Translated by
2019/02/11 09:28:58

Blockchain in medicine

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Main article: Blockchain

2019: IBM created a blockchain ecosystem for health care

At the end of January, 2019 IBM announced creation a blockchain ecosystem for health care in cooperation with the American insurance companies Aetna, Anthem and Healthcare Service Corporation (HCSC) and also with large finance corporation PNC Bank.

The project objective consists in increasing transparency of processes and functional compatibility of the different technologies applied in the health care industry. Blockchain technology should help developers to create a safe general environment for data transmission. If their efforts are crowned with success, it, according to creators, will reduce quantity of administrative errors and will allow to communicate more effectively between systems and organizations.

IBM announced creation a blockchain ecosystem for health care in cooperation with the American insurance companies Aetna, Anthem and Healthcare Service Corporation (HCSC) and also with large finance corporation PNC Bank

The blockchain which provides safe registration and data transmission between a great number of users is capable to solve a number of the problems facing organizers of health care. Creators of the project consider a blockchain as the tool for establishment of confidential communications as the transparency and security of all processes are capable to completely change dynamics of the relations in the industry. Eventually, such network can overcome fragmentation of data in health care that, according to the senior vice president and the CIO of HCSC Steve Betts can be a key to expansion of technical knowledge and also to understanding of the available means and opportunities for ensuring high-quality and available services of health care.

The PNC finance corporation is attracted, in turn, by an opportunity to meet market demands concerning transparency and safety of transactions. Consolidation of the organizations of health care and IBM will facilitate carrying out payment transactions both for patients, and for suppliers of medical services and also will reduce administrative expenses.[1]

2017: Expenses in $44.6 million on blockchain technology in health care

At the beginning of February, 2019 the P&S Intelligence analytical company submitted the report on blockchain technologies in the field of health care and selected several trends of development of this sector.

In 2017 expenses on it made $44.6 million, and analysts consider that the budget on blockchain technology in the future will only grow. Annual growth rates as it is supposed, will be 67.1% so by 2023 costs for such developments in health care will reach $890.5 million. This growth is explained by strict rules of data protection of consumers, increase in financing and investments into the sphere of a blockchain and also se big adoption of blockchain technologies in general.

At the beginning of February, 2019 the P&S Intelligence analytical company submitted the report on blockchain technologies in the field of health care and selected several trends of development of this sector

The blockchain in the market of health care is applied to exchange of clinical data, work with accounts, supply chain management of drugs and also to their development and clinical trials. Blokcheyn-tekhnolgii are capable to transform completely a method of receiving and storage of clinical information and also data exchange between partners, payers and patients. Besides, application of a blockchain ensures safety and safety of data that has huge value for privacy protection.

The maximum growth rates of blockchain technologies in health care are expected in the Pacific Rim. Local the head the gain during 2018-2023 as analysts consider, will make more than 70.0%. The last is explained by the growing attention to blockchain technologies in this region and also need of safe and mutually advantageous exchange of clinical data.[2]

The companies interested in implementation of blockchain technologies cooperate with different suppliers to investigate potentialities of their application. For health care the following companies are among the largest developers of blockchain technologies:

Notes

You look also the Blockchain and cryptocurrency