How useful it is to issue digital certificates on the blockchain?

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Blockchain technology is used in several ways in varied industries for offering high-security managing distribution systems and recording valuable information. Blockchain records all transactions without any verification from third parties. An evolving issue in recent years is - counterfeiting certification. It is posing serious threats to people. Issuing paper-based certificates manually is prone to errors and time- consuming. Day by day, the number of people's data is increasing, so deploying a system for both issuing and verifying digital certificates based on blockchain technology can solve issues of forged documents.

What is the current problem with document certification?

Many organisations and businesses need original documents for verification purposes before further processing. Some valuable documents like (birth certificates) exist only once. Parties involved in verification and issuing other certificates may experience hesitancy to handle these sensitive documents and that can result in damage or even loss. Many parties are unable to protect the valuable physical pieces of paper with this process. Another big problem comes from data theft. Many people have reported it. So the question comes: how can this issue be solved? Creating digital proof or digital certificates certified or signed by respective institutions or authorised organisations can be beneficial. With blockchain-based digital certificates, you can access and verify the digital asset's authenticity without depending on any intermediary or third party. Traditional data records like paper files deteriorate over time. storing records like digital certificates on the blockchain can help in safeguarding sensitive credentials from destruction & damage. Blockchain document security methods can help users seamlessly secure their sensitive documents.

What about blockchain solutions?

Blockchain technology has brought a revolution in storing and sharing data. The mechanism of cryptography helps in keeping information fully secured. Blockchain offers a digital ledger or decentralised database of data. Centred on computer networks that approve updates before data get recorded and verified. It lessens the reliance and vulnerability of centralised data storage. Instead of handling physical pieces of documents, issuing and storing digital certificates in blockchain can be advantageous to users. You can efficiently utilise the benefits of blockchain, like - authentication, encryption and decentralisation. Every certificate consists of references of both issuer and receiver with a hash (a sign of document), that is stored in the public database. It is identical in the number of computers throughout the globe. These digital certificates with blockchain technology have vital additional advantages over any other certificates.

How does blockchain make digital certificates work?

When a digital certificate is issued, data gets digitised. A digital identity gets assigned to every certificate. All of the digital certificates are tagged as well as traceable. Original documents are stored safely in the computer networks in the blockchain which are known as nodes. In totality, blockchain makes digital certificates highly transparent and secured. It also makes it easy to unfurl any fraud because this technology can expose any forged or outdated certificates.

Are these digital certificates tamper-proof?

Yes, the digital certificates are tamper-proof not by just signing but right after the beginning of the transaction. A signing algorithm produces a signature that is encrypted through a private key. The digital signature in these certificates can never be forged without having access to the private key of the user or members. With the help of document security QR codes, users can secure their valuable credentials.

What are the potential benefits of issuing digital certificates on the blockchain?

Blockchain has evolved to be beneficial for the financial industry. This technology is the most talked about and sought-after technology used in the world. There are innumerable benefits of issuing digital certificates on the blockchain. Some of them are here: a) Require fewer resources for issuance: Issuance and maintenance of digital certificates on the blockchain require a very less number of resources. As a result, the whole process saves time, effort and human capital. b) Digital certificates are conveyable: Contrary to physical certificates, the digital ones issued on the blockchain need not be carried around every place. Digital certificates are there to exist for a lifetime. These certificates can be easily accessed on any of your devices from any part of the world. c) Ideal as Identity proof: Digital certificates based on blockchain are the best substitution for the traditional proofs of paper identification. Digital certificates are issued on a highly secured framework of blockchain which is fully secured. These verifiable certificates can be easily traced all the way back to an issuer. This method makes the procedure transparent. You can use the blockchain document security method for securing and storing your valuable documents. d) Gives overall data security: Paper certificates can also take days and months to get issued and dispatched. Paper certificates can be altered without issuing the institute's knowledge and that is risky. Digital certificates issued on the blockchain can not be altered by any person. If someone tries to tamper with it, then verification will fail. This makes data in your digital certificates fully secured as well as traceable. e) No third party requirement: Blockchain verification of digital certificates can be performed by any person having access to the network. There is no need for any third party interference for verification. Digital certificates can be verified even if any organisation that issued them no longer exists. f) For micro-credentialing: Every data remains encrypted in the digital certificates issued on the blockchain. Organisations or businesses can issue "micro-credentialing" for recognizing, career skills, learning and so on. It can help both students and organisations. g) Comes at an affordable cost: Using blockchain is not expensive. With the help of the blockchain-powered platform, you can issue digital certificates for numerous services with ease. You may need no extra software or hardware and be done with an internet connection. So in nutshell, the unique features of blockchain technology make issuing digital certificates easy and tamper-proof. Blockchain technology simplifies and facilities the entire process of issuance of digital certificates. It also helps in the easy transfer of these certificates leading to the expansion of contents and information. We hope in the next few years, more and more organisations will come forward in embracing digital certificates issuance on the blockchain. A blockchain document security system can help you to secure sensitive credentials with ease.

How Medical Record Fraud Impacts Healthcare Industry? ProofEasy Gives Expert Insights & More at GITEX

Posted on October 12, 2023

In an era where healthcare has transcended boundaries through digital innovation, we stand on the precipice of a medical revolution. Electronic Health Records (EHRs), telemedicine, and innovative diagnostics have unfurled a new tapestry of possibilities for patient care. But amidst this digital utopia lurks a malevolent force – medical record fraud.

Imagine a world where your medical history is a canvas for deception. Well, that’s what individuals with illicit intent do for their own gain. Medical record fraud, an insidious villain, is poised to wreak havoc on the healthcare industry.

In this blog, we’ll delve into the impact of medical record fraud on the healthcare sector and talk about our blockchain verification technology that’s taking the fight against fraud to the next level.

The Scourge of Medical Record Fraud

Medical record fraud occurs when individuals, often with malicious intent, alter or manipulate patient records. This can involve changing diagnoses, treatments, or even forging records entirely. The consequences of medical record fraud are far-reaching:

Patient Safety: Fraudulent medical records are the breeding ground for treatment errors, diagnostic blunders, and patient harm. They erode the very bedrock of trust patients place in their healthcare providers.

Financial Impact: The financial implications of this villainy are staggering. Fraudulent claims skyrocket healthcare costs, leading to overbilling, insurance scams, and ultimately, a burden on the collective pocket. It’s estimated that medical fraud siphons billions from the industry every year.

Legal Consequences: Healthcare providers caught in the web of medical record fraud face a tempest of legal consequences. This not only tarnishes their reputation but also subjects them to heavy financial penalties, adding to the industry’s woes.

Data Security: The breach of patient data, a rampant outcome of these fraudulent endeavors, sets the stage for identity theft and other cybercrimes, unleashing a cascade of misery on unsuspecting victims.

Given these dire consequences, the need for robust solutions to combat medical record fraud is evident.

How ProofEasy Helps in Combating Medical Record Fraud?

ProofEasy is at the forefront of the battle against medical record fraud. We offer advanced document verification and security solutions designed to protect patient records and maintain the integrity of the healthcare system.

ProofEasy’s solutions include:

Blockchain Technology: Utilizing patented blockchain tech, ProofEasy ensures that medical records are tamper-proof. Once data is recorded on the blockchain, it cannot be altered without leaving a trace.

Secure Verification: With unique QR code integration and real-time scanning system, we make sure that only authorized personnel can access and update patient records, reducing the risk of insider fraud.

Interoperability: We offer seamless API integration that help healthcare institutions merge existing EHR systems, ensuring a smooth transition for healthcare providers.

Join ProofEasy at GITEX Global 2023 for Expert Insights

But our solutions and services are not limited to the above mentioned list. To learn more about how ProofEasy is revolutionizing document security in the healthcare industry and tackling medical record fraud, join us at GITEX Global 2023.

Our experts will be on hand to provide insights, demonstrate our solutions, and discuss the pressing issues facing the healthcare sector.

Conclusion

Medical record fraud is a significant challenge for the healthcare industry, affecting patient safety, costs, and trust. However, innovative solutions like the ones offered by us, things can change drastically in preventing fraud and safeguarding patient records.

Join ProofEasy at GITEX Global 2023 to be a part of the solution and ensure a more secure healthcare future. Together, we can protect the integrity of the healthcare system and provide better care for all.