How Blockchain Based Healthureum Operates?

Evolutions in the healthcare industry have undoubtedly improved the healthcare delivery to a greater extent. However, there have been inefficiencies in record management that not only consumes time but also give rise to inaccuracies in the health industry. The unavailability of a proper network in the healthcare, the quality of the healthcare services has degraded. But this doesn’t mean there is no solution for all these inefficiencies. Definitely, there are latest alternatives in this technical era that can improve the health industry to a greater extent. 


One of the best solutions for eliminating all the risks of delay in treatment access limitations, mismanagement of data and patient records or any kinds of wrong manipulations by the human.  With the inclusion of Blockchain based system Healthureum, healthcare industry can amazingly get its pace and thus security and accuracy can be increased. Some of the healthcare providers have even adopted this system and have gained amazing success in improving their services effectively.

How Healthureum Operates?

Healthureum is a name given to a collaborative system that is formed by different kinds of technologies altogether. Let's have a look at most important technologies on which Healthureum is based on.


The blockchain is a decentralized technology that performs the function of a digital ledger of different healthcare transactions. Its decentralized nature makes sure that the records stored with it are distributed across different devices that are in its network. Distribution of data doesn't imply that it can be accessed by anyone, but it is secured through cryptography. Blockchain uses two kinds of networks one is permissionless and the other is permission Blockchain. Permissionless Blockchain network can be joined by anyone whereas to join a permission Blockchain network, the administrator can add you to the same.

Ethereum

Ethereum is a distributed platform for computing that is based on Blockchain. The purpose of having this system collaborated to for Healthureum is to get help in the deployment of DApps and Smart Contracts without external interference or downtime.

Smart Contract

The smart contract is a protocol that is responsible for managing and carrying out a transaction between the two parties under certain terms that are pre-defined through the digital contract. One cannot have access to manipulate the terms of the contract.

TGE

TGE stands for Token Generation Event. It facilitates healthcare providers as well as patients with a decentralized funding system. With the help of this technology, funds are raised by selling token.

Ethereum Blockchain is used by the Healthureum to operate in the healthcare field by making use of ERC20 standard. It deploys smart contracts for managing all health care services. HHEM tokens are the only means in Healthureum to accept payments. Rewards can also be compensated through the same. HHEM tokens make sure to provide fast and safe fund transfer means. The integrated Blockchain and Smart Contract technologies facilitate the healthcare industry with the incorporation of S3 Standardization, social responsibility, effective data management, as well as scalability.

How did Healthcare Industry respond?

IBM carried out a survey recently on 200 executives of healthcare across 16 different countries and revealed that around 16% provided a positive response in adopting this Blockchain technology for their services in 2017. Since this is a new technology hence, this is quite positive in the beginning. Virtual health is being promoted by England's NHS by allotting £100 million budget for improving digital excellence. Similarly, making healthcare digitized and adaptive to the latest technology is being tried in Australia by including artificial intelligence to the clinical systems.

Core Mission of Healthureum

Considering the current healthcare system, it is expected that by 2020 the global healthcare expenses with rising between 2.4% to 7.5%. So, the whole industry is exploring the innovative ways to reduce inefficiencies in operations, data, resources and availability of infrastructure as well. Healthureum has been evolved with the aim to incorporate efficiency into the healthcare system while also making healthcare accessible to the population. A technology-driven medical system can let healthcare services to reach the population effectively even the rural and difficult to reach areas. The access to everyone is not the only benefit of this, but healthcare industry can also enjoy reduced costs, eliminated frauds, efficient and reachable infrastructure and resources. Healthureum also enhances collaboration between the healthcare centres around the world thus achieving better results at the friendly budget. As per a report revealed by NHS, it is assessed that around 12-14% of savings can be enjoyed by various healthcare institutions if there is a positive collaboration among the healthcare providers.

The effective operations of Blockchain based Healthureum show that Blockchain could be a possible solution for making a difference in the global healthcare industry. More information visit https://www.healthureum.io/

Comments

  1. Edward11 April 2019 at 02:24

    Thank you for the nice article here. Really nice and keep update to explore more gaming tips and ideas.

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