Healthureum is using new technology to solve old problems

There is an ancient belief that new novel technological methods can only fix the problems that have existed for some quite some time. It is quite difficult to dispute this claim because if this was not true, then technologies from the past should have fixed the problems that have existed for decades. Technological companies are at loggerheads as they try to do outdo each other in coming with new ideas that will change the world and bring solutions that will last for a long time.

In the early 90s, there was a desire to create digital cash. Many people and organizations tried to develop a platform that would solve the problem, but it proved too far difficult for the majority of them. Some ended up quitting while others lost a substantial amount of money and time. However, the quest for newer technologies that would solve old problems did not stop. It continued, and it was only in 2009 that a new technology emerged that would sweep across many industries and realign them.

The blockchain initially made its impact in the financial world as it paved the way for the development of cryptocurrencies. The age of true digital cash had arrived. However, many developers realized that blockchain was a decentralized ledger that could be adopted in other industries and solve the majority of problems.

Developers quickly got to work and started implementing the technology in other industries, and it proved to be a success although its impact was not as huge as in the case of the financial sector. In some industries, it was used in conjunction with other technologies. Finally, it found its way into the healthcare industry, and the Healthureum project was conceptualized. It later emerged as a clear favourite for solving some of the problems that could not be solved with older technologies (or lack of it). We now take a look at how new technology and Healthureum can potentially fulfil a role that no other technology could have.

Smart contracts

This is probably the hidden firepower of the technology. Smart contracts have managed to eliminate or at least, mitigate the possibility of fraud and overbilling.
Before smart contracts entered the healthcare industry, contracts were given the green light to go through by a person. This outcome of this is dependent on the integrity of the person in question. Many people took advantage of this situation and overbilled patients or manipulated contracts to suit themselves.

Unfortunately, there were little to no chances of picking up on such things. The introduction of smart contracts has eliminated the third party as they only allow a contract to go through if a set of agreed conditions are met. Smart contracts are akin to a neutral digital which will just make a decision that is favourable to the accepted conditions.


Data sharing

The sensitivity and privacy of healthcare data have been a nightmare that terrorized many healthcare practitioners and patients. Although it may have seemed like a good idea to share patient data across healthcare institutions and physicians, it was a risky move to take.

It some point, it was going to expose patient data and would lead to many complications. The blockchain network offers a safe and transparent network that allows data to be shared across healthcare institutions.

More importantly, this data can be de-personalized if the only general information is required. It is also possible to restrict access to certain individuals and allowing access to others. This allowed the sharing of data in a way that could be determined by the network users. Patients can now easily load data on the network, and this comes in handy in emergency situations. For example, if a person is involved in an accident and loses a lot of blood, a physician will simply go to the Healthureum blockchain network and see the patient’s blood group.

In no time, the victim can quickly receive blood that will save blood. Without blockchain technology and with a slight delay, the victim may not leave to see another day.

Loans

For many people, healthcare is an expensive commodity that only belongs to the rich. For some people, complex health conditions spelled doom for them because they had no way of financing their healthcare bills. However, the Healthureumplatform is meant for everyone. It allows patients who are short of money to get loans on the blockchain network. The loan is paid in forms of tokens, which in turn, would be used to pay the physicians for their service. 

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