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July 2023
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When was the last time you went to visit the doctor? Or had someone taken in to see the doctor? Irrespective of the time, you must have taken the prescriptions and reports with you; the paper-based medical records have been a staple, enabling you to keep track of your ongoing health condition.
However, technological evolution led to a dramatic shift in regard to the collection and maintenance of documents. Thankfully, we don’t necessarily have to carry folders of health records, blood tests, and other assorted medical documents. Digitized medical records are a boon for patients as you can store them in the cloud server, enabling the doctor to access the data. But is it safe to store health-related information online? What if there is a security breach? These are some of the most common questions that puzzle us whenever we talk about online data storage. That is where blockchain document sharing comes into the picture, which provides an online storage system to keep documents safe from third-party interference. But how does blockchain help to create a trustworthy healthcare records system? Let’s find out: Private and Public Accessibility Options Blockchain technology has undergone considerable evolution over the years; hence people often misconstrue the term due to the similarities between public and private blockchain. Therefore, it is essential to state the difference between the two; for instance, a public blockchain network is open, making it accessible for people to join and participate accordingly. On the other hand, a private blockchain network needs an invitation and requires it to be validated by the network starter or a series of regulations established by the network starter. Furthermore, medical service-providing facilities often use this technology because it provides an authorized platform for only permitted entities to participate. So, it facilitates an excellent blockchain document-sharing advantage, allowing only the participants to have knowledge and access. Identity and Access You must be aware of data theft and online leakage of crucial information, and it is one of the prominent issues standing to threaten data security. No one would want their personal information viewed and misused by people with malice or bad intention. Especially in terms of healthcare, when people store sensitive information regarding their disease, they are vulnerable and require assurance. Hence, blockchain document storage comes with integrated solutions, including identity and access management (IAM) features. Besides, this feature is particularly designed to enable users or participants to keep track of who has been accessing their personal data. Unique Data Storing Facility Data storage needs to be scalable and help users determine the ongoing transaction, and that is exactly what blockchain technology does. The unique blockchain document storage facility comes with cloud-based data storage, so when you go for a doctor’s check-up, the system will record the specifics related to it. Also, the healthcare service provider and the clinic will update and validate it, and you can see these records in the blockchain, where they will be stored and maintained efficiently. High Security Medical prescriptions are one of the most significant documents that one requires to take with them while visiting the clinic. Although you have the convenience of digitized prescriptions, there are still some noteworthy issues. For example, hacking or online duplication of medical certificates; blockchain document sharing makes it easy for patients to share their medical records. In addition, it also reduces the chances of any unlawful activities through its authorized access system, making it difficult for people to hack into it. In Conclusion, Blockchain technology is a state-of-the-art mechanism that enables businesses to store and manage data or information in an innovative way. No wonder it is a perfect solution for the healthcare industry that often struggles with its record maintenance. Besides, blockchain provides an integrated system that streamlines patient data sharing. Moreover, the distributed ledger database helps to eliminate manual data searches, phone calls, faxes, and paper-based data maintenance approaches.
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Blockchain has been around for a while now and many big companies across different industries have incorporated this technology in their systems to maximize their efficiencies. The education sector is not far behind when it comes to the adoption of blockchain technology for a variety of applications involved.
There are many blockchain tech-based service providers that have come up with solutions to simplify various aspects of the education industry. ProofEasy is one such example where it provides a blockchain secure QR code generator to verify educational documents. However, blockchain technology is slowly and steadily also seeping into the higher-ed space and addressing some of the major challenges that it faces today. If you are interested in knowing how blockchain creates a better higher education space then continue to read this blog till the end. Improvement in student record keeping One of the most favorable use cases for blockchain technology in higher education is its ability to transform the “record keeping”. Student records include degrees, certificates and diplomas, digital credentials, etc. and keeping them all under the learner’s control. Blockchain with its decentralized mechanism offers better ownership of these records excluding the need for an intermediary to verify them. Blockchain has also been considered to be utilized for accreditation of educational institutions which is a complex process in many countries. This can help to verify quality or qualification to teach. But that’s not all, this technology’s ability to improve record keeping also makes it a viable solution for addressing intellectual property (IP) management challenges. For instance, with the use of blockchain, users can determine whether an idea or invention is unique or for registering IP assets, copyright and patents. Development of a new market for digital assets The procedure to process student payments can be labor-intensive. Since it may involve the student, parents, financial institutions, scholarship-granting agencies, governments and educational institutions. This makes the entire procedure very complicated which might also extend the time to complete the transaction. However, blockchain can eliminate all the hassle by eliminating the intermediary parties. In the future, perhaps even custom cryptocurrencies could be used as a mode of student payments. In fact, there is an existing use case of this probable future as the King’s College in New York City in 2014 became the first accredited U.S. institution for accepting bitcoin as payment. Therefore, discarding charges involved for carrying out the credit card transaction. Minimize Certificate Frauds While digital certificates are slowly becoming popular, the challenge of authenticating these certificates diminishes the adoption rate of them. However, blockchain can come handy in creating safe space and reducing certificate frauds in the higher education system. A blockchain enabled interface can create an immutable platform. The certificates once uploaded in such an interface cannot be tampered with. ProofEasy is an example where it not just offers the patented blockchain secure interface but also develops a secure file sharing blockchain. It can be rightly assumed that blockchain technology has a significant potential in bringing disruptive transformation in the education world. As for now, there are several educational institutions that are testing and slowly adopting blockchain based solutions like the one offered by ProofEasy - a blockchain secure qr code generator.
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The term “Web 3.0” has been a much talked about topic recently and is also being referred to as the next generation of the internet. It features a novel ecosystem that prioritizes delivering improved security, privacy and transparency to all its users.
One of the highlights of web 3.0 blockchain technology is its capacity to store data that is not censored by any one entity as it tends to exist on the user’s own devices. Built around several decentralized technologies and applications, the activities here are immutable. Now, to understand web 3.0 and its impact on businesses better, keep on reading this blog until the end. The Fundamental Features of Web 3.0 While there is still no standardized definition of Web 3.0 as of yet, it does have a few of the fundamental features and they are - Decentralization - It is a primary principle of Web 3.0. While in Web 2.0, devices utilize HTTP in the form of unique web addresses to gather information and the info is stored at a fixed location, typically on a single server. In the case of Web 3.0, since the information would be searched and found based on its content, the storage of information is done in multiple locations simultaneously. Therefore, making it a decentralized system. This mechanism has the potential to break down the massive databases that are currently held by Silicon Valley giants like Meta and Google. With a decentralized internet system in place, users would be able to gain greater control than they have at the moment. Permissionless & Trustless - On top of being decentralized and based on open source software, Web 3.0 will also be permissionless which means that no governing body will authorize as anyone can participate. It will also be trustless that will enable users to interact directly without the need of going through a reliable intermediary. This only proves that Web 3.0 applications will run on blockchain technology or decentralized peer-to-peer networks, or even with a combination of both. There are many companies that are developing app-based on web 3.0 to create blockchain secure documents. Ubiquity & Connectivity - Information and content on Web 3.0 are more connected and ubiquitous. They can be accessed by multiple applications making a bunch of tasks seamless. As the number of devices connected to the web are increasing everyday, one prime example of such a mechanism can be the Internet of Things. What Could Be The Future of Businesses with Web 3.0? The features offered by web 3.0 can bring about disruptive changes in the business world. With better ownership of the users, businesses can achieve a significant level in terms of personalization. Further, with improved security and transparency due to its ubiquitous and decentralized nature, businesses could have better data management than they previously had. Conclusion While web 3.0 blockchain technology has plenty of potential that can bring major advances in the world, the system is fairly new and has a lot of challenges involved. This is the reason why full adoption of web 3.0 could take time. |