Blockchain And Its Impact In The Healthcare Industry

Blockchain in Healthcare sector

The 21st century is the era of information. It is called so because knowledge rules the world today. As the antagonist of the popular TV series Sherlock Charles Augustus Magnussen rightly put it, “Knowing is owning.” This knowledge is the Ultimate commodity, and the internet is the ultimate marketplace. And Cryptocurrency is the manifestation of Information; Encrypted Information in the form of currency. Bitcoin and its competitors in the field of Cryptocurrency are all encrypted data which are used as currency on the online platform. The value of this currency is not associated with any real-world asset and is fully virtual, based on trust. This trust springs from guarantees of authentication (proof of identity) and authorization (proof of permission). The transfer and trade of Cryptocurrency are conducted online and hence can be recorded and stored. But what most people do not realize that the underlying technology behind the BitCoin phenomenon is Blockchain.

Simply put, Blockchain is an electronic ledger. The function of Blockchain is to be a platform where trade and exchange information can be stored. This trade need not be financial but can be virtually anything of value. The records of the transactions are kept in such a way that it is incorruptible and transparent. The critical features of Blockchain which make it an efficient and trustworthy storage space are as follows.

  • The data is stored in a shared database with no central or master copy, which makes it nearly impossible for a hacker to corrupt.
  • The data stored is regularly updated and tuned by multiple users.
  • This information is public, which means anyone on the internet who has proper credentials can access it.



These features make it the perfect platform for any kind of record keeping. This is the reason why BlockChain can be relevant any and every sector, be it Business, Logistics, Manufacturing, etc.

Every industry needs some database in which a business can enter, store, edit, and manage the information related to their work. At a later point in time – they can effectively access it from multiple points so that the communication becomes more competent.

But particularly in fields such as Healthcare and Government, where the Public is also is at stake, the addition of Blockchain serves another equally important purpose, which is Transparency. The inherently decentralized nature of the storage process ensures that the Information that is stored in these secure ledger is incorruptible by any one individual or group. It also enforces that the information stored in this network is adequately verified and authenticated. In addition to that, the data is accessible to the public, provided that there are laws in place to govern that, and proper identity confirmation is carried out. This will ensure that anyone can access this information, and whoever obtains this information can verify its authenticity and completeness. What this translates to is that that we can assign different access levels to varying levels of hierarchy. The public, the doctors, the pharmacists and so on can have different kinds of authority regarding access and modification of the data stored.

Blockchain And Healthcare – Impact Analysis

Coming to the use of Blockchain technology in the Healthcare sector – a new breed of applications is bringing ease of access to information regarding Drugs, Pharmaceuticals, and Medical Procedures to everyone involved, thus bringing transparency throughout the patient care lifecycle. It also includes making collection, organization, revision, and verification of the data easier. By using Blockchain technology, the information regarding Healthcare like Drug sales, Health records of all patients, Details, and specifications regarding Medical procedures, Hospital log, etc. can be stored in a decentralized Database based on interconnected networks of personal computers. These computers can be used as terminals to access, edit, and update this information, given that they have the proper credentials and authentication.


Blockchain And Healthcare – Impact Analysis

The use of Blockchain in Healthcare industry is already disrupting it. Since it is only in its infancy – it is not hard to stretch your imagination and realize that blockchain will revolutionize how we care for the unhealthy. Currently, a lot of problems prevail in the field of Medicine because of a lack of uniform, a reliable and transparent method for storing and retrieve sensitive information. Issues like illegal drug sales, improper treatment, shady deals between doctors and pharmaceutical companies etc. are a can of worms. And Blockchain can be efficiently used to tackle these dilemmas.

Private health records of a patient could be made available instantly and securely to all doctors in all hospitals, making treatment more accessible, especially in case of emergencies. Information about the patient’s demographics, health records, and treatment history is critical to ensure that the best possible care is given to the patient. All these essential workflows will become easy and secure with the use of BlockChain, which grants doctors and other officials with the proper credentials to access, modify and monitor these records.

Drug Tracking, the sales of Drugs and Pharmaceuticals from manufacturers to retailers, is a chain where a lot of problems happen, like illegal drug sales and defective drugs. Using Blockchain to oversee this pathway can help ensure that the drug that is being sold is legal and trustworthy. It also helps to trace a drug back to its sellers and manufacturers in case something goes sideways. The end to end tracking and auditing ensures accountability. It also ensures that the market doesn’t get contaminated with defective goods.

In Research and Development of new medications and medical procedures, the storage and flow of information is an integral step. By using Blockchain instead of conventional means, the data stored can be verified by experts and stored without fear of corruption of this information by any party. This guarantees authenticity in the new products and procedures discovered, as the development of these were wholly transparent and tamper-proof.

medication and genomics

The same database can be used for patient-specific medication and genomics. It has been theorized that depending on the genetic makeup and traits, every individual has different specifications and requirements in medicine. The storage and flow of such information can be done using this technology.

What we talked about above are just a few use cases of this fantastic technology. There are many more, like Electronic record keeping, easier access to information for the public, effortless tracking of the Medical Sector by the Government, etc. The possibilities are endless.

The Verdict

Blockchain itself has many advantages as a network for Data Storage and Analysis, as it is a system open to all computers connected to it. Effectively decentralized and super-fast, it is the perfect entity for a ledger. The age of information is upon us. And this system has the potential to act as the Heart and the Blood Vessels for data to flow. It is a means for effective and continuous communication and data transfer. Blockchain in Healthcare systems will make our lives a lot easier, and there is lots to be conquered.

How Artificial Intelligence Will Transform Healthcare Industry In Next 5 Years

We’ve been overusing the term Artificial Intelligence and AI with everyone we meet online and offline. Mostly inspired by its influence in multiple industries. A lot of them indeed.

The way industries are employing this smart technology is indeed overwhelming. In fact, the use of machine learning, artificial intelligence, and deep learning is becoming pervasive in all walks of life. This ubiquitous and generous use of AI gives us a tonne of hope and curiosity about how Artificial Intelligence is going to help us deal with our day-to-day hardships.

Healthcare industry is one industry which touches almost every human on the planet. And we are already witnessing how the healthcare industry is trying to revolutionize patient care, diagnosis, and even surgical procedures with the help of Artificial Intelligence. Using robotic operations, automated medical appointments, secure and up-to-date digital health records et cetera. These use cases are a solid proof of more disruptive development coming in the near future in the healthcare vertical.

Let’s look into some great examples of Artificial Intelligence within the healthcare industry.

Insurance Verification

Zocdoc is the leader in the healthcare appointment space. A truly beneficial network, where patients can find doctors nearby and peruse real user reviews for those physicians for further consideration. The website caters to patients in more than 20 cities with the range of specialty doctors, from allergist to urologist.

How is AI used at Zocdoc?

Zocdoc’s Insurance Checker was pushed live recently for their iOS and Android users and their mobile website. This brand new feature mainly eases the ever existent pain point of both patients and doctors — that is the insurance checker now analyses, understands, and auto verifies the health insurance for a given patient.

For the healthcare industry, mainly to verify health insurance information can cost invaluable time. In general, the administrative cost alone makes up to 15% of all healthcare spendings according to 2016 CAQH index report.

Also, Zocdoc worries that the quarter of office manager’s’ time is spent dealing with insurance verification.


Healthcare organizations focus on hiring a strong team for customer support. Where representatives take patient inquiries via phone, email, chat, and every other communication medium. In this space, an automated technology powered by Artificial Intelligence will be of great help.

Juniper Research announced that the inclusion of AI within health industry workflows will help organizations save more time. And the existing chatbots will become adept at their work because of the developments in AI and continuous learning. A survey revealed that chatbots, if implemented correctly can save a minimum of $8 billionannually, by the year 2022.

Chatbots generally use multiple technologies, such as sentiment analysis, natural language processing, and knowledge management to have accurate and realistic conversations with real humans.

Language processing is all about making right assumptions and understanding what the user is speaking about. And then by applying latest technical methodology create a conversation flow, either direct or via guidance.

Virtual Assistant Platforms

The Nuance Virtual Assistant platform initiates pre-built capabilities that trigger clinical workflows and initiate the conversational dialogue.

With the voice recognition technology comes the healthcare virtual assistant designed for clinics and hospitals, voice biometrics and text-to-speech, EHR integrations and strategic health IT relationships, an archetype smart speaker customized for healthcare use-cases and to maintain a secure platform.

Technology needs to be unobtrusive and support the process of providing high-quality patient care — not get in the way, said David Ting, MD, Chief Medical Information Officer at Massachusetts General Physicians Organization. Nuance’s AI-powered virtual assistant technology implanted into the ER will aid us to create a unique new generation patient care a reality.

Nuance is helping create healthcare environs where clinicians can refocus on their patients without technology intervening in their way, said Peter Durlach, Senior Vice President of Strategy, healthcare division, at Nuance.

Lab Results Diagnosis

The Belgian inventor Walter DeBrouwer who founded Scanadu — a controversial personal medical scanner company, is unveiling his stealth mode venture: an AI-powered “robodoctor” called

Holding an undeniable affinity for medicine but with the desire to move into software, DeBrouwer and longtime buddy, Dr. Alan Greene figured out and set path towards the opportunity in the growing number of “omics” — genomics, microbiomics, phenomics, etc. And the mountain of data that was piling up on the human body without any proper interpretation method.

With, DeBrouwer plans to unburden doctors and assign it to an artificial intelligence diagnosis robot: to interpret lab results. The company’s first product will identify blood tests, then genetic tests, then they’ll gradually add a variety of other tests.

The platform will use natural language processing to literally speak with patients through an application and elucidate their lab results to them. If and only if communication reaches a stalemate, the platform will route the patients to a human doctor.

Emotional Intelligence Standards

AI-based virtual assistants are evolving swiftly, and more and more efforts are being devoted to making the robots emotionally intelligent — able to pick up on subtle changes in speech, intonation or gestures to analyze a person’s swings in moods and feelings.

The ways it could impact wellness and healthcare are fascinating. By reading into vocal tone, AI platforms can further detect depression, or even identify the underlying chronic conditions such as heart disease. For example, a Tel Aviv-based startup called Beyond Verbal is working on analytics tools that works with Amazon Alexa et al. to gain insight into the behavioral and vocal patterns of patients.

Along the same lines, hospitals are looking to realize the benefits of AI and EI to muse hard about where and how the technology can be deployed as it continues to mature, said Anthony Chambers, Director in the life sciences practice at Chicago-based consultancy West Monroe Partners.


These are some of the horizons where Artificial Intelligence is highly utilized currently. While the uses for AI in healthcare are enormous and varied. Voice-enabled virtual assistants can help clinicians get hold of notes or allow surgeons see safety checklists. They can help staff who handle coding and transcription processes. Smart deployments of the technologies like this will hold the potential for major gains in hospital efficiency. And with other advanced technologies like emotional intelligence and deep learning, the creations to analyzing and assisting both patients and doctors will aid more advancements in the healthcare industry.


Manuj Aggarwal is an entrepreneur, investor and a technology enthusiast who likes startups, business ideas, and high-tech anything. He enjoys working on hard problems and getting his hands dirty with cutting-edge technologies. In a career spanning two decades, he has been a business owner, technical architect, CTO, coder, startup consultant, and more. Learn more about Manuj’s consulting services and courses at