Healthcare
The Intelligent Industrial Web is bound to make a progressive impact in healthcare as well. Ability to analyze and create context over data with IIW will drive a lot of innovations happening in the healthcare space.
Health & Fitness Beyond Clinics.
Out of all industries, Healthcare could benefit most from these concepts of decentralization, community ownership, credible neutrality, digital transformation, and token incentives. Healthcare needs information and secure data infrastructure that puts the power back in the hands of people.
Knowing what we know, we have a duty to contribute to this future. We see IIW as a way to organize communities around significant opportunities in healthcare and to innovate in the commerce-care relationship. There are upcoming novel ways for groups to collaborate, share resources, and organize in virtual networks.
Outlook: Great Potential
Solutions
While most use cases for the IIW are uniquely built as per organizational needs, there are certain prevalent application themes. Each of these solutions offers a variety of benefits to the implementing organization and can be scaled to growing needs.
“Every institution in the healthcare space has a fiduciary responsibility to adopt the Intelligent Industrial Web and boost their outcomes for social good.”
April Rutherford
Blockchain stands to hold the keys to a much more comprehensive and secure system of medical records. This is possible because of what a blockchain inherently is: a ledger cryptographically enforced to ensure the integrity of the data on it. When put to work on securing medical data, blockchain can store information in a way that is accessible to anyone on the network, completely immutable, and tamper-proof.
Blockchain-based health records would give doctors and nurses control over the flow of information from a single, trusted platform. Everyone would be able to see the same data, and all updates would be visible to the whole network almost immediately. This means that medical teams can trust that what they learn about a patient is both accurate and up to date.
There are various ways that a system like this could potentially be implemented in hospitals and doctors’ offices worldwide. But one of the critical pieces of technology that can make this all possible is already in the pockets of much of the population – mobile devices. Phones and similar devices now have the power and communication abilities to monitor an individual’s vitals and be an access point for both inputting and retrieving data.
IoT-enabled health tracking devices and hospital equipment can feed real-time data into connected, distributed systems. These updates won’t just be secure and immutable but also critical to instantaneous decision-making. Doctors can get this data live from anywhere in the world and assist their patients in real time. Furthermore, equipped with AI/ML, prognosis solutions can also be implemented. This bridges the access gap between the healthcare infrastructure and patients.
Additionally, a viable use case for blockchain-enabled updates is also dynamic insurance. Insurance companies can have programmed rules based on the health of the insured. Programmed insurance policies can have variable premium payments and insurance covers in addition to authorized automatic payments and paybacks. This significantly improves the risk profile of the insured person and the overall risk management of the insurance company. We work with Insurance and other BFSI companies to craft such solutions for a better, more connected tomorrow.
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Communities are a major part of the entire IIW experience. Organizations can implement community care initiatives where members of a niched community come together for aiding in treatments.
Community care initiatives can feature multiple use cases such as blood/organ donation, crowdfunding for treatment, support groups, tips and insights, references, equipment sharing and more. These initiatives can be built using technologies like DAO, Metaverse and other community platforms.
Our Approach
At Cosdec Alpha, we have a structured, research-backed approach from understanding the needs of the client to delivering ultimate value. The commitment is simple as always – leverage the power of Industrial Intelligence to shape your evolution going into the future. We do not believe in one-night stands of business when it comes to serving our clients. Our focus is always on building long-term value for the organization we work with. It is a marriage of vision and impeccable execution and we partner with only those clients who truly understand that. We know that we can deliver the future to you however, the question remains, are you truly ready for your future?
