Today, many modern and reputable companies in various industries are using blockchain technology. Many companies are active in the fields of real estate, banking, retail, pharmaceuticals, medicine, etc. Companies that are each giants in their own industry, such as:
• Walmart, the retail giant, which has the largest network of grocery stores, supermarkets, and hypermarkets in the world;
• Pfizer, the pharmaceutical and biotechnology giant;
• American International Group (AIG), a multinational financial services giant that provides insurance and investment management services, asset management, and mutual fund management.
• Siemens, the largest European manufacturing and industrial company that operates in the medical field.
Using the transparency and authenticity of blockchain data, which cannot be tampered with or changed, these companies are able to accurately and reliably track each stage of their business production or distribution, and thus, as soon as the slightest defect is created in their production and distribution process, they are quickly informed, tracked, and fixed through smart contracts.
Blockchain Application in Medicine
In the field of healthcare, blockchain is still in its infancy and is currently undergoing trial and error. Theoretically, it can be said that early blockchain solutions have great potential to reduce healthcare costs, improve access to medical information among stakeholders, and also simplify business processes.
An advanced system can take advantage of the transparency and authenticity of blockchain to collect and share patient health information, thereby greatly reducing medical costs.
Example of Blockchain Application in Medicine: Medical Data Collection Application
A person visits many medical centers and receives special care throughout his life; therefore, one of the biggest issues related to healthcare is the dispersion of data across different medical centers.
Now imagine that a person has suffered an accident, is in a state of anesthesia, and needs immediate care and attention. Medical staff urgently need information such as the patient’s blood type, types of drug allergies, medical history, and information of this kind. The time required to obtain this information can sometimes cost a human life. However, using blockchain, this information can be accessed at any time and place, just by entering an identification code.
Pishentori Company is an integrated medical record system supported by blockchain technology, which keeps patients and doctors in constant contact with each other by providing complete medical records, and also speeds up the process of starting treatment by providing access to medical data.
In this system, each person's information is stored in blocks and is immutable. At any time, the treating physician can call up the patient's medical history or record new information by providing certain information.