Collaboration of blockchain and machine learning in healthcare industry

Abstract

The purpose of this paper is to explore the applications of blockchain in the healthcare industry. Healthcare sector can become an application domain of blockchain as it can be used to securely store health records and maintain an immutable version of truth. Blockchain technology is originally built on Hyperledger, which is a decentralized platform to enable secure, unambiguous and swift transactions and usage of medical records for various purposes. The paper proposes to use blockchain technology to provide a common and secured platform through which medical data can be accessed by doctors, medical practitioners, pharma and insurance companies. In order to provide secured access to such sensitive data, blockchain ensures that any organization or person can only access data with consent of the patient. The Hyperledger Fabric architecture guarantees that the data is safe and private by permitting the patients to grant multi-level access to their data. Apart from blockchain technology, machine learning can be used in the healthcare sector to understand and analyze patterns and gain insights from data. As blockchain can be used to provide secured and authenticated data, machine learning can be used to analyze the provided data and establish new boundaries by applying various machine learning techniques on such real-time medical data.