Blockchain technology has shocked many industries since its inception. Its immense success in various sectors has encouraged the need for this technology also in the health sector. The main issues related to the health sector are the lack of security for an individual's health data, it is in a state of sin that can be easily corrupted and illegally used by any invader. This is a subject of individual privacy concerning human rights.
With the advent of blockchain technology, things are safer even in the absence of the central administrator. Because patient health care information is a strictly confidential matter, blockchain can help to allow the sharing of such data with more restrictions applied to it, such as providing access only to health institutions. Such file data is protected using an encrypted key from the individual, required for any changes related to the update or insertion of new data.
The most important advantages of blockchain technology in the health sector are Recordings of single and longitudinal patients, master patient indexes, adjudication of claims, supply chain management and interoperability.
Here is our list of the top 10 blockchain-based companies working in the healthcare sector:
# 10. GuardTime
As per the latest business reports, Guardtime and partners have launched the world's first personal care record-supported record platform. This platform is currently live with up to 30 million NHS patients that can be used via smartphones and is expected to increase drug adherence with potential savings of at least £ 800 million in the UK and $ 290 billion in the United States. The main feature of the platform is "immutability" of the origin and integrity of health data.
Started in 2014, the Company has offices in key locations around the world. Believes that if Google organizes worldwide information and makes it universally available, Guardtime validates this information and makes it universally reliable. The Company is composed of a team of 150 cryptographic experts, developers and security, with decades of experience in defending networks from nation state attacks.
# 9. Medicalchain
Medicalchain uses blockchain technology to develop a user-focused electronic medical record, while maintaining a single, real view of user data. The mission of the company is to improve the care of people by placing the patient at the center of digital transformation of health care. Medicalchain is a decentralized platform that allows the safe and fast exchange and use of medical data.
The medicalchain platform is developed using a double blockchain structure. The first blockchain controls access to the medical records with the underlying Hyperledger tissue. The second blockchain is powered by an ERC20 token on Ethereum. To combat identity fraud, medicalchain has partnered with Civic. The technique uses the Civic user authentication services to easily and securely manage users' identities in a decentralized manner.
# 8. Pokitdok
The company's solutions work on blockchain technology: DokChain, a distributed network of transaction processes that operate on financial and clinical data in the healthcare sector. The company's goal is to implement the register technology distributed across multiple ranges of industry participants to bring intelligent and dynamic automation to four main use cases on which the healthcare industry had to do the accounts: contextualized identity management; validation and independent processing of transactions; previous authorizations; and event-driven supply chain management.
The company had started with the vision of putting patients in charge bringing and e-commerce experience in Healthcare. When a company started to grow, officials noted that there were two big obstacles that were trying to hinder its growth: data silos that prevented the free exchange of information and legacy infrastructures that could not accommodate modern applications and services health. The company has successfully solved the problems and recently has over 700 business partners to access real-time transactional data on a large scale.
# 7. Bodyo
Patrice Coutard, who has coached the United Arab Emirates football team for 16 years, was the founder of Bodyo. He monitored the performance of players using heart rate monitors on them. He could gather various important information about the player such as body fat, muscle mass, bone density and hydration. Using all the information collected, Patrice was proving successful in improving player endurance by implementing player-specific nutrition programs. Players were now able to view data in a more interactive format than the previous excel data format. The Company is the development and extension of the same.
The company's brand product is "AiPOD" which is safe, easy and accurate. The product monitors blood pressure, blood glucose, height, weight, fat mass, muscle mass, bone density and hydration.
This is the end of the first part of the article, we will introduce ourselves with the other 6 best blockchain companies working in the healthcare sector in the next part of this article.
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