What is the use of Decentralized Applications (DApps) in the Healthcare Industry?

The only reason for the growth of cryptocurrencies is blockchain so that it reaches many people. However, dapp is one of the products that use blockchain technology. These applications work on without the need for the central authority to perform any kind of transaction. In this article, we are going to discuss what is dapps? it's working process and how dapps is transforming the healthcare industry.

What are dapps and how it works?

Dapps is an acronym of decentralized applications. It's a web app used for the purpose sharing of information between the users safe and secure. Unlike the other applications, there are no middlemen available to process your information. In any additional changes if required is done through mutual consent. Every when do share data, a copy of the app get stores in the computers of all users, and also it doesn't think that how many of them are available into the network.

Probably, Bitcoin is one of the first decentralized applications (Dapps) that run on the blockchain networks. The main usage of this app is to do financial transactions safely and you don't need central authority for processing any kind of transactions. The details of each person who are all in the process can add as an entry to the ledger. Nowadays, dapps have been used for storing and managing all kinds of financial transactions virtually that includes Personal identity, intellectual property, information of healthcare details, and smart contracts.
Today, decentralized applications have gone from storing and managing financial transactions to virtually all forms of information, including personal identity, intellectual property, smart contracts, and of course, healthcare data.

Decentralized applications (Dapps) in the healthcare industry:

Apart from the usage of dapps in the financial and banking industries for financial transactions, this technology has also been very helpful in the health care industry. Let's look into that, how the usage of dapps in the healthcare industry?

Data Sharing:

It is to be expected that the best use for dapps in the healthcare industry. When a patient has undergone treatment, all of the details related to the patient have been stored in the app. It can share the information in the connected networks. It denotes that if the patients visit hospitals at any time you can retrieve the details about them easily. Another benefit is that sometimes patients who have similar symptoms can be treated with different medications. If the data is updated, doctors can easily know which one is more beneficial treatment and proceed using that medication to consult the patients.

Secure Data Storage:

Another important usage of dapps is that it can store the data and share it across all the members of the group who are all interconnected into this network. It means that there is no central authority or server where hackers could target. Every hospital stores some important data on secured servers. Moreover, there is a chance of any vulnerable attacks can be held by hackers which help them to steal the personal and medical records of each patient. Having the data and it spread across an app will frustrate hackers. And also they easily theft the data if your network is decentralized.

Patient's Health Data Records:

Instead of storing the health records of each patient's details in a centralized ecosystem, they can store it in a dapp which is owned and easily controlled by them. They could decide who must view the information through the app. In a dapp, there is an option that you can easily integrate the medical records of the patient from wearable devices. It will help every doctor to provide a complete overview of the patient's health conditions.

Contracts and Agreements:

Each time, when someone has undergone surgery it is very difficult for getting the signatures of the patient's family members. Some forms need to be completed and signature affixed and sent those details to the central authority for approval. In the case of a dapp, the patient's relatives and the hospitals can easily manage the data without the need of any central authority. It saves a lot of people's efforts and also time.

On-Demand Model:

The on-demand service providing app has made the changes felt in the healthcare industry. These apps can help in the supply of medicines and also you want to consult with the doctor whenever you want. But, there is no security purpose available for this app. With the help of decentralized applications (dapps), it provides the best solutions to keep all the information safe and secure. Even if any issues occur, it can be identified and rectified easily.

Conclusion:

From the above-mentioned points, it is very clear that decentralization is quite changing and revolutionizing the healthcare industries. The fact that it can keep each patient's record safe and gives them full access. This would be enough reason to push forward this technology to the various industries that are all facing these issues consistently. If you are planning to build decentralized applications (dapps) for your healthcare industry? We, Osiz Technologies - An industry-leading dapp development company provides the best dapp development solutions for any industries at an affordable cost that makes you stay ahead in this competitive world.