Block chain Technology Transforming Healthcare Industries: An Overview

Abstract

Rising global costs and the uneven nature of the healthcare supply chain creates several challenges. The healthcare industry needs efficient solutions that can streamline operations and processes in a cost- effective manner. Leading healthcare players are exploring block chain technologies to achieve efficiencies and gain better control over their work process. In this paper, we present the current state of the subject and summarize the benefits and challenges of the disseminated organization and management of healthcare industries. Block chain is an emerging technology being applied for creating innovative solutions in various sectors, including healthcare. A Block chain network is used in the healthcare system to preserve and exchange patient data through hospitals, diagnostic laboratories, pharmacy firms, and physicians. Block chain applications can accurately identify severe mistakes and even dangerous ones in the healthcare field. Thus, it can improve the performance, security, and transparency of sharing medical data in the health care system. This technology is helpful to medical institutions to gain insight and enhance the analysis of medical records. In this paper, we studied Block chain technology and its significant benefits in healthcare. Various Capabilities, Enablers, and Unified Work-Flow Process of Block chain Technology to support healthcare globally are discussed diagrammatically. Finally, the paper tries to develop two different models which can improvise the workflow of Healthcare industries with the applications of Block chain Technology.