Solve.Care Joins The Blockchain Research Institute to Address Healthcare Inefficiencies

Telehealth company, Solve.Care, just joined the list of official members of the Blockchain Research Institute (BRI).

About BRI and Solve.Care

The BRI is an independent global think tank, with over 60 members bringing together researchers to embark on research focusing on blockchain technology. The members often comprise enterprises, governments and academic institutions to share knowledge and expertise in the profound application of blockchain technology. 

Solve.Care is a healthcare technology platform that leverages blockchain technology to change its delivery and patient care provision. By utilizing blockchain technology and its patient-centric model, Solve.Care addresses any inefficiencies present in the healthcare industry and improves care access. 

Health Care Evolution in Blockchain

Blockchain technology is highly expected to change how critical players in the healthcare system interact with one another. However, this technological revolution can only succeed with the thinking of a consortium, which implies all actors’ cooperation in the sector. The introduction and deployment of blockchain is an evolution over time as blockchain applications are tested and accepted, and industry converges to identify collaboration and management issues.

Don Tapscott, co-founder and CEO of BRI, said the next healthcare era would be ushered in by new technologies such as blockchain. At the Blockchain Research Institute, they have always enjoyed working with organizations like Solve.Care, which is at the forefront of digital transformation in healthcare and patients, said Tapscott.

Because blockchain is a distributed book technology and no third party intervention is required, institutions can decentralize their databases. By using blockchain, healthcare systems can significantly reduce the risk of exposure to cyber threats. Hackers will need too much time and energy to access all nodes on the network and infect the system.

The health system is very inefficient. Because health facilities work with many independent databases, especially in large centralized systems, there is no coherent communication between these separate silos. By creating a single data ecosystem, distributed ledger software promotes collaboration between networks by improving payment processing, patient tracking and business workflows.

The Future of Blockchain Technology In Health

Over the past few months, Solve.Care has emphasized developing methods that enable companies and businesses to better connect with their employees, protect their wellbeing, and manage COVID-19 and other workplace health risks.

This focus has led to the development of the Team.Care Network, an advanced workforce management tool with an emphasis on wellbeing and health management, including remote workers. Since Team.Care Network has a blockchain technology base; users can rest assured that hackers will not compromise their privacy.

Blockchain is not without problems. At present, the initial costs are high, and the integration will need to take place. Today, most blockchain networks get designed in such a way that transactions are publicly available. Although the blockchain system can be made private and eligible, it reduces access only to certain countries for a balanced incentive. However, it is clear that the technology exists and can change health care forever.

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Solve.Care Gives Physicians the Greenlight to Join Its Global Telehealth Exchange

On 24th Dec, Solve.Care unveiled the activation and integration of the first set of doctors from around the globe into their Global Telehealth Exchange registry(GTHE). The blockchain-based healthcare platform plans to continue helping patients around the world access healthcare services seamlessly. 

The Efficiency and Ability of Solve.Care’s GTHE

GTHE, which was introduced in mid 2020, will allow patients to pay Physicians with the native token within the Solve.Care, SOLVE. All the transactions will be recorded on blockchain, ensuring security and hence they can’t be tampered with. 

The physicians in Solve.Care’s GTHE registry will be allowed to dictate terms at which they will provide services and expertise. These terms may include where they provide their services, at what time and to whom they will provide healthcare. They also are advised to have parameters that will ensure they are comfortable enough for them to work.

The CEO of Solve.Care, Pradeep Goel has been very vocal and supportive in the global uptake of telehealth services worldwide. “Telehealth is a major real-world solution that is breaking down barriers in our healthcare systems, increasing accessibility, and reducing inequality,” he said today at the press release. He also stated that the GTHE blockchain system goes a step further by efficiently connecting doctors and patients worldwide. Additionally, it upholds the rights and privacy of both parties alike.  

The GTHE system will provide several ways for physicians to be in control. On the registry, healthcare providers put up their profiles, rates for services they offer and set up specific periods when they will be on duty. Moreover, the system has removed the numerous administrative sets of rules that previously led to redundancies in the healthcare industry today.

Access to the GTHE system is possible through SolveCare’s personalized healthcare management system, Care.Wallet.

Solve.Care to Recruit Physicians from 28 Countries

Solve.Care plans to recruit doctors from 28 countries to expand their reach globally while uplifting telehealth mass adoption. According to Pradeep Goel, employing doctors will be a massive step in solving issues that affect healthcare systems at large. Patients will now have the ability to reach out to doctors with little effort as more and more doctors join the platform.

Dr Swapna Vaidya, a psychiatrist-associate from Washington, spoke about her excitement upon hearing the plans GTHE made for healthcare providers. “GTHE holds the promise of how healthcare should be.” She gave her remarks to give high acclaim for the milestone. The doctor, who has been in practice for over two decades, says the system should lead the way for the provision of premium medical services.

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