Healthcare blockchain developer

Identity thefts, spamming and financial data crimes, the patients data can be misused for many reasons as patients dont have control over their data.

2017 Ponemon Cost of Data Breach Study says that the cost of data breaches for healthcare organizations is estimated to be $380 per record.

Blockchain will have a considerable impact on a patients record sharing, billing, and medical research.

Read further to understand how a blockchain healthcare solution can be built to improve the management of the patients health record.

The medical data includes the doctors prescriptions, X-rays, MRI scans, ultrasound reports, angiography, radiography, endoscopy, and so on. Healthcare data comes in various formats like text, paper, numeric, pictures, videos, digital, or multimedia. IDC reveals healthcare data is expected to grow to 2,314 exabytes by 2020.

Electronic health records(EHR) contain exploitable information like name, address, place where you work, prescribed medicines, number of doctor visits and payment methods. A Medical record also contains sensitive protected health information like HIV diagnoses, cancer diagnoses, or psychological conditions.

Data Enrichment- Before storing data to the blockchain

Data Enrichment is a process to add value to enhance the data quality.

Patients health records need to be accurate, secure, understandable, time-stamped, and structured.

Storing unstructured data could lead to inconsistencies, delays in the treatment process, and inefficiencies.

It is essential to implement the following three steps to clean and secure the data before storing it on the blockchain.

Blockchain can eliminate the risks associated with centralization of data by storing the digital health records across multiple nodes within the network. Even more on Blockchain Healthcare, Patients can share their private key with health organizations: Blockchain healthcare solution can never reveal the patients identifiable information until they provide their private key. Patients can share the private key with the health organizations if required. Data would always remain non-identifiable to healthcare providers without the secret key. It is similar to how cryptocurrencies are stored on the blockchain, where the owner with the private key can only access it.

A blockchain can either be a public or a private blockchain. Since an user identity will not be visible in this solution, a public blockchain could also be used.

Once the data is stored, it can be consumed by different healthcare blockchain vendors using smart contracts.

Similarly, physicians in the healthcare centers could access relevant information such as the patients historical health records, age, and diagnostic reports.

Patients would have ownership of the data, i.e., they can decide what information to be shared with which entity using smart contracts.

Data Mining and AI in Healthcare Blockchain

Healthcare data nowadays is generated using different technologies like AI, IoT, or ML. The generated data can be used for multiple purposes, including disease prevention and cure, drug development, and clinical trials.

Heres what benefits could Blockchain bring to the Healthcare Industry

System Interoperability:
The inability to exchange healthcare records could lead to delays in treatment. But blockchain could alleviate this problem by decentralizing the data. Everyone within the healthcare network could access a transparent, yet immutable ledger while having the ownership of data.

Blockchain developers UAE

The blockchain is an undeniably ingenious invention the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?

By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology.

If only time travel were possible then majority of people would wish to back in 2010 to buy bitcoins. A mere 10,000 rupees invested in bitcoins back then would have fetched you over mind boggling 330 crores by now! The world was stunned with such a phenomenal growth of bitcoins as a cryptocurrency. Keep reading this post as we will explain about bitcoin shortly. But how could such a currency grow stupendously on a global scale? The answer is Blockchain. Simple as it may sound there are huge mechanisms in place in making the technology work. The time spent by IBM global financing was reduced by 75% in solving financial disputes using Blockchain technology. Did you know that in international trade finance and remittances ICICI bank using Blockchain technology successfully executed transactions? Did you know SBI is using it in its KYC norms and smart projects? Did you know that Azure is already providing Blockchain as a service(BaaS)? And these are just three instances of the applications of Blockchain and the most obvious use case is bitcoin.

A blockchain is a decentralized digital ledger that saves transactions on thousands of computers around the globe. These are registered in a way that inhibits their subsequent modification. Blockchain technology increases the security and speeds up the exchange of information in a way that is cost-effective and more transparent. It also dispenses with third parties whose main role was to provide a trust and certification element in transactions (such as notaries and banks).

Today we are taking a look at an UAE blockchain developer software company, Leeway Hertz – blockchain developers

They provide various services including : Permissioned and Permissionless Blockchain Development. We have completed permissioned and permissionless blockchain development for startups and enterprises.

Development Portfolio example:

Freight Tracking

Freight tracking solution enables shippers, logistics companies, brokers and carriers to track shipments with increased accuracy in real time. The platform handles data exchange and transactions securely over the blockchain platform, ensuring shipments without delays and frauds. The platform can handle millions of events without friction and track shipments end-to-end.

We convert ideas into practical applications that are scalable and reliable. We recommend following a process to test quickly and get product maturity at early stages. With the experience of building 100+ digital platforms for clouds, apps, and blockchain companies, we have tailored our process to match the ongoing blockchain industry changes.

Blockchain Ideation

Brainstorm idea and business requirements
Identify any existing system migration to Distributed Ledger
Prioritize use cases in Fail fast, MVP & v2.0
Define off chain & on chain business entities
Define technical component
Roadmap of the product

Supporting the following platforms:

1. Ethereum – A decentralized public platform that runs dApps
2. Hyperledger – A provisioned private network meant to share data and process for enterprises
3. R3 – A solution for managing financial agreements
4. Stellar – Stellar is an open platform for building financial products that connect people everywhere.
5. EOS – EOS is a decentralized blockchain, which can process fast and free transactions.
6. Hashgraph – Fair, Fast and most secured acrylic graph DLT.
7. Corda – Corda is an open source blockchain platform for businesses.
8. Credits – Credits blockchain platform manages for creates financial services based on blockchain/ledger
9. NEO – NEO is a blockchain platform designed to build a scalable network of decentralized applications.