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214     CHAPTER 8 BLOCKCHAIN IN HEALTHCARE: CHALLENGES AND SOLUTIONS





                                             •  Immune to tampering
                                             •  Preserves authenticity of the information
                             Immutability
                                             •  File intergrity




                                             •  Remove third party intervention
                           Disintermediation
                                             •  Data manipulation rate is reduced




                                             •  Drastic reduction in operational costs
                            Cost reduction
                                             •  Compensation is unavoidable




                                             •  Open to all with a higher degree of security
                            Decentralization  •  Concurrent data processing
                                             •  Collaborative version control




                                             •  A tamper-proof audit log
                              Security       •  Easy identification of malicious data & user
                                             •  Data access management

             FIG. 8.14
             Benefits of blockchain technology.

                Health claims: Insurance money, clinical data breaching compensations, wrong treatment penalty
             etc. will be easy to recover. Disintermediation of third parties and trustless digital systems with smart
             contracts by blockchain can easily ensure monetary gain for the victims.
                Medication adherence: Patient behavior partially influences the medication integrity. Few pa-
             tients are now well aware of the medicine, therapy, or diet plan given by doctors. Blockchain technol-
             ogy can provide incentives after fulfilling any particular task or order by the physician. The smart
             medical device can act in an interactive way to remind the patient about his do’s and don’ts. Blockchain
             can introduce a medication smart contract between the IoT device and patient.



             8.4.6 INTEROPERABILITY AND DATA SHARING
             Research and development are all about the interconnectivity of the entities and data sharing. Data
             includes OMICS, drug success rate, IoT device feedback, patient’s lab report, medication status etc.
             All this information is shared among laboratories, businesses, researchers, patients, blood banks,
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