How the blockchain could influence the future of payment transactions in the healthcare sector


Michael Dershem, CEO and founder of MAPay, a blockchain-based health care payment platform in Voorhees, NJ, discusses the possibilities for the use of blockchain in healthcare, from rapid diagnosis with artificial intelligence technology to a process of more streamlined payment transaction.

The answers have been slightly modified for clarity and length.

Question: where is now the blockchain in the health sector and how will it develop in 2019?

Michael Dershem: The state of the blockchain in health care today is similar to the state of the blockchain in almost all sectors. Most see it as a revolutionary form of technology. There are many who see that it is a passing fad that will one day pass. And since the C-Suite has seen very few real cases, the speed of adoption has been hampered, especially in the United States. I also believe that technology itself can be affected by reputational risks, while many find it difficult to separate blockchain technology from Bitcoin's foreign currency market. I believe we are about to see a real and sustainable business use in the areas of corporate and micro payments, access and use of multiplatform data and, finally, a rapid diagnosis resulting from artificial intelligence. inside of blockchain.

Q: What do you think will be the most significant blockchain applications in the healthcare sector over the next five years?

MD: The fundamental nature of the blockchain is that it is a verifiable record that provides a historical record that can not be changed or interfered. The case of use for patient records in areas such as population health management, dynamic diagnosis, clinical trials and disease management protocols are evident. In addition, smart contracts could be created around the transaction payment transaction that would collapse the costs of financial transactions and eliminate the ambiguity and inefficiency that exists today.

Q: What do the blockbenches of blockchain hospitals and healthcare systems know today?

MD: Although there are zealots out there who diligently preach about how the benefits of blockchain will improve the rate of adoption in health care, these same lawyers often damage their acceptance. Today, Blockchain is not ready for the first time in many areas such as the safety, speed and cost of gas to manage these networks. A more prudent and pragmatic approach is to build hybrid architectures that use legacy database structures with the introduction of distributed accounting technologies. This provides a platform where blockchain technologies can be tested and considered reliable.

To attend the future Becker question and answer session, contact Jackie Drees at [email protected].

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