Are you frustrated with the old paperwork records of health reports and medical statements? Then, it’s time to digitize things. Web3 assists you in visualizing your reports in a whole new way that you never imagined with the help of VR, and AR technologies. By taking advantage of the capabilities of web 3, healthcare organizations can improve the quality of care they provide and enhance the patient experience. As the internet continues to evolve, so will the ways that healthcare professionals utilize it to improve patient care. Let us examine the ways in which web3 will benefit healthcare.
Magnificent role of web3 in healthcare
web3 creates a decentralized network where the data is distributed and no central authority interferes with the user’s data privacy. In contrast to the current ecosystem of web2 the present web 2.0, has some significant flaws like centralization, censorship, data leakage, and other issues, whereas web3 came as the solution for these problems.
With the use of blockchain technology, web3 creates a trustworthy peer-to-peer ecosystem. Web3 in healthcare redefines the patient data management systems and simplifies to have well-organized medical records. Gradually, We can see that new services and solutions are being introduced in web3 for healthcare. This advancement proves the eminence of web3 in the healthcare sector.
1. Decentralized Data Management
Web3 plays a vital role in the department of managing user data. It prioritizes user security as the prominent feature, mostly used for appropriate data management in major healthcare institutions. Each patient approaching a hospital has a specific reason, so it requires a unique and extensive medical record which can be complex for the hospital management. Whereas an enormous number of people will access the hospital in a day, which might result in unorganized data management with information overload. Web3 benefits in managing patient data in a proper and safer way, it stores the data in a distributed open blockchain network.
Moreover, the patient can have complete control over their data, which can be accessible only by the owner (or) the right medical professionals. Healthcare organizations can use advanced encryption technologies to securely store and transmit patient data. This ensures that only authorized personnel have access to sensitive information and reduces the risk of data breaches.
2. Telemedicine
Telemedicine in web3 healthcare refers to the use of blockchain technology to facilitate remote medical consultations and the sharing of patient data. In a web3 telemedicine system, patients can consult with doctors and medical professionals remotely, using video conferencing or other digital communication methods.
One of the key benefits of web3 telemedicine is the ability to securely share patient data across different healthcare providers. Using blockchain technology, patient data can be stored in a decentralized way, with each participant in the network having access to the same information. This allows for a more comprehensive view of a patient’s health history and can improve the quality of care. Smart contracts can also be used in web3 telemedicine to automate certain processes such as scheduling appointments and processing payments. This can make the process of arranging a telemedicine consultation more efficient and streamlined.
3. Prioritizes surgical training
In the Medical industry, the usage of technologies like virtual reality and augmented reality are being utilized by premium hospitals and organizations. It provides a 3D image of the patient, enabling surgeons virtually to plan and execute the surgical treatments. Incorporating many technologies, the metaverse provides a unique platform for performing operations. Established surgeons consult with surgeons from several places to assist in surgeries through the metaverse. This has been proven successful in countries where treatment for a certain disease or condition is inaccessible.
This platform could use smart contracts to ensure that training is conducted in a secure and transparent manner and that users are properly incentivized to participate. Also, web3 technology can be used to create digital tokens that can be used to incentivize participation in surgical training programs. These tokens could be used to reward users for completing training modules or for demonstrating a high level of skill in surgical procedures.
4. A virtualized hands-on experience
The present medical training techniques are entirely based on graphics and videos, which you can only view and learn. Many medical training institutes grant medical students the to operate on corpses. Although, there are ethical rules and concerns. The advancement of metaverse technologies has been considered a relief in this case. Various medical training organizations are already in the practice of using AR, VR, and MR to teach students about human anatomy. Students can explore a 3D image of cellular-level details of the human body and be stimulated by real-world procedures using Metaverse, without any risk factors. As a result, Using metaverse for medical training is to create virtual simulations of surgical procedures. These simulations can be used to provide hands-on training for surgeons, allowing them to practice performing procedures in a realistic and safe environment. The virtual simulations can also be used to train other medical professionals, such as nurses, anesthesiologists, and medical students. These virtual classrooms can be used to provide a more interactive and engaging learning experience and can be accessed by medical professionals from around the world.
5. Medical Supply Chain Traceability
The healthcare sector is increasingly concerned about pharmaceutical counterfeiting since the pharmaceutical supply chain lacks transparency. The actual drug is manipulated with and counterfeited by illegal drug manufacturers, resulting in drugs that have fewer of the necessary components or active substances. This may have a harmful effect on the patient’s health and make their condition even worse. Web3 in healthcare would assist in managing and eliminating counterfeit drugs in the market.
Blockchain offers safety and transparency which anyone in the network can view. Though, the owner can only access it, also cannot be altered or deleted once it is placed in the blockchain. Consequently, the issue of pharmaceutical counterfeiting can be resolved if the entire supply chain is switched to the blockchain and each drug is documented on the chain before moving forward.
6. More Accurate Diagnostics
Web3 can be used to improve the accuracy of diagnostics in healthcare by creating a secure and transparent platform for sharing and analyzing medical data. It will improve diagnostics through the creation of decentralized medical databases. These databases can be used to store medical data, such as patient records and test results, in a secure and transparent manner. By using blockchain technology, these databases can ensure that the data is tamper-proof and can be accessed by authorized parties only. This can help to improve the accuracy of diagnoses by providing healthcare providers with more complete and accurate patient information.
Also, web3 technology can be used to improve diagnostics through the creation of decentralized AI-based diagnostic systems. These systems can use blockchain technology to securely share and analyze medical data in order to make more accurate diagnoses. Additionally, the use of smart contracts can help to ensure the transparency and accountability of these systems.
7. Smart Contracts for Medical Billing and Insurance
Smart contracts provide a quicker and more secure way to transfer patient information. It is mostly used by insurance providers, hospitals, and other healthcare services. If a patient’s insurance information was stored on the blockchain, their doctor could access it whenever necessary. Similarly, hospitals could quickly add the patient’s medical records to the distributed ledger so that their insurance company could access them, and insurance payments can be processed automatically.
By using Smart Contracts, the process of billing and insurance can be automated and the process can be made more transparent. The Smart Contract can be used to securely store and transfer data related to medical billing and insurance, such as patient information, medical records, claims, payments, and more. Smart Contracts can also be used to automate the process of verifying and confirming claims, as well as to facilitate communication between the patient, the medical provider, and the insurance company. This can help to reduce the amount of time and paperwork involved in the process, while also making it more secure and efficient. Smart contracts provide a quicker and more secure way to transfer patient information.
Summing Up :
Web3 has the potential to revolutionize the healthcare industry with its predominant extensive features. It can decentralize the entire system and gives data control to the users. Whereas, the rest of the world will still be reliant on the old paperwork records trusting the authorities and organizations blindfolded. By utilizing decentralized data management and blockchain technology, patients have more control over their medical data, and healthcare providers have access to a more complete and up-to-date patient medical history, which can lead to more accurate diagnoses. Additionally, the use of artificial intelligence and smart contracts can increase the efficiency and accuracy of telemedicine diagnostics.
Being a web3 development company, Dappfort offers complete Web3 solutions for businesses. Our web3 engineering team has years of experience developing web3 applications for a wide range of industries and we continuously strive to provide successful outcomes. If you are interested in developing a web3 app for your healthcare institution, Contact us! Our experts can help you materialize your idea into a successful business.