Bitcoin is a very famous cryptocurrency nowadays and has been accepted by most sectors as the mode of payment. Even many online sites accept payments in the form of cryptocurrency, especially that of bitcoin. Bitcoin is a cryptocurrency that was started in the year 2009, but it was announced in 2008 by the person named satoshi Nakamoto; the identity of this person is anonymous still now, but the last activity which was recorded by this person was in 2010 he gave the last update of the blockchain.
Now, as we know that bitcoin is very trending; most sectors have adopted it. There are many factors of society that have started to accept bitcoin in the form of payments. Even some sectors have started using the blockchain method to store the transactions and provide privacy and security to their systems.
What is blockchain?
Blockchain is where all the transactions are stored in the form of the blocks, and all the blocks are linked to each other by the last transactions, which the users do. The blocks are linked to each other by the last transaction, so as there is no confusion in the blocks, or we can say the transactions. Blockchain has another advantage; rather than storing the transactions, it also provides various other benefits, which we will discuss here in the green profit system platform.
- The biggest advantage of using the blockchain is that all the transactions are secured in this blockchain as all the system of the blockchain is being secured by the Cryptography which is considered to be as the most secure pathway till now.
- There are other advantages, too, like it provides privacy to the users so that no person can locate the transaction the user makes. This is one of the biggest advantages of using the bitcoin platform. Even this advantage has been used by many persons in the way of misuse.
- Even all the transactions are stored so that any transaction can be found very easily in a very systematic manner and in a very less time period, and this is also the biggest advantage of using the blockchain in different sectors.
How is blockchain used in the healthcare system?
As we all know that health care systems are one of the most prioritized sectors in our society as it deals with the health of the patients and health of the patient is the most important thing other than anything else. Hence, the healthcare systems need to manage data so that there is no mixing of the data, so they have adopted the system of the blockchain.
Blockchain helps the healthcare system manage the data in a very systematic manner. It also provides security to the system and provides privacy to all the patients’ information as neither the doctor nor the patient wants to disclose the disease from which the patient has been suffering.
There are also many health care institutions like MBBS and pharmacy and many others where there are many students along with the treatment of patients, so there is the need of the data management which has to be managed very properly and also there is a need for security of the data so that there is no displacement the record of the patients along with that of the students too.
Conclusion
Even in the pharmacy e line, there is the need for blockchain technology as there are too many medicines given to the patients only on the prescribed basis. There are many people who consume it in the way of doing wrong activities, so this has been a huge help for the pharmacy sector by the blockchain to store the data.
There was no management of the data in earlier times, so there was the black marketing of such medicines. Still, now there is blockchain technology that helps the user to store the data in a very managed form; even if the data vanishes, there are many sources to get the data back, so this is a very great system that has been adopted by the healthcare institutions and industries.
