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Patricia Smith
Patricia Smith

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How does Web3 Improve the Healthcare Infrastructure?

Web3 is a term used to describe the next generation of the internet, where data is decentralized, and users have greater control over their personal information. With the advent of Web3 technology, healthcare has the potential to be revolutionized, from managing medical records to ensuring data security and privacy. In this blog, we will discuss how web3 improves the healthcare infrastructure and how web3 healthcare app development can help.

Statistics Related To Web3 Technology In Healthcare

  • According to a report by Market Research Future, the global blockchain technology in the healthcare market is expected to grow at a CAGR of 61.4% during the forecast period 2018-2023.
  • A survey by IBM found that 16% of healthcare executives expect to have commercial blockchain solutions in place by 2020, with the number rising to 56% by 2025.
  • A study by Accenture found that blockchain technology could save the healthcare industry up to $150 billion per year by 2025.
  • According to a report by Deloitte, the key benefits of blockchain technology in healthcare include better data security, enhanced data sharing and interoperability, improved supply chain management, and reduced administrative costs.
  • In the United States, several blockchain-based healthcare startups are emerging, such as Gem, which offers a blockchain platform for managing patient data, and SimplyVital Health, which uses blockchain technology to improve care coordination.
  • In 2020, the World Health Organization (WHO) announced the launch of a blockchain-based platform for sharing COVID-19 data and ensuring the integrity of the data.
  • Several companies are exploring blockchain technology in the pharmaceutical industry to improve the drug supply chain, reduce counterfeit drugs, and enhance clinical trials.

Challenges Faced In Current Healthcare Industry

Healthcare is a complex and ever-evolving industry that is facing numerous challenges. These challenges can be due to various factors, such as technological advancements, social and demographic changes, economic constraints, and political influences. Some of them are discussed as follows:

1. Healthcare Costs

One of the most significant challenges in healthcare is the rising healthcare costs. The cost of healthcare services, drugs, and insurance premiums are increasing at an alarming rate, making it difficult for people to afford adequate healthcare. The increasing healthcare costs are due to various factors, such as an aging population, chronic diseases, and new technologies. The challenge is balancing healthcare costs with quality care and ensuring everyone has access to affordable healthcare.

2. Health Disparities

Another significant challenge in healthcare is the existence of health disparities. Health disparities are differences in health outcomes between different populations. These disparities can be due to factors such as socioeconomic status, race, ethnicity, and geographical location. These disparities can lead to unequal healthcare access, treatment, and poorer health outcomes. Addressing health disparities is crucial to achieving health equity and improving the population's overall health.

3. Technological Advancements

Technological advancements in healthcare are constantly evolving, and while they bring new opportunities, they also pose new challenges. The increasing use of technology has raised concerns about data privacy, data security, and patient confidentiality. Additionally, there are concerns about the impact of technology on the patient-provider relationship and the quality of care. Healthcare providers must balance utilizing technology to improve patient outcomes while maintaining patient trust and privacy.

4. Aging Population

The aging population is another significant challenge in healthcare. As the population ages, the demand for healthcare services and resources increases, placing a strain on the healthcare system. The aging population also means a higher prevalence of chronic diseases requiring ongoing care and management. This challenge requires focusing on preventive care and disease management to ensure the aging population receives the necessary care.

5. Healthcare Workforce Shortages

There is an increasing shortage of healthcare professionals, including doctors, nurses, and other allied health professionals. This shortage is due to various factors, including an aging workforce, increasing demand for healthcare services, and inadequate training and education programs. This shortage of healthcare professionals can lead to longer wait times, reduced access to care, and a decline in the quality of care.

Solutions Provided By The Web3 Healthcare

1. Decentralized Medical Records

One of the most significant problems that Web3 can solve in healthcare is the centralization of medical records. Medical records are typically stored in a centralized database managed by a healthcare provider or hospital. This centralized system can be vulnerable to cyberattacks and data breaches, making it difficult for patients to access their records. With Web3 technology, medical records can be stored on a decentralized network of nodes, which is more secure and gives patients more control over their data.

2. Data Privacy and Security

Web3 can also solve the problem of data privacy and security in healthcare. Data breaches and cyberattacks are significant concerns in the healthcare industry, as they can result in losing personal and medical information. With Web3 technology, data can be stored on a decentralized network, making it more difficult for hackers to access and steal personal information. Additionally, Web3 technology can give patients more control over their data, allowing them to choose who can access their medical records.

3. Patient-Centric Healthcare

Web3 can help shift the focus of healthcare from providers to patients. Patients have limited control over their medical records, and sharing their records with different healthcare providers can be challenging. With Web3 technology, patients can own and control their medical records, allowing them to easily share their information with different healthcare providers. Additionally, patients can choose which healthcare providers can access their records, ensuring they receive personalized care that meets their unique needs.

4. Improved Clinical Trials

Web3 technology can also improve the clinical trial process by making it more efficient and transparent. Clinical trials are an essential part of healthcare, as they help determine the safety and efficacy of new treatments. However, the current clinical trial process can be slow, expensive, and inefficient. With Web3 technology, clinical trials can be decentralized, allowing for faster recruitment and enrollment of patients. Additionally, using smart contracts can provide greater transparency in the clinical trial process, making it easier for patients to track their progress and for researchers to analyze data.

5. Preventing Counterfeit Drugs

Web3 can also help prevent the circulation of counterfeit drugs, which is a significant problem in the healthcare industry. Counterfeit drugs can be dangerous and can result in serious health complications. With Web3 technology, drug manufacturers can track the entire supply chain of a drug, from production to distribution, using a decentralized ledger. This can help ensure the authenticity and safety of drugs, preventing the circulation of counterfeit medicines.


Web3 marketplace app development can potentially revolutionize the entire healthcare industry by addressing worldwide issues, such as bed shortages, long waiting lists, and rising costs. To overcome these challenges, businesses are developing robust healthcare platforms that are highly efficient and provide a range of features. Considering the potential benefits of these solutions, it is clear that the future of healthcare is promising and secure.

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