Here are some of the characteristics of the blockchain technology that can help the healthcare industry:

-A distributed network – Blockchain technology would eliminate the need for a central administrator, and the healthcare industry needs quick access to the data of a patient while keeping the information secure and confidential

-Step-by-step recording – you can add new information, but you can not delete old one

-Global Access – the doctor can quickly find out blood group, diseases, allergies, etc. so there is no need to repeat tests. This will increase the speed of the treatment

-Standardization – Blockchain electronic health records will make it possible to move to a single international standard and protocols

Implementations of the Blockchain Technology in the Healthcare Industry:

-Making Health Records More Accessible – currently, you have to physically carry your medical data from one doctor to another. Patient records like diseases, laboratory results, and treatments could be stored using Blockchain

-Improving Medical Record-Keeping – the database is not stored in one place, but on thousands of computers. Hackers cannot destroy or replace data

-Supply Chain Management – full transparency in the shipping process

-Cutting Costs – (data breach-related costs, IT costs, operations costs, support function and personnel costs, counterfeit-related frauds and insurance frauds)

-Stop Counterfeit Drugs – every transaction between the manufacturer and the distributor would be recorded in a chain. The system will allow you to check the drugs for authenticity, and see the whole history of the movement.

-Research and Clinical Trials on Drugs – creating a single global database to put all data in one place

-Prevention of Insurance Frauds – patients must enter their data to be verified and stored, and health insurance companies must have access to that data

-Manage the Outbreak of Diseases – by watching the trail of outbreaks, scientists can find the origin of a disease and patterns to help suppress it

-Faster Consent Management – Patients often waste time filling out forms. When a patient visits the doctor; the blockchain ledger can be updated

-Selling Medical Data on a Blockchain Marketplace – researchers are always looking for medical data for their activities

Other Implementations:

-Tracking Medical Credentials for Physicians

-Improving the Security and Control of Transactions

-Making Patient-Doctor Interactions easier

-Evolving Clinical Trials

-Drug Supply Management,

-Faster Diagnoses and Care Plans

-Bookkeeping and Financial Reporting

-Finding the Right People for Medical Trials

-Implementation of Smart Contracts in Healthcare etc.