The privacy and security of medical data is of paramount importance. Quality of care cannot be improved without greater coordination in patient data management across the healthcare system, and the ability to analyze population-level healthcare data.
After practice, we can find that blockchain has a wide range of applications and uses in the medical field. Distributed ledger technology helps securely transfer patient medical records and manage drug supply chains. Blockchain can hide the identity of any individual and protect sensitive medical data through complex and secure codes.
Based on the vision of solving traditional medical problems, XZ Chain uses blockchain technology to collect medical big data while protecting patient privacy, creating an efficient blockchain ecosystem for the world's medical industry.
It is worth mentioning that XZ Chain has obtained many investment funds, including Singapore Explosive Foundation, Huike Capital, Seven O’clock Fund, Game Asset Management (Hong Kong) Co., Ltd., Tongdu Fund, Tenet VC, Yaoda Capital, etc. Capital institutions participated in the investment.
In order to better understand how blockchain technology is applied in the medical field, and how XZ Chain uses blockchain to achieve implementation, on September 18, Cointelegraph Chinese specially interviewed XZ Chain Operations General Counsel and XZ Star Control Intelligent Operations Consultant Mingzhe.
Application landing determines the ultimate value of the public chain
Blockchain is increasingly recognized as a breakthrough technology. Blockchain has the potential to disrupt many industries by improving process efficiency, optimizing costs, and establishing new operating and revenue models.
Since the inception of cryptocurrencies, almost 60% of blockchain use cases have been concentrated in the financial services industry. Today, the application of blockchain technology in the medical industry has gradually matured.
While blockchain does offer significant benefits, there are currently several barriers to blockchain adoption. Especially when it comes to the realization of specific landings, various problems will continue to be encountered throughout the process.
The application of blockchain should not be divorced from the actual medical environment. Therefore, businesses need to take an objective approach in order to use blockchain to solve medical problems.
Based on the innovative model of "IPFS+NFT", XZ Chain collects global medical and health data extensively and uploads it to the public chain of medical data through XZ star control intelligence and other diversified physical intelligent terminals, so as to realize distributed storage and build an on-chain medical database , combined with the concept of "medical health + big data + big public chain", aims to create a future AI intelligent medical system and digital medical wisdom ecology.
The XZ public chain transforms medical data into NFT assets through NFT+, enabling users to have the "copyright" and "right to use" of their own medical data. The XZ public chain has never thought of taking advantage of the popularity of NFT. They have indeed realized the world's first use case that combines NFT and real industries.
XZ Chain Operations General Consultant and XZ Star Control Intelligent Operations Consultant Mingzhe thinks:
"In the future, a large amount of personal information and data will belong to personal privacy assets, and it does not belong to an Internet company. NFT+ provides a more powerful data storage and verification interface than traditional NFT, so it is more suitable for digital asset certification and management."
The concept of "Metaverse" is popular all over the world, and traditional giants such as Baidu, Tencent, ByteDance, and Nvidia have joined the "Metaverse" track one after another. Metaverse can usually be described as a virtual space that is parallel to, but independent of, the real world.
So, can the medical field solve the existing doctor-patient problems by establishing a high-dimensional space like the Metaverse? In the opinion of Mingzhe, XZ Chain Operations General Consultant and XZ Star Control Intelligent Operations Consultant:
"The metaverse bridges the gap between the physical world and the virtual world. Studying, working, making friends, shopping, traveling, etc. in the metaverse composed of virtual space and time nodes is equivalent to everyone having a "second life". In the universe, as in reality, everyone gets sick and needs medical treatment."
Mingzhe, general consultant of XZ Chain operation and intelligent operation consultant of XZ Star Control, also added:
"The value of the medical metaverse created by XZ Chain lies in allowing users to enjoy ownership and autonomy based on blockchain and decentralized platforms. In a sense, everyone's medical data is an NFT work, and everyone can Participate in the creation of this digital world."
The medical industry is a traditional field, but innovation has never stopped. It is undeniable that NFT and Metaverse can naturally promote the development of medical care, and they can also help rebuild the relationship between doctors and patients.
Scalability determines the efficiency of public chains in the medical field
Blockchain technology creates unique opportunities to reduce complexity, enable trustless collaboration, and create secure and immutable information.
Over the past few years, however, blockchain has been stuck with its early growing pains — issues with scalability, interoperability, poor user interfaces, and more.
Among them, scalability has been proven to be the biggest obstacle to mainstream adoption of blockchain technology, and has always been a huge challenge for public chains, and XZ Chian is certainly no exception. XZ Chain is committed to building infrastructure for the next generation of encryption economy, including a set of layered protocols with blockchain technology as the core and compatible with each other.
Regarding how XZ Chain can overcome the problem of scalability, Mingzhe, the general consultant of XZ Chain operations and the intelligent operation consultant of XZ Star Control, claimed:
"With the increase in the number of XZ Chain nodes, the system can continue to expand, and can realize infinitely scalable linear cost, efficient, safe and reliable transaction processing. It is a public chain network that can carry the development of Internet-level large-scale applications."
In order to shape the future of blockchain, XZ Chain has always been committed to building a blockchain medical ecosystem and establishing a blockchain framework to coordinate adoption in order to discover the great potential of blockchain technology in the medical field.
What does blockchain technology really bring to the medical industry?
In short, blockchain can empower digital healthcare, making it easier for data to share the same information securely in a decentralized healthcare system with patient consent.
Given the enormous challenges the healthcare system faces in digitizing and sharing medical records, it’s no surprise that many are trying to improve healthcare processes by adopting blockchain technology.
Adoption of many blockchain solutions in the medical field today no longer requires arcane top-level technical knowledge, as most blockchain-based solutions are now offered like any other software and services.
Blockchain can help the medical industry solve the problem of data islands, and at the same time broaden the incomplete control rights of users over their own data at this stage, and finally establish a data sharing platform based on blockchain.
XZ Chain Operations General Consultant and XZ Star Control Intelligent Operations Consultant Mingzhe said in the interview:
"The blockchain + medical field has a natural combination. The medical industry will realize decentralized data storage based on blockchain technology. As long as all parties involved in the patient's treatment process are authorized, they can access, exchange, and analyze patient-related data and information. .This is what XZ Chain is currently doing.”
In the future, the XZ medical and health data public chain network will play a huge role in regulatory compliance and medical and health monitoring records, as well as in health management, medical equipment data records, adverse event security, medical asset management, medical contracts Management and other aspects have played a strong role in helping the national medical industry to complete the industrial transformation of data on-chain.
epilogue
Blockchain has proven its worth in healthcare and life sciences, supporting trust and multi-party collaboration, and will continue to be at the forefront of solving many more challenges. Professionals in digital health are also grappling with the pain points of how to manage and keep personal health data secure.
It is foreseeable that blockchain technology will drive digital transformation in the medical industry, place patients at the center of the healthcare ecosystem, and improve the security, privacy, and interoperability of medical data.
Joy
