Thank you for Subscribing to Apac CIO Outlook Weekly Brief
Implementing Blockchains to Re-Invent Security Standards of Healthcare Industry
Besides keeping data secure in a distributed and encrypted ledger, blockchain allows users to access that ledger owing to its presence over synchronized and replicated databases. With proven security implementations, blockchains are now being considered to uplift the security standards of the healthcare industry.
The ‘Healthcare Blockchain Summit’ recently held at Washington D.C. witnessed the participation of multiple healthcare technology companies which aim at unveiling the potential of using blockchains in the healthcare industry. The participating companies mostly focused on security breaches involving EHRs and the proclivity of blockchains in being able to mitigate those breaches. Having garnered required insights from the summit, healthcare IT developers are now experimenting and exploring the possibilities of using blockchains to make healthcare data breach-proof and at the same time make Electronic Healthcare Records (EHRs) interoperable. Leveraging blockchains, healthcare facilities would be able to seamlessly manage their delivery systems and improve patient safety by connecting patient data silos.
IBM has been able to design a cloud-based blockchain service for Linux Foundation’s open source ‘HyperLedger Fabric.’ Being enterprise ready, this service offers governance and development tools so as to design and monitor the underlying infrastructure of new business models based on blockchains. By providing validation standards that the healthcare industry longed for, blockchains deliver services in a way all the stakeholder of the industry can trust and work simultaneously at projects knowing that their data remains secure. Upholding significant potential to secure the standards of the healthcare industry, numerous conferences and summits are being held so as to narrate and decipher how exactly blockchains improve the security levels of the healthcare industry.