There’s a lot of excitement around the potential for blockchain in the healthcare marketplace. Blockchain is a set of linked records or data that can continuously grow while remaining encrypted and stored. It offers powerful advantages over the current approach to data storage, distribution, and its application in healthcare. Accessing medical data is clunky – it requires an upfront cost and high overhead, and is vulnerable to human error. Information is typically not located in a single database but rather distributed among many specialists and providers who own and exchange the data. Here, computer security protocols are often lacking, and risk potentially exposing patient health information (PHI) and violating HIPAA protocol.
Here’s how blockchain could help:
- Unlike today’s ad-hoc system in healthcare, blockchain is designed to be distributed. By storing data across a network, it avoids the perils of data being stored in one location.
- Second, blockchain is highly secure. The data in a block – namely, our electronic patient record – can easily be stored in an encrypted form using public key cryptography, only to be viewed using a password.
Overall, 83bar keeps these factors in mind with the security of the electronic patient information we collect, ensuring that the data quality and privacy is maintained. We prioritize data and information security. We follow the latest technological trends and are anxious to see how blockchain and other security systems continue to be implemented.