The technology of Blockchain has the ability to disrupt the traditional sector of health by making data generated by users an essence of the healthcare environment. This can be done by strengthening interoperability and security of health data. This Blockchain-based platform is aimed at the wellness and fitness of the health sector through the use of mobile health applications. It is very important to understand the entire picture to know the true potential of the Lympo platform in future.
The blockchain is a distributed network that stores and records the transactions. The content that is stored in the virtual ledger cannot be tampered with. Every block of a transaction is recorded in the ledger and is connected to another block in a chronological order. This can be done after the verification of recorded transactions by a p2p network. The exchanging, storing, and viewing of information can be done without establishing a relationship of faith amongst the parties through the use of end to end encryption.
The technology of Blockchain has a network of anonymous participants in order to prevent the confidentiality and security breaches. The smart contracts based on Blockchain shows the contracts that can be fully implemented only if the conditions related to them are fulfilled. This platform unbundles the requirement of any type of exchange through its intermediary conditions of checking contracts.
Till this date, the intermediaries used to play an important role in exchanging values. Through the use of smart contracts, people can become a part of faithful relationships. It is important to meet the regulations of data protection in order to keep sensitive information related to health safely. The technology of Blockchain is an effective and safe tool for making a payment that enables storing mechanisms and micro-payments.
As far as it is concerned about the patient-generated information on Blockchain, users of Lympo can access their information. It gives power to the individuals to become the owner of their personal asset data.
The set of data can comply with a number of data sources, which includes medical reports given by the clinics, doctors, hospitals, and the fitness data generated by the mobile health applications and wearables. Additionally, it can be complemented by the monitoring applications of treatment and diseases, along with the custom information provided by the user.
Plus, the data can demonstrate that the owner of data has permitted the user to use the information. As the regulations of data protection are becoming more stringent, it will enable third parties to give strong evidence about the provenance of data on the network of Blockchain.
It is indeed true that the application of healthcare has made a late arrival in the increasingly growing world of Blockchain applications but it is becoming more and more popular as a promising technology to sort out the issues prevailing in the health sector. If you are interested to know more about Lympo and its unique platform, then go to its Telegram account.