SMARTCARE CHAIN HEALTHCARE ECOSYSTEM“SmartCare Chain is currently involved in building a stable healthcare ecosystem worldwide by bringing together blockchain technology and cryptography, to overcome the issues in the existing healthcare system.”
What is Blockchain?
Blockchain is a decentralized and distributed digital ledger, regulated by a network of systems known as nodes. No single individual or an entity cannot modify the data once it is stored in blockchain. Everyone else who maintains a particular record should give permission to access the data.
How SmartCare Chain Blockchain Works to Benefit the Healthcare Facilities
Transactions occur frequently in a regular healthcare system and they range from patient registration, payments & account tracking, therapy outcomes & health indices. SmartCare Chain blockchain monitors each and every point without intervals.
Since the repetition of multiple ledgers can open gates for fraud, error, & inefficiency, each participant is linked to their own e-ledger (electronic ledger) with multiple attributes that vary from other participants.
And now, because of the factor that all the interlinked systems share a copy of the entire ledgers, it is easy to verify & validate data against all other copies from anywhere, thus eliminating redundancy & reducing vulnerabilities.
Advantages of Smartcare Chain Healthcare EcosystemThere are numerous advantages of SmartCare Chain healthcare ecosystem and a few of them are listed below.
Data Integrity & InteroperabilityAs the number of patients increases day-by-day, healthcare facilities are bound to manage more and more health information regularly and also with the increase in data volume every year, it is becoming difficult for hospitals, clinics, and insurance companies to process and store data.
When a new data is generated, it is recorded and encrypted in our blockchain, thus becoming inaccessible and impossible to modify or delete. There are different approaches in blockchain and one among them is anchoring of data to the public blockchain. This approach aids to securely record & share information generates a proof of data integrity. With this proof, any authorized user can verify the timestamp of the data without relying on third-parties.
Higher Security StandardsA lot of medical organizations lack the knowledge of blockchain and that’s the reason blockchain is not utilized by everyone. SmartCare Chain healthcare ecosystem makes the medical facilities understand the concept of blockchain and implementing new standards to manage insurance claims, PHI, and medical records; eliminating the third-party interference in data sharing.
Data TransparencyThe blockchain tech records every transaction made through the system, thus offering a decentralized register of ownership. All the details, beginning from the development of a data block and ending with any digits related to a particular transaction, are stored in blockchain.
As we said before, every device stores a copy of the recorded transaction. Before initiating a transaction, the system checks whether a similar version is available in the network. Therefore, each authorized user can identify the owner of a specific data block; thus data transparency is achieved.
Other advantages of SmartCare Chain healthcare ecosystemDrug traceability
Data security in clinical trials
Patient Data Management
Connect with us Facebook Twitter LinkedIn TelegramWe’re in the hunt for a skilled ICO/IEO/STO team who will be the mastermind behind our SmartCare Chain IEO project. He/She should be an expert in blockchain technology and capable enough to aid us in launching the IEO.
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