unique AI-supported digital registry utilizing blockchain technology to secure patient data while also leveraging Big Health Data to serve the global healthcare community in a more equitable and informed fashion. The project further decreases the dependency of growing economies on international aid by designing a self-sustaining and robust system capable of protecting and saving lives. 

 

Immunify.Life utilizes Artificial Intelligence to introduce a smart health ecosystem that can seamlessly integrate with an existing healthcare ecosystem to modify it from the core. 

 

Immunify.Life has developed a cryptocurrency for health, called The Immunify.Life Token (IMM), that powers the project’s arsenal of services and products. The token will play a vital role in bringing major behavioral change in disease interaction and management while ensuring an unparalleled quantity of reliable medical and consumer data. 

 

Platforms such as Immunify.Life are living testaments of the potential of blockchain technology in optimizing the healthcare industry’s architecture and bringing about a much-required transformation.