Connect with us
DAPA Banner

Crypto World

How Blockchain is Shaping the Smart Healthcare System

Published

on

How Blockchain is Shaping the Smart Healthcare System

The rise of new technologies, such as the Internet of Things and big data, has promoted the development and innovation of healthcare worldwide and improved the construction of the smart healthcare system. 

With the advancement of technology and scientific theory, traditional medicine has gradually started to digitize and become informed with biotechnology at its core. While smart healthcare has emerged which incorporates a new generation of information technology. 

Smart healthcare is not just a simple technological advance, but also a comprehensive, multi-level change.

Before we dive into the topic, let’s clarify some concepts: 

Advertisement

What is a Smart Healthcare System? 

Smart healthcare is a medical system with medical cloud data at  its core, which combines electronic medical record, electronic health archive, and the medical Internet of Things by using the Internet of Things, data transmission, and exchange technologies to build medical and health services and optimal management.

What is Blockchain?

The term ‘Blockchain’ denotes a shared, immutable file of a chain of transactions., Eeach one comprises a block, with blocks being linked by cryptographic keys (“shreds”).

Advertisement


These keys or signatures are saved on shared tapes, assembled by a mesh of nodes or the processes that connect them. Each node has a copy of the entire chain, constantly being synchronized and kept up to date.


According to the National Institute of Standards and Technology (NIST), the advantages of blockchain technology include:

  • Its steamroller-resistant nature.
  • The decentralized nature of digital tapes.
  • The inability to change a subsequently published transaction within the user community, which shares the tape.

This technology is also called digital tape technology (DLT).

How is Blockchain helping to shape the Smart Healthcare System?

The Background

Advertisement

Serious cyberattack concerns have emerged in healthcare services during the past few years. A record number of cases have been reported in the year 2019,when Health Insurance Portability and Accountability Act (HIPAA) breaches reached 418. A total of 34.9 million US citizens had their protected health information (PHI) compromised in that year. Also, in 2014, hackers intruded into the servers of the US Health insurer Anthem’s and the sensitive information of about 80 million people (patients and employees) got stolen.

These cases proved that the existing infrastructure could not provide security against such data breaches, which could ultimately question the privacy and security of patients’ health information. 


The presently implemented models of smart healthcare records open another window towards a problematic scenario, i.e., the patients’ data being in the custody of health organizations, leaving patients’ information at stake, and causing inefficient data delivery towards patients’ healthcare. 


These models depend on passwords, which may contain confidential data that has to be exchanged and usually stored on unreliable and less secure clouds.


How does Blockchain become a major player in the healthcare industry?

Advertisement


Recently, Blockchain has been adopted by several governments, private and public-private partnered projects. Blockchain’s potential benefits in the field of healthcare were witnessed when the US Food and Drug Administration (FDA) and IBM Watson Health focused on a blockchain framework to protect data that is related to oncology.


Blockchain allows data collection from various sources and saves that data in the transaction audit log, which ultimately helps keep track of the accountability and transparency of data at the time of data exchange. FDA and IBM believe that Blockchain can support data exchange collected from various sources with the consensus of patients and the terms mutually agreed on. 


It is also of great importance that healthcare data access must be handled with precautions. Similarly, standardized auditing is inevitable for guaranteeing data integrity. Blockchain reduces the chances of such disastrous breaches and ensures there is data integrity, anonymity, and resilient storage. In addition, a single-point-of-failure is also mitigated as this model stores data in a distributive way.

How does Blockchain benefit the Smart Healthcare System?

Advertisement


At present, the smart healthcare industry has made rapid progress, but there are still problems surrounding information security and system security. As the key technology of the fourth industrial revolution, Blockchain has the characteristics of being decentralized anonymous , tamper-proof, and auditable. The combination of Blockchain and smart healthcare can alleviate the pain points of traditional smart healthcare in information sharing, data security, and privacy maintenance, as well as optimize the user-centered smart healthcare systems, and establish a multiparty medical alliance chain involving government, enterprises, and individuals to promote the industrial upgrading of smart healthcare.


Blockchain is essential in the creation and operation of a decentralized model for electronic health records (EHRs). One of its most significant contributions is avoiding a considerable number of privacy and security issues that arise when data is stored in one large pool (data silos).


In addition to improving security, Blockchain also targets the interoperability of data between different providers. Standardizing healthcare data is far easier to transfer and you can access data between different systems and providers. This could mean sharing information with your wearable heart rate watch, your general practitioner and even the hospital you need to visit while on holiday. Blockchain can protect patient records even while it is facilitating interoperability.


Over the past few years, healthcare organizations have shifted from the traditional local storage of patient records to hybrid systems. With Blockchain, you can both streamline and target the cost efficiency of these “old-fashioned’ data storages. Looking beyond that, it could potentially contribute to either hybrid or possible future decentralized systems.

Advertisement


Final thoughts… 

Blockchain is the technology that drives many of the innovative trends that are making headlines worldwide; just look at cryptocurrencies. Its added value in terms of privacy, interoperability, and real-time data management, it has certainly caught our attention.


Many startups have already emerged from Blockchain, with promising applications emerging and the potential to affect efficiency and security.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin up, software stocks down since the war began

Published

on

Bitcoin up, software stocks down since the war began

Since the outbreak of the war with Iran on Feb. 28, bitcoin has started to diverge from software equities, with the iShares Expanded Tech-Software Sector ETF (IGV), serving as a useful proxy for the sector.

Bitcoin has been one of the strongest-performing assets during this period, rising more than 5% and trading back above $69,000, including a gain of more than 0.5% over the past 24 hours.

IGV, in contrast, has fallen more than 2% since the conflict began. That gap suggests investors are starting to treat bitcoin and software stocks differently, at least in the near term.

Until recently, the two had moved closely together. Over the past three months, bitcoin fell 26% and the ETF lost 23%. Year to date, both are lower by about 21%. Over five years, bitcoin has gained 18% compared with 10% for IGV. In other words, both have moved in the same direction, but the cryptocurrency has done so with much greater volatility.

Advertisement

That is also clear in their declines. Bitcoin had fallen roughly 50% from its October all-time high, while IGV, which peaked slightly earlier, fell about 35% from its own top.

The correlation data tells the same story. From early February, bitcoin and IGV were almost perfectly correlated, close to 1.0, meaning they were moving nearly in lockstep. After the war began, that relationship broke down sharply, with the correlation dropping to 0.13, a level that signals near decoupling, before rebounding to around 0.7. The figure can range between -1.0 and +1.0, with 0 indicating no correlation at all.

Why have software stocks been hit harder?

IGV is heavily weighted toward large software and services companies such as Microsoft (MSFT), Oracle (ORCL) and Salesforce (CRM). Investors are increasingly worried that artificial intelligence will compress margins and valuation multiples across software, especially in Software as a Service (SaaS), as competition rises and barriers to entry fall. Bitcoin, meanwhile, is trading more like a macro asset, benefiting from geopolitical uncertainty.

Source link

Advertisement
Continue Reading

Crypto World

Bitcoin Trader Eyes Bear Market Bottom as Stochastic RSI Mimics 2023

Published

on

Bitcoin Trader Eyes Bear Market Bottom as Stochastic RSI Mimics 2023

Bitcoin (BTC) is copying the end of its 2022 bear market “nearly perfectly,” according to a new BTC price analysis.

Key points:

  • Bitcoin stochastic RSI values are “nearly perfectly” repeating the end of its last bear market, new analysis claims.

  • Both recent local bottoms and the current rebound echo conditions from three years ago.

  • Standard RSI is already on the radar for a potential BTC price bottom signal.

Bitcoin stochastic RSI echoes 2023 rebound

In an X post on Monday, crypto trader Quantum Ascend revealed copycat moves playing out on Bitcoin’s stochastic relative strength index (RSI) indicator.

Stochastic RSI, also known as “stoch RSI,” is a derivative of traditional RSI — a classic leading indicator that helps traders identify overbought and oversold conditions, as well as BTC price trend changes.

Advertisement

Like its standard counterpart, stoch RSI flashes “oversold” price signals when it drops below 30/100 on its scale, with “overbought” entering when its value is above 70/100.

Stoch RSI moves between those two zones much more quickly, but Quantum Ascend sees a key long-term bull signal now locking in.

“RSI at the EXACT SAME point on the Daily as it was in 2022,” he told X followers.

BTC price and stochastic RSI comparison. Source: Quantum Ascend/X

An accompanying comparative chart shows stoch RSI making a double bottom along with price before both surged higher in early 2023. At the time, BTC/USD had recently set a multiyear low of $15,600 — a level that ended up forming the bear-market bottom.

Now, Quantum Ascend says, the repeat performance is “playing out nearly perfectly.”

Advertisement

“Breaking above the EXACT SAME level (blue line). At the EXACT SAME time,” he added.

The chart reveals that stoch RSI is now attempting to clear its 50/100 midpoint after two local lows in late January and late March, respectively.

BTC price counts down to bear flag decision

RSI signals have already been firing in 2026 despite lackluster BTC price strength.

Related: First real bull signal since 2025? Five things to know in Bitcoin this week

Advertisement

As Cointelegraph reported, eyes are on weekly standard RSI to print a bullish divergence with price, again mimicking early 2023.

At the time, weekly RSI set its lowest level on record — one so far not matched in 2026, per data from TradingView.

BTC/USD one-week chart with RSI data. Source: Cointelegraph/TradingView

Bitcoin still faces bearish hurdles to recovery, with traders concerned about a bear-flag breakdown repeating on the daily chart.

“In few days we will understand if the pattern is repeating or not,” analyst Aksel Kibar wrote on X over the weekend.

BTC/USD one-day chart. Source: Aksel Kibar/X