For the quality of care and cost control, the exchange of health records is essential. The current healthcare system is fragmented, as it requires the exchange of data by third parties. The lack of interoperability and limited connection between healthcare storage systems makes it difficult to transmit, retrieve, clean and analyze data, and most of the data are therefore contained in silos. In addition, healthcare data infringements occur due to lack of security and privacy.
Blockchain technology has a considerable potential to overcome the problems in the current healthcare system. Blockchain provides a transparent, efficient, cost-effective, reliable, secure system that completely removes the third party. Additionally, blockchain paves the way for the shift from existing fee-based healthcare systems to a more value-based healthcare system, improves patient engagement and even opens up opportunities for more consumer centric product segments and revenue streams. Blockchain technology fight against the counterfeit drugs in the supply chain by providing real-time traceability and helps in clinical trial management, drug discovery, interoperability, inventory management. Blockchain technology has a great impact on healthcare insurance by eliminating the fraud and direct connection with patient and healthcare providers.
Apart from Healthcare system, blockchain technology provide solutions for financial services, banking sector, energy and resources, travel and hospitality industry, consumer and industrial products, technology, media and telecom sector to stream line business and reducing cost, fraud and third party intervention.
The Blockchain technology market is driven by the increase in healthcare data breaches, increment of counterfeit drugs, adoption of blockchain as a services. Also, the market is driven by features of blockchain technology such as transparency and immutability of distributed ledger, secure data interoperability etc.
Companies are developing solution for pharmaceutical industries, healthcare providers, healthcare payers and patients. Change Healthcare Corporation, Chronicled Inc., FarmaTrust, IBM Corporation, Medicalchain SA, iSolve LLC, Patientory Inc, SimplyVital Health, Skycell AG, Healthereum LLC, Healthureum, Blockpharma etc. are some major players in blockchain technology.
1. Executive Summary
2. Introduction: BlockChain
I. Features of BlockChain
a. Decentralized
b. Distributed ledger
c. Irreversibility & Immutability
d. Near real-time
e. No Intermediary
f. Smart Contracts
g. Peer-to-peer (P2P) Network
II. Blockchain Structure
a. Merkle/Hash Tree
III. Mechanism of Blockchain
a. Cryptography
b. Digital signature
c. Nodes
d. Hashing
e. Consensus protocols
IV. Workflow of Blockchain
a. Transaction
b. Verification
c. Structure
d. Chain
e. Built-in Defense
V. Benefits of Blockchain
VI. Information Consensus across Multiple Parties
a. Time Stamping
b. Security
c. Authenticity
d. B2B Ownership
e. Resilience
f. Data Loss Protection
g. Data Management
h. Programmable Logic
3. Types of blockchain
I. Public Blockchain
II. Private Blockchain
III. Consortium/Permissioned Blockchain
4. Healthcare Blockchain Consortiums
I. The Hyperledger Healthcare Working Group
II. The Mediledger Project
III. Humana, Multiplan, Optum, Quest Diagnostics, and UnitedHealthcare Blockchain Group
IV. Viant Blockchain Program
V. Hashed Health Blockchain Consortium
5. Application of Blockchain
I. Healthcare
II. Banking
III. Financial services
IV. Energy and Resources
V. Travel and Hospitality
VI. Public sector
VII. Consumer and industrial products
VIII. Technology, media, and telecom
6. Applications of Blockchain in Healthcare Sector
I. Pharmaceutical Companies
II. Healthcare Payers
III. Healthcare Providers
7. Applications of Blockchain in Pharmaceutical Sector
I. Pharmaceutical Supply Chains
II. Drug Discovery & Development
III. Clinical Trial Management
IV. Interoperability
V. Inventory management
VI. Assisting Patents and Intellectual Property (IP)
8. Company Profiles
I. Change Healthcare Corporation
a. Company Overview
b. Blockchain Solutions
c. Enterprise Blockchain
d. Recent Activities
II. Chronicled, Inc.
a. Company Overview
b. Blockchain Solutions
III. FarmaTrust
a. Company Overview
b. Blockchain Solutions
c. Recent Activities
IV. IBM Corporation
a. Company Overview
b. Blockchain Solutions
c. Recent Activities
V. Medicalchain SA
a. Company Overview
b. Blockchain Solutions
c. Recent Activities
VI. iSolve, LLC
a. Company Overview
b. Blockchain Solutions
VII. Patientory, Inc.
a. Company Overview
b. Blockchain Solutions
VIII. SimplyVital Health
a. Company Overview
b. Blockchain Solutions
IX. SkyCell AG
a. Company Overview
b. Blockchain Solutions
X. Healthereum, LLC
a. Company Overview
b. Blockchain Solutions
XI. Healthureum
a. Company Overview
b. Blockchain Solutions
XII. Proof.Work
a. Company Overview
b. Blockchain Solutions
XIII. BlockPharma
a. Company Overview
b. Blockchain Solutions
9. Market Dynamics
I. Drivers
a. Increasing Incidence of Healthcare Data Breaches
b. Increasing Threat of Counterfeit Drugs
c. Increasing Adoption of Blockchain as a Service (BaaS)
d. Transparency & Immutability of the Distributed Ledger Technology
e. Secured Data Interoperability Through Blockchain
II. Restraints
a. Lack of Awareness & Understanding
b. Storage Capability
c. Rules and Regulations
d. Cost of Operating Blockchain Technology
10. SWOT Analysis of Blockchain in Healthcare
11. About EffeMarket
12. Disclaimer
13. Contact US
Figure 1: Blockchain
Figure 2: Blockchain Features
Figure 3: Decentralized System
Figure 4: Distributed Ledger
Figure 5: Smart Contract
Figure 6: Block Arrangement
Figure 7: Hash Tree or Binary Merkle Tree
Figure 8: Work Flow of Blockchain
Figure 9: Benefits of Blockchain
Figure 10: Advantages and Disadvantages of Public Blockchain
Figure 11: Advantages and Disadvantages of Public Blockchain
Figure 12: Viant Platform
Figure 13: Viant Conceptual Model
Figure 14: Signal Stream Dashboard
Figure 15: Blockchain in Healthcare for Patient Data
Figure 16: Blockchain and Healthcare Provider
Figure 17: Blockchain and Data Flow of Patient
Figure 18: Blockchain for Drug Traceability
Figure 19: Drug Discovery Process
Figure 20: Blockchain and Clinical Trial
Figure 21: Blockchain and Interoperability
Figure 22: Blockchain with Intelligent Healthcare Network
Figure 23: ADLT Platform for Supply Chain
Figure 24: Healthereum DAPPS
Figure 25: Data Systemization
Figure 26: Drivers and Restraints
Figure 27: SWOT analysis of Blockchain
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