At this time, there is almost no business where blockchain hasn’t found exciting uses in some fashion, and the healthcare industry is no exception.
Blockchain has found expanding use-cases in the health sector, ranging from data storage, filing, monitoring, and efficient management systems, and is a crucial answer to a lengthy list of difficulties that have plagued data management in the healthcare business.
Early estimates suggest that the healthcare business would create as much as 2,314 exabytes (about 2.5 trillion gigabytes) of new data in 2020.
According to an IBM analysis, the average cost of a healthcare data breach in the United States is $15 million, or $429 per record (average breach size is 25,575 records). Implementing blockchain technology can assist address a number of pressing issues in the sector, including data security, privacy, and administration, as well as enable new patient-centric business models.
In the face of these looming problems, Galeon, a French business specializing in the medical data structure, is rising to the challenge of resolving many of the problems plaguing the healthcare industry.
Galeon’s Approach to Medical Data Management’s Missing Links
Galeon is a healthcare-based platform developed by caregivers to improve healthcare records and streamline data administration. The French business is using blockchain to create a seamless connection between all healthcare stakeholders, including patients, clinicians, hospitals, and researchers. Thanks to blockchain technology, patients will eventually be able to take control of their data and determine how it is used.
As a result, Galeon unites hospitals through the use of a common patient record. Galeon, in a larger sense, aids carers in their daily work by simplifying, organizing, and streamlining medical data for simple management. Dr Loc Brotons underlined the relevance of Galeon, the CEO and co-founder, in his remarks:
“All hospitals working with the Galeon Decentralized Autonomous Organization (DAO) are contributing to building the largest structured medical data network. All stakeholders (patients and hospitals) are rewarded for their contribution. Patients and GALEON token holders will decide what future research will be funded by Galeon DAO.”