Blockchain Revolutionizes Healthcare Data Management Amid Rising Breaches and Security Challenges
December 23, 2024Blockchain technology has evolved significantly since its inception in the 1980s, with major developments in both public and permissioned blockchains by 2024.
Permissioned blockchains, such as Corda and Hyperledger Fabric, are particularly well-suited for enterprise applications that demand privacy, security, and regulatory compliance.
Hyperledger Fabric facilitates the development of smart contracts and is designed for consortium business networks, enhancing collaboration and efficiency in various sectors, including healthcare.
Multichain allows organizations to create private blockchains tailored to their specific needs, which enhances scalability and security.
Healthcare data can be classified into structured, unstructured, and semi-structured types, each presenting unique management challenges.
Effective healthcare data management is essential for informed decision-making, patient care, clinical research, and regulatory compliance.
The absence of standardized data management practices can lead to significant healthcare challenges, including misdiagnoses and compromised patient safety.
A staggering 78% of healthcare data breaches are attributed to hacking and IT incidents, underscoring the urgent need for robust security measures.
Between 2011 and 2021, healthcare data breaches surged by 250%, with the average cost of a breach reaching approximately USD 10.1 million.
A recent study systematically reviews literature from 2016 to 2024 on blockchain's role in healthcare data management, highlighting both challenges and complexities.
The rise of blockchain technology presents significant opportunities to enhance the management and preservation of healthcare data.
Permissioned blockchains offer controlled access and governance, which is critical for ensuring data privacy and security in the healthcare sector.
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