Standardizing Best Practices on the Blockchain Will Revolutionize the Global Healthcare Industry
Blockchain technology has been praised as having the potential to both disrupt and unify several industries including finance, supply chain, insurance, education, government, and healthcare. The technology is still relatively new, though already the world is calling the advent of this technology the new age of digital, or the Web 3.0. So far most development has been in finance and supply chain, though the world has been holding its breath waiting to see applications in other industries.
The healthcare industry in particular can greatly benefit from having a system of secure, transparent, and readily accessible information organized on the blockchain. As new technologies emerge is paramount to put them to use in the care and well being of individuals and internationally healthcare data organization and treatments have proven to be nonuniform and often inefficient.
There is however, an innovative new blockchain-based ecosystem bridging patients and healthcare providers through deployment of smart contracts. Robomed is gearing up to make a debut in the healthcare space, an $800bn market. The company emerged as an electronic health records (EHR) ecosystem app on the Russian market last year, and since then has evolved into a healthcare ecosystem providing innovative medical smart contracts that has the capability to transform the global healthcare industry. In particular, the network’s smart contract offers a patient value-based medical care founded on measured outcomes and specific clinical guidelines assigned to treating each particular medical condition.
“In the 21st century, there should be no excuse why patients with the same diagnosis sometimes receive dramatically different treatments. Robomed’s blockchain technology alleviates that pain by synchronizing best practices across different hospitals, even across different countries,” points out David Meranashvili, a practicing neurologist, on Robomed’s ability to streamline the vast variability in medical treatment best practices.
This new blockchain ecosystem reduces the chances of a clinical error or inadequate healthcare delivery management with its clinical guideline tracking and operational delineation in connection with the delivery of medical services.
