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The health sector has always been an intriguing sector because of its conservative and private nature that makes new technologies slow to break through. The health sector is a multibillion-dollar industry and faces the growing tendency to apply blockchain technology solutions to revive its fugitive status.
The application of cryptocurrency should be, in the true sense of the word, perfect for the health sector as it maintains the core values of the health sector which is privacy and integrity. However, blockchain technology has failed to achieve maximum impact in this sector as the financial sector, in part to misunderstandings about its advantages and disadvantages.
Digibyte (DGB) and Ripple (XRP) on Rescue
Many hospitals and healthcare companies still use the traditional method of manually archiving files for a patient who is laughable in this age of digitization.
Unlike the early days of digital currencies involving Bitcoins and some currencies, the cryptocurrency market has exploded with hundreds of currencies currently flooding the market. However, for the health sector, this article will look at two major well-positioned cryptosts for good results in the sector. These are Digibyte (DGB) and Ripple (XRP).
Digibyte (DGB) As a truly decentralized solution
Digibyte has emerged as one of the most stable blockchain technologies in the market, earning a reputation as a very secure currency. This makes it an ideal platform for the healthcare industry as patient data can be easily archived without fear of loss and loss of data.
Since the privacy of the patient's physician is a key component of the medical field, Digibyte would create a close-knit database connection with information that is well controlled by the patient and the hospital.
Another important factor for Digibyte Favor is Digi-ID.
Digi-ID is gaining popularity with its security features and has been adopted by various organizations seeking to focus on their security features. This could be used in the healthcare sector giving users the ability to view their medical records without risk of leakage or monitoring.
Many apologists against cryptic adoption in the health sector discuss the violation of confidentiality if health information is put online. There may be initial skepticism, but long-term application is worth it because the data placed online will be limited.
In addition, Digi-ID allows users to access websites integrated with blockchain ID without using passwords, rather than QR codes are used, which means that confidentiality is kept online. Communication is also simplified because rather than sending the prescriptions to the mailboxes it can be sent directly along the ID blockchain
Ripple (XRP) as a secure payment solution
Many might be surprised at how Ripple could work in the health sector is mostly associated with the financial sector. However, there are many applications where Ripple technology can be exploited by the healthcare industry.
One aspect is the payment of healthcare materials, Ripple can drastically improve the delivery time needed for the finalization of transactions. Since it is in partnership with over a 100 financial institutions. Ripple offers a low cost for cross-border transactions that inadvertently means more money saved by the company.
Ripple (XRP): End-to-End Tracking
Ripple employs end-to-end transaction monitoring that can be useful for governmental health agencies when it comes to drug control. Drugs produced by pharmaceutical companies can be inscribed with a special code that allows you to track every single package of drugs coming out of the factory.
This would help prevent false drug crises as seen in China this year when it was revealed that a company had produced over 100,000 fake vaccines used by children. With the Ripple block solution it becomes easier to identify the source of various drugs.
The health sector could drastically improve the health sector if the benefits of these two cryptographic platforms can be maximized leading to an effective systematic health sector. Likewise, Digibyte (DGB) and Ripple (XRP) would also get the interruption of this untapped gold mine that could drastically lead to an increase in value.
Conclusion: HODL Your coins
The adoption of the blockchain in the health industry may seem at this moment is slow, but it is unlikely to continue at this rate because the benefits outweigh the disadvantages.
If you have Ripple or Digibyte in your wallet we recommend HODL. Both coins have the ability to penetrate other sectors in the future and your current investment could become 5 times more valuable in a short period.
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