Since its invention in 2008, blockchain technology has expanded from its initial finance-based applications into many other industries, such as healthcare, supply chain management, and digital identity verification. Looking specifically at healthcare, an industry that is plagued with non-interoperable data and security problems, blockchain is posed to completely transform the current standard practice. In this blog post, we delve deeper into top 5 healthcare companies that are harnessing the power of blockchain technology. The real-world use-cases created by these pioneering companies illustrate how clever applications of blockchain can address some of the most pressing challenges in healthcare. Read on to find out how we, here at Acoer, and others are making this happen!
1. Acoer
Here at Acoer, we are at the forefront of integrating blockchain technology into healthcare solutions, aiming to enhance the interoperability and integrity of health data. By focusing on real-time, user-friendly software, we are addressing some of the most significant data management challenges faced by the healthcare industry. One of our notable projects, the Health Data Explorer is re-envisioning how we are collecting, accessing and analysis health data. This platform transforms complex health datasets into a visual, interactive experience, enabling swift and informed decision-making for healthcare professionals. Through such initiatives, Acoer is not just contributing valuable tools but also pioneering the way we learn from our health data.
2. HealthReady
Another great example is HealthReady, which is revolutionizing the landscape of clinical trials by making research more patient-centric. At the heart of HealthReady’s innovation is the commitment to enhancing data integrity and patient identity management. By utilizing Hedera Hashgraph, the HealthReady app provides a secure and verifiable record of patient consent and data, fostering a new level of trust in research. Furthermore, HealthReady facilitates more efficient collaboration between clinicians and patients, where patients are able to sign up for studies and thus optimising the clinical trials research process. As a result, HealthReady is enabling impactful rare disease research, an area where recruitment of large trial cohorts has historically been challenging to achieve.
3. SAFE Health Systems
SAFE is reshaping healthcare by creating an unalterable and secure ledger for health records, in order to prevent the all-to-common health data breaches. SAFE uses Hedera Hashgraph to deliver real-time, tamper-proof access to health records and ensure that patient data remains both protected and accessible. Our health data’s value is immeasurable, and its security is of utmost importance, which is why SAFE’s real-time ledger is a necessity. By ensuring data protection and accessibility, SAFE is setting a new standard in the safeguarding of patient information.
4. MyTERA
MyTERA is transforming the occupational health ecosystem with an employee-centric approach, recognising that each work task carries its unique set of exposures and risks. By utilizing Hedera Hashgraph, MyTERA time-stamps and tracks each employee’s tasks alongside potential exposures, creating a comprehensive and immutable record. This level of detail not only meets but exceeds the Occupational Safety and Health Administration (OSHA) requirements, and leads to better employee well-being and safety.
5. Charles River Laboratories
Charles River Laboratories plays a crucial role in drug development by offering comprehensive laboratory services for pharmaceutical and biotech entities. Drug development is a long process requiring meticulous research, as well as a significant financial investment. At Charles River Laboratories, they are working on incorporating blockchain technology into this process to ensure the integrity and traceability of their research, leading to a transparent audit trail of the drug development process. As a result, they are providing an immutable ledger that stands up to the stringent scrutiny of regulatory compliance and accelerates the delivery of new therapies to the market.
Blockchain as a Healthcare Innovation Catalyst
These five examples illustrate the different ways in which blockchain technology is being employed in healthcare. We hope that through this blog we have shown you that blockchain is not only streamlining processes and fortifying data integrity, but also amplifying the transparency and efficiency of healthcare services. As these technologies continue to evolve, they pave the way for an increasingly secure, efficient, and patient-centric healthcare ecosystem, showcasing blockchain’s potential to revolutionise the industry and improve patient outcomes. If you would like to learn more about any of these technologies, please visit the companies’ websites or reach out to us!