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Many hospitals are converting to blockchain and healthcare in order to improve security. Blockchain applications store data in fragmented systems, which makes entering private information safer than in previous years.
Fremont, CA: Data breaches are becoming increasingly common, posing serious threats to the healthcare industry. Breach in the healthcare industry is devastating not only to the patients whose data is compromised, but also to the hospitals, which lose millions of dollars in revenue and suffer long-term damage to their reputations. Why are there so many data breaches, and what is the solution?
The Advantage of Switching to Blockchain Applications
A data breach in a hospital can result in a loss of up to $6.5 million. This monetary damage can have a long-term impact on hospitals. More money is lost as patients lose trust in the company and revenue declines. With the frequency with which these data breaches occur, hospitals cannot afford to lose so much money in revenue. They may continue to suffer from the reputational damage that frequently follows a cyber attack.
The added security benefits of blockchain and healthcare, as well as the system's ease of use, demonstrate this. The combination of blockchain and healthcare is the key to a more secure future in medicine.
The Solution to Data Breaches in Hospitals
Many hospitals are converting to blockchain and healthcare in order to improve security. Blockchain applications store data in fragmented systems, which makes entering private information safer than in previous years. The data is stored in fragments that hackers cannot easily access. Patients can also communicate with providers remotely without fear of unauthorized access to their information. This is due to the increased security of the fragmented system used by blockchain applications.
Blockchain applications can be used in hospitals to store patient data from devices such as wearable monitors. These monitors can record data such as blood pressure and heart rate. The data is kept safe in a patient file that both the provider and the patient have access to. This system means greater transparency in the healthcare system, as well as a more organized view of patient data. Doctors may be able to provide more efficient and effective care as a result of this.