Question

Write a critical sammary about MedRec: Medical Data Management on the Blockchain. What are the objectives and limitations?

Answer 1

Answer)

As the world is pacing towards the advancement hence blockchain technology would be expected for enhancing the medical record management as well as enhancing the insurance claim processes, this also is being used for gearing up the clinical as well as biomedical research and in advancements of biomedical and healthcare data ledger.

Patients get well connected with that of the other hospitals as well as collecting with the medical data in an automated manner.

Benefits:

The use of blockchain would help in providing a distribute or that of decentralized application which in turn would help the patients and the physicians for participating in telemedicine with no middleman cost which reduces the fees of ethereum network and hence enhancing the patient's empowerment.

It also helps in storing the transaction and making immutable data storage with specific rights that is accessible.

Limitations:

This needs collaboration and hence needs an alignment and need for improvement of the data. This has the potential for changing the economics as well as controlled collaboration among the parties.

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