Relictum Pro Shows How Healthcare Can Leverage Blockchain 5.0 Technology
Even though we have come a long way in healthcare, the current state of the industry is far from perfect. There are multiple factors contributing to that, one of them is the copious amount of data that’s generated for patients on a regular basis, especially when they have complicated health issues. It makes data management a herculean task. There are also privacy concerns, expensive clinical patents and trials, complex billing, etc. So, the question is, can blockchain provide a solution to these problems? With Relictum Pro, it most certainly can.
How Relictum Pro Can Help
Relictum Pro is a product of Blockchain 5.0, the newest blockchain generation so far, and offers better security, transparency, and efficiency compared to previous generations. It’s laid a strong foundation for the technology so that enterprise-grade solutions for tomorrow’s needs can be built with ease. The product is designed to establish a 100% reliable electronic data circulation environment for all parameters of human life in the form of transactions viz. money transfers, purchase and sale of goods, payment of bills, etc. However, the key features of its blockchain technology can also be used to revamp different industries, such as healthcare. The following are some of the ways it can do that:
Medical Data Management
Medical error is the third-biggest cause of death in the US. Comparable risk can be observed in other nations as well. But why does such a problem even exist in the first place? Here is the thing- a patient generates medical data with different healthcare institutes throughout their lifetime. Since different hospitals follow different protocols for data maintenance, the transfer of a patient’s records from one hospital to another can lead to data loss and misinterpretation. This can increase the risk of medical error.
Relictum Pro leverages the power of blockchain 5.0 and processes over 1,000,000 transactions per second. This kind of capacity allows it to handle the data processing needs of some of the biggest hospital chains across the globe. Plus, it can fill the nodes within mere 1–2 seconds which minimizes delay and lags in data transfers, something that can’t be undermined in the healthcare industry.
Claims and Billing
Although both private and public organizations across the globe have implemented some of the most stringent measures in healthcare today, frauds are prevalent nonetheless. In fact, more than $30 million are lost to fraudulent healthcare costs every year. Relictum can bring down these costs to a huge extent by implementing distributed ledger technology in the healthcare industry on a global scale.
Relictum Pro can establish an automated healthcare ecosystem in which claims, payments, billing can be made self-fulfilling. Not only it can bring down admin costs, but it can also limit frauds by increasing transparency between patients and healthcare entities. The insurance providers can also automate claims if the data is shared seamlessly between the users, government departments, and hospitals.
More to Explore
The examples above are some of the few on how Relictum Pro can take the healthcare industry to the next level and streamline various industry-specific processes that are currently disorganized and simply inefficient. It’s only a matter of time when the developers start building new products by using its SDK and bridge the gaps that come in the way of the industry’s progression.
