The Desiderata of Blockchain and IoT in Medical and Pharmaceutical Enterprises

The advent of IoT and blockchain had led to its subsequent proliferation in the medical industry. IoT and its devices are exclusively accompanied by its security threats such as its access to extremely sensitive data while establishing security and confidentiality as top concerns; this can be anonymized by incorporating blockchain. Owing to the trust-building features of blockchain, it may encourage the enhanced and broad adoption of IoT devices into the healthcare industry. The surrounding robust data protection and integrity are pivotal keys to help secure these devices, enabling the respective personnel to have a command over who uses this data and its purpose. The records in IoT devices are more susceptible to chances of identity thefts, financial data crimes, and spamming as patients don’t own any control over their records/data. The availability of acutely handy IoT devices had still not let patients collect, analyze, secure, and exchange healthcare information seamlessly. Adopting a blockchain and IoT clustered solution can help accomplish a smooth, transparent, economically efficient, and easily operable system combined with secure payment options.