Blockchain Technology in Healthcare Analytics

Blockchain Technology in Healthcare Analytics

S. Karthigai Selvi, R. Siva Shankar, K. Ezhilarasan
Copyright: © 2024 |Pages: 16
DOI: 10.4018/979-8-3693-1131-8.ch006
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Abstract

Blockchain is an exciting new technology that is being used to provide creative solutions in a number of industries, including the medical field. In the healthcare system, hospitals, labs, pharmacies, and doctors exchange and store patient data via a blockchain connected network. Blockchain-based software can reliably detect serious errors, including potentially harmful ones, in the medical domain. As a result, it can enhance the efficiency, security, and openness of medical data exchange within the healthcare system. Medical facilities can improve their understanding of patient care and obtain valuable insights from the use of this technology. This chapter discusses blockchain technology and its advantages, popular algorithms in blockchain technology, the current issues in medical data maintenance, and blockchain application fields in healthcare. Lastly, the study identifies and discusses the pros and cons of algorithms in medical data maintenance and key benefits of applied fields.
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2. Advantages Of Using Blockchain Technology

Blockchain technology produces several benefits to the society and are listed as follows:

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    The digital signature function utilization ensures the fraud less operations. This facility made difficulties to change or corrupt the one individual’s data by the others.

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    With the help of changing programs, the systematic actions can be generated and made payments automatically.

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    Earlier, the transactions made after getting the approval from the authorities such as government or bank. However, Blockchain technology safer, smoother, and faster the transactions by getting mutual agreement from users.

Figure 1.

Layout of blockchain technology

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3. Structure And Design Of Blockchain

At its basis, a blockchain is a chain of immutable, distributed, and decentralised blocks, where each block has a collection of data. The blocks are connected by means of cryptographic methods to create a logical chain of information. The consensus mechanism of a blockchain, which features a network of nodes that concur on the authenticity of transactions before adding them to the blockchain, is built to secure the security of data.

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