Individual users health records - both user generate data: Activity monitors (fitness bands, mobile apps), home medical devices etc., and co-generated data from hospitals, testing laboratories, insurance companies etc., are becoming important to protect and regulate access of this sensitive data.
Patient health records is a sensitive data and there are regulations that must be followed. Globally, there has been a heightened need to increase privacy and limit access to patient's health records to avoid misuse and abuse.
Here is one use case for Blockchain based record vault - which enables users to secure their own health records & information.
At this point in time, there are no major solutions which offers this, and hence this a mere idea today - which can become a potential product/solution in near future.
There are several benefits of such a system:
- Secure HIPPA Compliant Data Access.
- User – i.e, Patient owns all his data & can choose to whom to share this data.
- Doctors & Healthcare professionals get authenticated data on all patient records – when needed.
- Simplifies Hospital data record management & has data only when patient has approved & for a agreed duration of time.
- Drug Research organizations get authentic data & speeds up research.
- Patient’s insurance claims are faster due to secure & authentic data. Results in faster disbursal
- Retail & Pharma companies can buy user data directly from the patient/user. Thus helping patients from monetizing their own data.
Blockchain's smart contract system allows users to regulate who has access and for how long. Users can thus monetize their own health records and also prevent misuse of their health records.
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