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Blockchain health coins ready to transform medical realm

TL;DR

Blockchain health coins are quickly becoming the next big thing in the healthcare area. These can be used to report virus epidemics, collect community health stats, and do much more. Public health care systems can be integrated with health coins to finance large scale health missions in developing countries.

Jim Nasr of Acoer, a blockchain app developer firm, stated that health care tokens could bring more transparency to the realm. They can be incentivized so that users can report health issues more proactively. Statistics can be accurately collected for infectious diseases like the current coronavirus epidemic or during natural calamities. Acoer created HashLog that monitors healthcare data using DLT-powered Hedera Hashgraph, which helps visualize and record the data.

Hedera Hashgraph can power next-gen healthcare tracking systems

Thousands of Chinese are currently grappling with the Coronavirus outbreak. The Covid-19 virus is spreading fast across the world. Transparency in data collection can further boost the efforts to contain such outbreaks. Blockchain health coins can help check underreporting and censorships. Jim says that HashLog does not supervise the efforts like WHO or CDC, but it helps in transparent reporting of health statistics. This is the ethical and transparent use of blockchain technology that is helping improve the lives of people.

As Coronavirus tracking intensifies, the medical sphere is looking to find new ways to collect health data. HashLog has emerged as a viable alternative. The same can be done for social causes like opioid tracking too. The use cases are pretty wide in the practical world.

Public blockchain health coins are far superior to the current data collection systems

As distributed ledger technology advances, its real-world applications are also rising. It promises more user security, data safety, and efficient sharing. These facets make it superior to traditional surveillance and collection mechanisms. Disaster management professionals, health researchers, and practitioners can simultaneously collect and share the data.

Users can be given incentives for sharing health data, and individual scores can give them rankings for their contribution to the public health data collection. Data can be used for triangulation to identify focus areas that need quick medical help. Blockchain health coins can locate and contain virus outbreaks more effectively.

Featured Image by Pixabay

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Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

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