J. Gopal Rao, COO of the blockchain and Lancor Scientific artificial intelligence cancer screening company in London, England, discusses how blockchain technology can help to share and protect patient data better than before.
The answers have been slightly modified for clarity and length.
Question: where is the blockchain in the health sector now?
J. Gopal Rao: The growing spread of blockchain technology in the health sector is a function of how much more "data-date" this industry and medicine in general. Blockchain is a way to cope with the growing amount of data that the healthcare industry is churning out. Not only is health care becoming more and more "data-date," big data has been prevalent in the industry since the beginning. Health care depends on accommodating patient data on the platforms.
There have been several solutions over the years, but I think blockchain offers the first scalable, instant and secure network. Inside, blockchain technology allows people to securely host and share data.
Q: How will blockchain technology continue to develop in 2019?
GR: In 2019, blockchain technology is helping to envision a process whereby patient data are never lost or illegally accessed. Patients can own their data and better manage their health care, while ensuring that doctors have a holistic view of existing conditions and treatments.
Q: What do you think will be the most significant blockchain applications in the healthcare sector over the next five years?
GR: Blockchain is and will continue to improve results for healthcare professionals and patients. We are noticing big companies and governments take note of the technology. The support of the Austrian government in a blockchain company such as Lancor Scientific at national level will help to quickly track innovation and allow people to use digital currencies for daily use, whether for online shopping, for pay a mortgage or even to manage cancer treatment. The political support of technology is crucial for its mass adoption.
When we talk about cancer screening, blockchain technology allows better targeting of at-risk groups because the available data is better. Patients have their health data when blockchain technology is used, so data has a much greater integrity than can be achieved in other data management models.
In summary, blockchain technology will enable data confidence across the healthcare system by making patients proprietary of their data.
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