Solve.Care Joins The Blockchain Research Institute to Address Healthcare Inefficiencies

Telehealth company, Solve.Care, just joined the list of official members of the Blockchain Research Institute (BRI).

About BRI and Solve.Care

The BRI is an independent global think tank, with over 60 members bringing together researchers to embark on research focusing on blockchain technology. The members often comprise enterprises, governments and academic institutions to share knowledge and expertise in the profound application of blockchain technology. 

Solve.Care is a healthcare technology platform that leverages blockchain technology to change its delivery and patient care provision. By utilizing blockchain technology and its patient-centric model, Solve.Care addresses any inefficiencies present in the healthcare industry and improves care access. 

Health Care Evolution in Blockchain

Blockchain technology is highly expected to change how critical players in the healthcare system interact with one another. However, this technological revolution can only succeed with the thinking of a consortium, which implies all actors’ cooperation in the sector. The introduction and deployment of blockchain is an evolution over time as blockchain applications are tested and accepted, and industry converges to identify collaboration and management issues.

Don Tapscott, co-founder and CEO of BRI, said the next healthcare era would be ushered in by new technologies such as blockchain. At the Blockchain Research Institute, they have always enjoyed working with organizations like Solve.Care, which is at the forefront of digital transformation in healthcare and patients, said Tapscott.

Because blockchain is a distributed book technology and no third party intervention is required, institutions can decentralize their databases. By using blockchain, healthcare systems can significantly reduce the risk of exposure to cyber threats. Hackers will need too much time and energy to access all nodes on the network and infect the system.

The health system is very inefficient. Because health facilities work with many independent databases, especially in large centralized systems, there is no coherent communication between these separate silos. By creating a single data ecosystem, distributed ledger software promotes collaboration between networks by improving payment processing, patient tracking and business workflows.

The Future of Blockchain Technology In Health

Over the past few months, Solve.Care has emphasized developing methods that enable companies and businesses to better connect with their employees, protect their wellbeing, and manage COVID-19 and other workplace health risks.

This focus has led to the development of the Team.Care Network, an advanced workforce management tool with an emphasis on wellbeing and health management, including remote workers. Since Team.Care Network has a blockchain technology base; users can rest assured that hackers will not compromise their privacy.

Blockchain is not without problems. At present, the initial costs are high, and the integration will need to take place. Today, most blockchain networks get designed in such a way that transactions are publicly available. Although the blockchain system can be made private and eligible, it reduces access only to certain countries for a balanced incentive. However, it is clear that the technology exists and can change health care forever.