Can mat multi-original chain use blockchain technology to solve pain points in the medical field

In the past two years, blockchain has gone from being unknown to gaining more and more attention, and is even becoming a popular emerging field. In fact, there is a profound internal logic, however, in addition to a few companies or research institutions that have already invested in it, most people's understanding of blockchain is still in the conceptual stage, and they may know some of the features or technical terms, but they don't really know what it really is. Blockchain technology, as a universal technology, can only truly exert the driving force, value and influence of technological innovation by accelerating its penetration into other fields and integrating with various industries. Entering into the current stage, digging for quality projects has become the only way for the whole industry to get out of the long dark night.

MAT Multi-Principal Chain + Medical Field

At present, the degree of digitization in the medical and healthcare field is still in the middle and lower reaches, with great difficulty in the circulation of information and isolation of hospitals from each other, which has a direct impact on the efficiency and accuracy of the hospitals' (related service organizations) inquiries about patient data (cases, etc.), leading to frequent disputes between patients and service organizations. Therefore, industry-wide digitization has become imperative. At the same time, in the part that has been digitized, data security privacy has become a new issue.

These existing pain points can be solved at the root through MAC.

The way blocks are generated and the way data is stored determines that data stored on the multi-original chain has the characteristics of being complete, untamperable, traceable, privacy-secured, and time-series. These features give the multi-origin chain a natural advantage in the medical field, which is complex, large, and has many participants.

Applications of blockchain in healthcare

There are already many use cases for blockchain technology in healthcare, but let's limit our attention to a few of the most promising ones:

1Health data

Creating usable, highly intact health records as patients move through different healthcare domains and systems is one of healthcare's a major challenge. Blockchain may help by creating a reliable source of data to track changes between systems and solve many of the problems associated with integrating data between private systems. In other words, blockchain could be the glue that holds together highly decentralized medical records.

However, this quickly leads to the most important non-technical problem with blockchain: If a distributed ledger is the authoritative source, who "owns" access to the part of the blockchain that "you" own? For patients, the blockchain makes sense in that it will give them more control over their data because they (theoretically) hold the key to unlocking their data.

2Medical privacy

Personal privacy and data leakage problems are actually encountered by all of us, for example: just last week we went to the hospital to see a doctor, and immediately we will be intensively harassed with phone calls, all kinds of registration, selling drugs and so on.

Medical data is directly related to our lives, health, and personal property, so its privacy, security, and accuracy are especially important. However, at present, the entire healthcare system faces the problem of not being able to securely ****enjoy data across platforms. Blockchain technology can help us to better protect, circulate, and utilize these very important data. And Duoyuan Chain is an active practitioner, trying to boost the transformation and upgrading of the traditional medical industry with the potential of technology.

Specifically, MultiChain utilizes blockchain technology's decentralization, smart contract, non-tampering, and information transparency features, and combines with N medical and pharmaceutical resources to achieve medical and pharmaceutical traceability, real-time tracking of data on the chain, and circulation of resources, etc., and is able to effectively solve the pain points of the medical and pharmaceutical industry and the current situation of patients' difficulties in seeing a doctor.

3Revenue Cycle, Reconciliation, and Fraud

The biggest cost burden lurking in the U.S. healthcare system is the continuous tracking of services and the flow of money: the immense complexity and the distributed nature of our health system means that billions of dollars need to be spent each year trying to understand which patients have received which services, and which providers have provided those services. Disputes inevitably arise, and both the insurance industry and healthcare providers spend a lot of extra time and money trying to resolve these disagreements.

Because of its independent architecture, blockchain may become the basis for a high-integrity tracking function that can be updated in a near-instantaneous manner. This means fewer errors (both financial and patient care) and a significant reduction in fraud. Given the scale of the field, this could generate enough interest to attract investment to help solve these complex technical challenges. Addressing counterfeit medicines, inflated drug prices, overmedication, and overuse of medicines.

Blockchain in life sciences

Pharmaceutical/biotech R&D is moving toward cross-organizational collaboration, with ***sharing*** resources between companies, government agencies, and research institutions at the core of its development. However, there is often a reluctance to ****share data between organizations because they are concerned about data theft. Blockchain offers the possibility of hard-coding trust into the process of collaborative R&D in a magical way. More trust means more collaboration, which in turn increases productivity.

By exploring the impact blockchain has on individuals, the rise of personal genomics means that patients who own their genetic sequences are able to control their genomic empowerment in a way that was previously impossible. Therapeutic research is increasingly focused on mining genomic information. Blockchain, a technology with significant potential as a way to gain permission to access an individual's anonymized genetic sequence, could give patients more rights, and it may soon become mainstream.

In addition to this, supply chain technology is showing signs of rising in other areas of opportunity such as cybersecurity for hospitals and pharmaceutical companies, supply chain management, IoT data management and precision medicine.

Digitized medical and pharmaceutical resources become "biomedical digital assets" with strong liquidity, transparency and visibility. Blockchain is the infrastructure of the future digital economy and society, as well as an important asset for the digital transformation of various industries. Embracing blockchain is embracing the future. Extreme speed is the future, and MAT multi-original chain has been on the road.