As we know the existing COVID-19 is snatching away thousands of lives leaving national governments, healthcare systems and employers in a stateless situation and they have been scrambling to respond to this worsened situation. In this situation there is badly need of digital technologies for communication and for this digital transformation VeChain has been trying.
VeChain wants to bring this digital transformation in the healthcare sector with blockchain technology. VeChain along with I-Dante co-developed a blockchain-enabled medical data management platform named The E-NewHealthLife.
Digitalization of Healthcare System
The thought of transforming the healthcare system has been in place for a long time. But because of some hurdles it remained lag behind. Administrative and technical difficulties behind this thought include the balance of health imperatives and privacy concerns, the increasing cost of financial expenditure, lack of collaboration among relevant parties and pooling data from different digital records systems.
Blockchain solution in response to the challenges
The E-NewHealthLife Web App is more suitable in the emergency department of the hospital will work to deliver better, more efficient and more effective healthcare solutions. Through this app, one can secure data sharing complying with increasingly strict regulations on the use and sharing of patient data. Powered by VeChain ToolChain, the Digital Healthcare Passport is an encrypted NFC Card that can be assigned to any patient of the hospital.
With this NFC card patients can automatically identify themselves at the Emergency Room registration desk, check their queue, manage medical records and share data securely. The E-NewHealthLife fully complies with the GDPR and the owner of the app has full control over their profile and medical records. Hospital management and staff will use the app to collect and record information on patients.
Building Trust among Healthcare Sector
Blockchain technology deducts the middleman and access patient databases on a large, population scale. According to a speculation, the adoption of blockchain technology could save the health care industry up to $100-$150 billion per by 2025 in data breach-related costs, IT costs, operation costs and through deducting frauds and counterfeit products. VeChain has been working to bridge trust among businesses maintaining compliance with local authorities and regulators. VeChain is trying to unfurl the potentiality of blockchain in the sector of medical and healthcare sector.