Tuesday, 4 September 2018

Blockchain Technology News: What Is the Status Of Blockchain In Indian Mental Healthcare Sector ?

Blockchain Technology News and its uses in healthcare sector

Blockchain technology news is drawing extreme attention from investors and developers. This is said to be the emerging technology which will transform the operational systems of the market in various domains. Indeed there are mixed feelings about the blockchain and its adoption in the Indian context as the government has not yet accepted cryptocurrency. It is known that the encryption based technology emerged from crypto coins and has been their operating platform. However, apart from all the conventional sectors, its execution in the mental health arena has not been discussed yet.

According to Your Story, it is stated that it has several advantages in the mental healthcare sector like uniformity, gaining control and accessibility. The blockchain technology news reveals that the data is stored in a single format across the network which makes it easy to access and comprehend the information globally. Also, the data is allowed to access from hospitals, clinics and insurance firms which will prevent loss of relevant information. Also, this will enable a better diagnosis and treatment of mental diseases.  The USP of the blockchain enabled system is that a patient can access their data and understand the flow of information on the timely basis.

De-Merits Of Blockchain Based Network In Mental Healthcare System

Since this is a new technology which is still emerging there are several possibilities of error. Also, this isn’t cost-effective at the moment and it is going to require high processing power which will lead towards hefty electricity consumption. Therefore, it is very unlikely to see this facility at many hospitals or clinics. To make it successful there is a necessity of mass involvement by the major players in the industry. Blockchain technology news reveals that it is capable of storing large files but still there seems to be a definite challenge in keeping files of X-rays and CT scans

It is still not clear how successful this technology is going to be in the mental health care system. Therefore, it is tricky to fully establish the benefits of blockchain at this time.

The post Blockchain Technology News: What Is the Status Of Blockchain In Indian Mental Healthcare Sector ? appeared first on OWLT Market.



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