Blockchain Transforming Healthcare Data Management

Healthcare blockchain is burgeoning with healthcare payment transactions being the first use case for blockchain within the healthcare landscape. The healthcare blockchain technology is being explored by vendors and entities for its potential to enhance data storage, availability, interoperability, and security. Blockchain can enhance data storage to retrieve information such as diagnostic reports, medications, as well as patient information from outside specialists, though privacy and security regulations, especially around protected health information (PHI), are impeding its full-fledged adoption. PHI referring to health data combined with personally identifiable information (PII) is strictly regulated by data protection laws and HIPAA. But blockchain could enhance PII and PHI security with its encryption methods and secure data exchange.

With blockchain's decentralized ledger having no single point of failure, organizations will be ensured availability of data and tools avoiding risk to patient care. Blockchain can also boost other technology to surmount problems via interoperability. Relying on the healthcare standards community (FHIR & HL7), blockchain is considered capable of building a system to keep track of a discovery process while substantiating the accuracy of the data with patient details or records accessible to all parties involved.

Though just a few years old, blockchain has the potential to develop and continue benefitting the health IT infrastructure. With the passage of time as technological and medical development continues, healthcare organizations will come up with more options to deploy healthcare blockchain.

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