Is Blockchain The Answer To A Better Healthcare Industry?

Data breaches are the nightmare of every major industry. When they occur, the aftermath costs of fixing the problem can be huge. According to a global study conducted by IBM and Ponemon Institute, in 2017 the cost of a data breach that occured in a major company averaged $3.62 million.

The healthcare industry suffers the highest toll in terms of the cost of breaches, being about $380 per single compromised patient record, which is 2.5 times the global average when compared to other industries.

The other major issue with healthcare is that it is a heavily regulated industry in terms of privacy, and for good reason. Personal healthcare information, along with all of the other data therein (birthdates, social security numbers, payment data, etc.) should be some of the most highly protected information on the planet, according to Jack Liu, CEO of ALLIVE, an intelligent healthcare ecosystem based on blockchain technology that provides encrypted health profile, personal AI doctor and comprehensive healthcare services.

Image Credit:   Pexels.com

Thanks to Dr. ir Johannes Drooghaag. Follow him on twitter:@DrJDrooghaag

Read more at forbes.com

News This Week

Can man ever build a mind?

The idea that we might create machines more intelligent than ourselves is not new. Myths and folk stories abound with creations such as the bronze automaton Talos, who patrolled the island of Crete in [...]

Cold atoms offer a glimpse of flat physics

These days, movies and video games render increasingly realistic 3-D images on 2-D screens, giving viewers the illusion of gazing into another world. For many physicists, though, keeping things flat is far more interesting. [...]

Viruses as Controllable Nanodevices

Viruses are Nature’s delivery vehicles. Millions of years of evolution have molded them into remarkable machines capable of performing a monumental task vital to their survival: the delivery of genetic material into other organisms. [...]

Updated – NanoApps Medical Inc. Near-Term Projects

NanoApps Medical is investigating the possibility that superparamagnetic nanoparticles (SPIONs) (Figure 1) and other classes of nanoparticles (e.g., gold coated nanoshells) (Figure 2) might have the capacity to target cancerous tumors, metastasizing cancer cells, [...]

2018-08-27T06:13:17+00:00

Leave A Comment