Combining old, outmoded healthcare institutions with new technology like blockchain may be difficult to grasp, but its applications are extensive. Understanding blockchain on a fundamental level may be beneficial. But, in a blockchain, individual data blocks appear in sequential order on a ledger, and each block is dependent on the one before it to maintain permanence. Because this ledger is public and evaluated by groups of users, any changes must be verified, and any hacking attempts must be detected and corrected as soon as possible. This system protects sensitive data, making it particularly useful in the field of healthcare.
Five blockchain applications in healthcare
With the proliferation of electronic medical records, the healthcare industry is constantly attempting to secure patient, hospital, insurance, and billing records. And, with so much data available, keeping track of it all while maintaining privacy can be difficult. With that in mind, let’s look at five use cases that demonstrate blockchain’s benefits in healthcare.
- Drug verification-The blockchain’s ability to act as a single source of truth can provide the supply chain industry with accurate and immutable records. In the case of prescription drugs, security is of the utmost importance. This is why tracking the process with blockchain is a great way to ensure compliance and safety.
- Medical data-Because patients see multiple doctors and their medical needs change, medical records must be easily transferable between healthcare facilities to ensure accuracy. Blockchain technology enables healthcare records to be updated quickly and securely.
- Credentialing in a hurry-Blockchain can help medical professionals keep their training and certifications up to date by expediting qualification verification. This reduces fraud and inaccuracies while also avoiding potentially dangerous situations.
- Insurance data in real-time-Blockchain creates a single source of truth to ensure interoperability and accessibility, which can provide medical providers and insurance companies with up-to-date information. It can also detect and prevent fraud using blockchain-powered smart contracts.
- IoT safety-The number of Bluetooth and wireless-connected devices in the world appears to have exploded in recent years. And the healthcare industry is no exception, with wearable medical devices that can improve patient health while providing valuable information about their condition to their doctor. The blockchain provides a platform to ensure accuracy and timeliness in gathering and storing this critical medical data.
One of the most interesting examples of Blockchain in Healthcare is Aimedis.
Aimedis describes itself as an innovative healthcare platform and medical data solutions provider that aims to digitalize the global health industry by leveraging technologies such as blockchain, smart contracts, and artificial intelligence (AI).
Aimedis aims to change how patients, doctors, and hospitals communicate, connect, and handle information as a blockchain-based medical data platform. According to reports, the platform is already operational in over 20 hospitals across three countries, serving over 10,000 patients. Patients can gain complete control over their health data with Aimedis, including online prescriptions and doctor consultations before, during, and after treatments. Using the Aimedis management system, users can store, secure, and share their medical information with only the people they want. Aimedis also intends to reduce the time spent in analog recording methods searching for patients’ information by securely storing data that can be retrieved quickly and easily.
Patients, researchers, and hospitals, as well as pharmaceutical and insurance companies, are the three main types of users who can benefit from the Aimedis DataXchange NFT marketplace.
Another unique example would be BeFaster.Fit
BeFaster. Fit is an innovative and ground-breaking business concept that uses blockchain technology and cryptocurrency to completely reimagine the sports and exercise industries. It is a fitness and running app that is designed like a game. Users are encouraged to run after money through the software. Users can track their steps, create goals, and keep active. They can get paid and experience points in exchange (XP). The software also includes a scoreboard where the best users are awarded at least 5% of the business’s monthly income.
Another function of it is “Challenge mode,” which enables users to challenge a running partner, business associate, or total stranger via a link. They honor everyone who is active, not just the best runner.
It offers to take on a variety of tasks, such as group, personal, private, fiat-crypto, and many more.
BeFaster provides two internal tokens as opposed to one, which is the norm for most rivals in the blockchain market: PAID (Personal Activity Internal Distribution) is an InApp Token that is awarded for active app use and running (1 PAID = 1 km). The PAID app features a wide range of capabilities. Additionally, BeFaster has created its own investor token known as The BeFasterHolderToken (BFHT). You are automatically regarded as an investor and are eligible for its benefits if you hold BFHT. The BFHT grants you the right to receive 50% of the business’s earnings.
Corum8 assisted both these companies as a marketing partner.
Corum8 assisted Aimedis in Public Relations. Aimedis was featured on sites like Bloomberg, einpresswire, and many others. With consistent social media marketing, they were able to boost the social media user base of Aimedis across all channels. Corum8 also worked on raising investments for Aimedis. They were sold out within three days during their IEO rounds.
Similarly, Corum8 also helped BeFaster.fit by raising funds during their ICO and IEO rounds & also Monitoring website traffic. Keeping a check on social media insights and total conversions, Corum8 also built a marketing strategy for BeFaster.Fit so that they can use these strategies to post content or promote their product in the future.
If you are someone who’s looking to develop or promote a similar project or any other project related to Blockchain, Ping us immediately!