An Exhaustive Look at the New Technology-driven Healthcare as Proposed by Healthureum

Innovation is unmistakably visible across all sectors of the economy from entertainment, agriculture, education to finance. Data is the central drive to these innovations. In the healthcare industry, innovations in the form of artificially intelligent robotic surgery, 3D printing, and other technology-enabled devices have been developed to improve speed and accuracy of diagnosis and treatment. Healthureum has incepted a concept which has the potential to bring immediate benefits and long-term transformational value.

The year 2009 saw the birth of the mysterious cryptocurrency called the bitcoin. Every action traced with a date stamp and every transaction data is stored securely in chronological order into blockchains, and stored on millions of devices. The adopting a decentralized and transparent technology will revolutionize how information is shared. It will encourage collaboration and interoperability securely maintaining patient data integrity and privacy. The integration of blockchain and smart contract technologies is the answer. This data management technique can be implemented in any process of the health care system from patient medical and personal records, diagnosis, treatment, and billing of those procedures.  This method creates an opportunity to accomplish standardization in health care. The technology will also ensure there are reliability and accountability by bettering access to data, services, and expertise while reducing waste, costs, and resources required. Blockchain and Smart Contract technology integration will bring uniformity, scalability and social responsibility. Technology-driven healthcare opens up tremendous potential in enhancing access to healthcare. The benefits are not limited to improved access but also operational requirements.

This technology enables patients to manage their health. Patients will be able to consolidate all their data in a single platform. This data will be secured with encrypted codes, ensuring privacy and safety. The goal is to create a system that does not rely on trust but cryptography which is void of external alteration.

A study by Deloitte showed that by 2020 global healthcare expenditure is estimated to reach $8.7 trillion. An aging pollution, chronic diseases, and increase in the number of cases of dementia and HIV-AIDs are highlighted as the factors influencing the level of expenditure.

Healthcare institutions keep patient’s data in the EHR systems, which are customized differently as per the healthcare providers requirements. This difference in the EHR systems hinders interoperability making sharing of information an impossibility. Lack of standardization and centralized storage approach results in two primary defects in the traditional resource-intensive approach, privacy, and security.

Blockchain technology is a permanent record of digital events which runs on a decentralized program. It addresses the need for healthcare providers and patients to have access to up-to-date medical records including the bills while being able to view, edit and share data in real time. Healthureum reviews most issues such as patient identification, patient consent, user authentication, and even spot fraudulent billing.

Like with the rest of technology Healthureum has its weakness. The fact that Blockchain stores all data in a decentralized system exposes it to potential risks such as confidentiality and integrity breach.

Medical records such as large images or scans are considered very heavy files which may impact the performance of the blockchain. An efficient solution would be to create reference points using hash codes pointing to the source of the data for integrity verification. Stricter monitoring of medical devices is required and can be achieved through the adoption of blockchain-enabled devices.

 Costs will be significantly lowered by moving away from a resource-intensive process to blockchain enabled processes. The blockchain based system would change the resistance from medical institutions in releasing medical records ensuring patient data integrity.

To gain a historical view of your health, your specialist practitioner will require records of your medical data. This could be inaccurate if the data cannot be readily accessed or is faulty. What’s more, Healthureum will integrate blockchain to ensure that your accurate data is readily available.

Research Programs based on blockchain will ensure that data is controlled, registered and available in a scalable and reliable system which is free of external manipulation. In the fields of AIDs, Cancer and Diabetes Research programs to enable new medical breakthroughs.

Standardization and interoperability are necessary to establish a consistent approach to compliance framework and implementation of regulation in global health standards. It would bring about data sharing and collaboration aiding in future capital planning. Technology-enabled solutions will enhance much more efficient processes, reducing time, effort and resources required and reduced the overall costs.

In Closing

Healthureum token, which shall be the only means of payment for all the services offered on the Healthureum platform, is developed on the Ethereum based system enabling the efficient deployment of smart contracts. HHEM tokens will be purchased at the much-anticipated Main TGE.

https://healthureum.io/

https://healthureum.io/blockchain.php

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