Why is Decentralization Crucial for the Healthcare Sector?

Blockchain in healthcare

The healthcare industry is the nervous system of a functioning society and it certainly is growing at a rapid pace, but with its growth, there are also more and more problems cropping up regarding malicious attacks, bad actors who want to steal information for personal gain, and the inability to share information freely between clinics. However, all of these seemingly huge problems can be taken care of through decentralized systems. Wondering how? Let’s find out.

Decentralized Blockchain is the Future of the Healthcare Sector

As mentioned, the healthcare sector is dealing with a lot of insurmountable challenges. And vulnerable centralized systems are at the core of these problems. While decentralized technology is not a magic solution, it can take care of the problems permanently, preventing them from resurfacing again.

Decentralized technology like blockchain can solve the key challenges faced by the healthcare sector in the following ways:

  • Security and IAM: The first and foremost benefit of a decentralized system is the added security that will make it impossible for bad actors to weaken the security posture of a healthcare organization and profit off of the revealed secrets. Even if they manage to finagle their way in and break into blockchain-secured nodes, the encrypted data ensures that they won’t be able to extract any data of value since they would need cryptographic keys to decrypt the stored data.

The healthcare sector can rely on decentralized blockchain to lock up sensitive data without worrying about it falling into the wrong hands. This way they can ensure that all patient and other confidential data is secure. Moreover, it’s impossible to delete or tamper with information stored on the blockchain so data backups would be a thing of the past.

Investing in private decentralized blockchain networks will also help healthcare organizations manage identity access, offering unfettered access only to individuals who are trustworthy.

  • Information sharing: Blockchain makes the sharing of confidential information between healthcare organizations risk and hassle-free. Being encrypted, the sender or the receiver don’t have to worry about the message being rudely intercepted by bad actors looking to sell the information for money or use it for other nefarious purposes.
  • Managing patient information: It’s a big challenge for healthcare organizations to maintain a centralized report of a patient. As a result, it leads to loss of time, effort, and money. But blockchain makes it possible since the information once added can’t be deleted and is forever stored on the network. Moreover, if a healthcare organization makes changes to the report, the edits would be visible to all the members of the network, helping other healthcare entities understand when the diagnosis was changed or more was added to it.

While decentralized blockchain can solve a host of problems for the healthcare sector, it’s important to choose a solution that’s budget-friendly, can be easily integrated with your existing systems, doesn’t require a training curve, and is customizable. Well, ProofEasy is the answer to all of your needs.

Better yet, its verifiable credentials technology makes it possible for doctors to take advantage of remote sessions and confidently send their patients medical certificates.