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Blockchain is redesigning the DNA of the global health system. As a manager of a hedge fund blockchain, I worked on the net with many entrepreneurs who raised capital for blockchain applications and have seen their potential to upset multiple industries.These are new innovations that I have already started to see appear in the health space as a physician, practice owner and consultant of hundreds of physicians and business owners.
applications not only have a direct impact on all entrepreneurs, business owners and taxpayers in terms of health, but will undoubtedly start to appear in all sectors and in all personal investment activities, knowing them and staying tuned on these trends to be meaningful to stay competitive and profitable, regardless of the type of business you are in or want to enter. [19659003] What Is Blockchain?
In simple words, blockchain is a distributed log system that records data on linked blocks in a digitally encrypted format. This secure network of always synchronized databases provides an immediate distribution of information, with all data entries marked by date and time.
Forbes coverage of the blockchain by IBM in the health care survey reveals that 16% of healthcare executives have already planned to implement blockchain solutions starting from 2017. Within the next 18 months, 56% are expected to have established blockchain technology applications.
These seven blockchain application trends for medical professionals are creating tremendous opportunities and substantial benefits for patients and governments. You can easily see how everyone could apply to any entrepreneur and line of work of the entrepreneur.
1. Record Keeping
Electronic medical records (EHR) are one of the main areas in which blockchain is expected to have the greatest immediate impact. Versions of this technology have already been implemented in several Eastern European countries to improve and update conservation and access to digital records. The United States and its hyper-fragmented and opaque system is one of the largest to benefit from these solutions.
2. Fundraising For New R & amp; D
Digital currencies and blockchain-enabled investments will continue to be an important use case for this technology. Deutsche Bank anticipates the equivalent of 10% of world GDP transactions to be recorded through blockchain in the coming years. Deloitte and many other financial institutions have already seriously invested in the analysis of applications in health care. Among them it is likely that there will be new initial coin offerings (ICOs) to finance new treatments and treatments, especially in biotechnology.
3. Financing of new facilities
From new general private practices to future hospitals, blockchain offers many advantages to give investors confidence and facilitate broader fundraising between communities, medical partnerships and sophisticated investors and funds.
4. Financing of commercial real estate
While the example above can incorporate everything from equipment to materials and business financing, blockchain and its smart contracts and intelligent mortgage capacity they should make it much easier for healthcare organizations and medical schools to finance the acquisition and expansion of new commercial real estate as well as for individuals to participate in the support of these mortgages as private lenders.
5. Professional investments
Despite the perception of being so paid, doctors and other medical professionals are not immune to financial and pension challenges. As you can imagine, this challenge extends to professionals in any industry. In fact, doctors are among the most burdened when it comes to student loan debts. In addition to investing in their own practices, this can include personal real estate investments and investments in private loans.
6. Supply Chain Tracking
One of the most important uses of blockchain is supply chain monitoring. This is prevalent in health care and in many other industries. It can be used to guarantee authenticity, facilitate the required safety calls and keep track of equipment and drugs.
Counterfeit drugs alone are estimated to cost U.S. healthcare industry $ 200 billion for the year and 750,000 jobs. Globally, it is estimated that at least 800,000 people die each year from counterfeit drugs according to data from the medical futurist. A problem that many companies are starting to face thanks to the blockchain.
7. Improving financial well-being in the health sector
Blockchain has enormous potential to reduce fraud, eliminate chargebacks and provide new ways to finance services and manage health insurance . The less expensive and more profitable companies become, and the greater the confidence of investors and insurers in the system, the better it will be for patients and taxpayers around the world.
Conclusion
Blockchain is already proving to have many applications in the health space. These are only seven of the most current current applications. Probably all entrepreneurs and entrepreneurs will see these applications show up in their medical care in the coming years, even if they do not realize it. More importantly, blockchain offers many advantages and potential applications for all sectors. Being one of the first to adopt should be essential to maintain and increase both market share and profitability.
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Blockchain is redesigning the DNA of the global health system. As a manager of a hedge fund blockchain, I worked on the net with many business owners to raise capital for blockchain applications and I saw their potential to upset multiple industries. These are new innovations that I have already begun to see appear in the health space as a doctor, practice owner and consultant of hundreds of doctors and business owners.
These applications not only have a direct impact on all entrepreneurs, business owners and taxpayers in terms of health, but will undoubtedly start to appear in all sectors and in all personal investment activities. Knowing them and staying tuned to these trends will be important to stay competitive and profitable regardless of the type of business you are in or hope to enter.
What Is Blockchain? [19659003] Put simply, blockchain is a distributed log system that records data on linked blocks in a digitally encrypted format. This secure network of always synchronized databases provides an immediate distribution of information, with all data entries marked by date and time.
Forbes IBM's blockchain coverage in the health survey reveals that 16% of healthcare executives already planned to implement blockchain solutions from 2017. Within the next 18 months, 56% should have established blockchain technology applications .
These seven blockchain application trends for medical professionals are creating tremendous opportunities and substantial benefits for patients and governments. You can easily see how everyone could apply to any entrepreneur and line of work of the entrepreneur.
1. Record Keeping
Electronic medical records (EHR) are one of the main areas in which blockchain is expected to have the greatest immediate impact. Versions of this technology have already been implemented in several Eastern European countries to improve and update conservation and access to digital records. The United States and its hyper-fragmented and opaque system is one of the largest to benefit from these solutions.
2. Fundraising For New R & D
Digital currencies and blockchain-enabled investments will continue to be an important use case for this technology. Deutsche Bank expects that the equivalent of 10% of global GDP transactions will be recorded via blockchain in the coming years. Deloitte and many other financial institutions have already seriously invested in the analysis of applications in health care. Among them it is likely that there will be new initial coin offerings (ICOs) to finance new treatments and treatments, especially in biotechnology.
3. Financing of new facilities
From new general private practices to future hospitals, blockchain offers many advantages to give investors confidence and facilitate broader fundraising between communities, medical partnerships and sophisticated investors and funds.
4. Financing of commercial real estate
While the example above can incorporate everything from equipment to materials and business financing, blockchain and its smart contracts and intelligent mortgage capacity they should make it much easier for healthcare organizations and medical schools to finance the acquisition and expansion of new commercial real estate as well as for individuals to participate in the support of these mortgages as private lenders.
5. Professional investments
Despite the perception of being so paid, doctors and other medical professionals are not immune to financial and pension challenges. As you can imagine, this challenge extends to professionals in any industry. In fact, doctors are among the most burdened when it comes to student loan debt. In addition to investing in their own practices, this can include personal real estate investments and investments in private loans.
6. Supply Chain Tracking
One of the most important uses of blockchain is supply chain monitoring. This is prevalent in health care and in many other industries. It can be used to guarantee authenticity, facilitate the required safety calls and keep track of equipment and drugs.
Counterfeit drugs are estimated to cost the US healthcare sector $ 200 billion a year and 750,000 jobs. Globally, it is estimated that at least 800,000 people die each year from counterfeit drugs according to data from the medical futurist. A problem that many companies are starting to face thanks to the blockchain.
7. Improving financial well-being in the health sector
Blockchain has enormous potential to reduce fraud, eliminate chargebacks and provide new ways to finance services and manage health insurance . The less expensive and more profitable companies become, and the greater the confidence of investors and insurers in the system, the better it will be for patients and taxpayers around the world.
Conclusion
Blockchain is already proving to have many applications in the health space. These are only seven of the most current current applications. Probably all entrepreneurs and entrepreneurs will see these applications show up in their medical care in the coming years, even if they do not realize it. More importantly, blockchain offers many advantages and potential applications for all sectors. Being one of the first to adopt should prove to be fundamental in maintaining and increasing both market share and profitability.
