- February 1, 2020
- Posted by: admin
- Category: Blog
As technology attempts to bridge multidisciplinary gaps, we have yet to see a full embrace within the healthcare sector. The way our data is processed and retrieved in Canada is so far behind other industries that often you’ll still see operating rooms using pen and paper to record procedures before filing them away in an outdated database. It’s confusing, unnecessary, inefficient, and lacks transparency.
With the utilization of blockchain technology, we can expedite the process for our healthcare professionals and empower our patients with easier access to their information.
The premise of blockchain technology is transparency, immutability, and retrieval that is smooth, secure, and fast. With Medical Veda’s implementation of blockchain, everyone involved in healthcare will benefit tremendously. As of current, for many patients who want to review their past medical history, it can be a daunting task.
Traditional methods entail research facilities utilizing data from patients and returning a self-serving profit. Medical Veda’s ecosystem ensures that those who willingly provide their information in studies will be rewarded with a portion of its profit. Patients will have a better understanding of what’s going on with their data, how it is being utilized, and at their discretion, can choose to profit off research opportunities that they can put back towards their future medical expenses.
With blockchain being a distributed ledger system, Medical Veda provides transparency between our research facilities, pharmacies, doctors, and patients. Currently, database systems are unique to each hospital system leading to an inefficient transfer of data that can be costly and time-consuming. As many centralized database systems are fragmented and difficult to navigate, data sharing is at risk of hacks and fraud. Medical Veda’s ecosystem helps everyone stays up to date on prescriptions, diagnosis, and updated patient history. This will lead to fewer malpractices, fewer instances of fraud, and a more efficient process that removes a lot of the headaches that are currently associated with healthcare.
With technology being a baseline measure of how industries improve, the utilization of Medical Veda’s ecosystem is the next big leap for the advancement of healthcare. Giving our patients control and an understanding of their medical data empowers them to make better-informed decisions about their own health as well as incentivizes them to stay involved with the progression of scientific discovery. Research institutions have direct access to necessary information in a streamlined process that is cost-effective and efficient. Healthcare professionals, in general, are all kept in the loop about updated medical history, prescriptions, and diagnosis so that everyone is better informed and can take the proper steps to prioritize patient safety.
Medical Veda is taking the initiative to put our patients first and focus on what really matters.