{"id":139,"date":"2022-07-25T17:40:30","date_gmt":"2022-07-25T17:40:30","guid":{"rendered":"https:\/\/blogs.indianchamber.org\/?p=139"},"modified":"2022-08-04T10:46:53","modified_gmt":"2022-08-04T10:46:53","slug":"are-we-ready-for-the-blockchain-revolution-in-healthcare","status":"publish","type":"post","link":"https:\/\/blogs.indianchamber.org\/?p=139","title":{"rendered":"Are we ready for the Blockchain revolution in Healthcare?"},"content":{"rendered":"<div id=\"pl-139\"  class=\"panel-layout\" ><div id=\"pg-139-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-139-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-139-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Blockchain is a distributed, decentralized, peer-to-peer, immutable, and secure computer network to store information and transfer digital instruments of value. Blockchain can be considered a database built by fixed-length data blocks chained sequentially, consisting of transactions ranging from 1 to N. Its application in Healthcare can be multiple: a) Electronic Medical Records (EMR) b) Pharmaceutical Supply Chain c) Health Insurance d) Clinical trials and medical research and e) Remote monitoring of healthcare IoT devices. In Blockchain blockchain-based, patient records are injected into the Blockchain, and the data is mapped with the patient\u2019s digital ID for future references and secured sharing with other entities through a Blockchain-based smart contract. In a Blockchain-based pharmaceutical supply chain, a product is registered on the network when it is created. As soon as this product is registered onto the network, it becomes a non-fungible digital asset and can be transferred to other stakeholders through a smart contract. Blockchain can revolutionize the health insurance sector by reducing the amount of time and operational costs of claims and reimbursements. Blockchain-based smart contracts can help ensure claim settlements and reimbursements by automating the manual processes involved.<\/p>\n<p>Are we ready for this revolution in India? We understand it has been implemented in Singapore.<\/p>\n<p>Do share your opinion with us.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Blockchain is a distributed, decentralized, peer-to-peer, immutable, and secure computer network to store information and transfer digital instruments of value&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health-lifestyle"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=\/wp\/v2\/posts\/139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139"}],"version-history":[{"count":0,"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=\/wp\/v2\/posts\/139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=\/wp\/v2\/media\/140"}],"wp:attachment":[{"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.indianchamber.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}