AI And Blockchain Set To Merge, How Will This Benefit The Healthcare Industry?

The Integration of AI and Blockchain

In the current digital space, Artificial Intelligence (AI) platforms assist to bring power in the hands of just a few organizations who can source and process large amounts of data. Most data is currently isolated, and there is no incentive to share it, this results in significant companies hoarding tons of consumer data. As technology is improving every day and sensor being put in all sorts of devices, there rises the question around the consumer’s data which will be generated by these devices and stored on centralized platforms. The blockchaintechnology is growing in popularity as users can share information and transact quickly, freely and in a secure anonymous way. The platform assures its uses that their information will not be altered or mismanaged.

How the Healthcare Will Benefit from this Integration

In the healthcare, this merging will provide more effective security measures that will protect users from breaches. This will allow users to take back control and ownership of their personal information. Google’s broad Mind has begun to deploy the blockchain technology in their AI engines to help provide better protection for users health care data. This is to bring more transparency into their infrastructure. At first, the blockchain technology is seen to bring down the AI platform due to its benefits, but when data is commoditized, the AI platform will be the most valuable part of the ecosystem. The merging of the AI platform and the blockchain technology will revolutionize the way users exchange data.

AI will be able to take in large amounts of data that will be shared across the decentralized blockchain platform. With the concern of who can access your data, an AI-powered blockchain will allow the decentralization of authentication. The blockchain technology can decentralize users data and at the same time reduce the number of fraudster and hacker trying to invade the system. The AI algorithms can be trained to build a highly personalized user model to help detect any threats that may arise. When you now merge both the AI and the blockchain technology, you create an active shield against cyber attacks. Authorization of transactions can be done by accessing this data directly from the blockchain by trusted parties through a verification process. Data that is stored and shared on a blockchain is cryptographically time stamped and cannot be altered by any third parties.

AI enhances the blockchain’s framework, and together they solve many of the challenges that come with sharing information securely over the IoT. AI provides intelligent analytics and real-time decision making while blockchain provides a decentralized ledger of all transactions away from keeping any personal information on a centralized server

Healthureum Integrates BlockchainTo Improve The Health Industry

Blockcain technology is needed in spaces where users need to trust that the transactions are valid, that intermhediaries cannot be trusted, where many parties generate transactions that alter information and where enhanced security is required to ensure the integrity of the system. All these are needs in the health industry hence the blockchain technology is best suited to solve the issues.

Blockchain will help Healthureum in that; it would not require a Health Information Exchange (HIE) since all users will have access to the distributed ledger. This will ensure that there is a secure exchange without complex brokered trust. Due to the disintermediation and real-time processing, the systems will be more efficient hence reduced transaction costs. There will be a distributed framework for patient digital identities which will use private and public identifiers. They will be secured through cryptography which creates a singular and a more secure method of protecting patient identity. The blockchain technology enables real-time updates across the network to all parties. It also has the smart contract technology that creates a consistent, rule-based method for accessing patient data that can be permissioned to specific health organizations.

Healthureum’s Platform

Healthureum is a global and multifunctional ecosystem that is created to bring Healthcare services on the Blockchain platform in order to transform the health industry.  Healthureum guarantees its participants effective healthcare treatments from all across the globe, access to specialists and doctors, providing loans to health-related problems and opportunities to access first of its kind innovative treatment plans. Healthureum will integrate both the blockchain technology and the smart contract technology to bring standardization, scalability and social responsibility in healthcare critical services.

Healthureum, through blockchain, can achieve decentralized healthcare which will close the gap between services through security, transparency and accountability. After a survey done by the team, they identified areas where this innovative approach will bring widespread efficiency and transparency. Healthureum will focus on data systemization, project lending, medical infrastructure, philanthropic activities, research programs and doctor consult and referrals.

Healthureum has decided on a tokenized approach as it provides a mechanism for utilizing services and paying for them in the ecosystem. The Healthureum token (HTH) will act as a utility token for services rendered on the platform. HTH is an ERC20 token developed on the ethereum based system which enables the smooth deployment f smart contracts. The use of the token will ensure that payment is fast, reliable and secured with cryptography. The token will be used as both a service fee and as a reward. The founders have a long-term strategy for the development of their initiative. The milestone-based approach best fits the initiative with the six primary goals to be delivered over time. Healthureum is led by a true leader who demands the vision with passion and sincerity. The team is cohesive, experienced in the fields of healthcare, blockchain and bid data management. It has also brought on board a well rounded financial and medical experts as advisors who are keen to improve global healthcare standards. This concept by Healthureum has the potential to bring immediate and long-term value to the health industry. It will ultimately reform how data is shared, encouraging collaboration and interoperability while maintaining patient data privacy and security standards.