2018-10-29 20:00 |
Blockchain is slowly but surely finding its way to mainstream IT and financial applications. The modern healthcare industry has many unaddressed and inefficient processes that are holding back progress. Blockchain technology can help.
Cancer research is the arena in the healthcare space where numerous companies are shelling out Billions of dollars without getting the desired results. It has recruited hundreds of thousands of people from industries varying from hospitals, non-profits, radiology, and pharma. Yet millions of people lose their lives to this deadly disease.
Problems In The Present Healthcare Industry Data isolation: The problems of isolation of data hinders discoveries and exists for various reasons such as data normalization, Legal and Competitive Advantage. Many organizations strive to create the genetic and phenotypic data of their own patients in a fashion for informing clinical decision making. Scalability: Scheduling appointments and managing logistics take a lot of bandwidth. There is no way for the customer to meet with the doctors or undergo treatments without filling a pile of paperwork. Security: Putting medical records onto a centralized database indicates vulnerability and becomes a major focus of attention for most large organizations. Lack of tools: Data sharing and exchanging is a known problem, but what seems to be a relatively unaddressed problem is data analysis. AI has developed to make these processes easier and efficient, yet healthcare industry lacks in capitalizing on it. How Can Blockchain Help?Blockchain can play a major role in streamlining the pharmaceutical industry. The technology enables to share relevant patient data without disclosing personal information of clients.
Luven Diagnostic, a cancer diagnostics company, has developed a cancer screening methodology which can be used to detect early stages of cancer with an accuracy above 95%. They are using blockchain to fundraise. The company launched an ICO to fund their research.
Another obvious application of blockchain in bridging the gap between unused medicines and underprivileged patients in need. A developing example of this is the partnership of the FedEx Institute of Technology and Good Shepherd Pharmacy. The pharmacy aims to restore unutilized medications from patients who no longer require it and redistribute it to the ones who cannot fully fund their treatment.
AI, Blockchain And HealthcareA major chasm exists between genotype and phenotype that limits to unite genetic data and disease. Deep Learning is able to connect the genotype-phenotype divide by aggregating an exponentially advancing volume of data for examination of the complex connections among the two.
Since most phenotypes are determined by both a person’s genotype and by the unique circumstances in which a person has lived, the characteristics Deep Learning permits a continuous learning and discovery of variables that influence health. The need for Deep Learning vs. human analysis is moreover highlighted by the amounts and types of personal data that are made available in our evolving world. Electronic health records, live streamed data from IoT devices, social media, cell phone GPS signals and more are generating a deluge of data ]. all of which when analyzed provide the essential recipe for a better understanding of the disease.
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