Data exchange software

medicalfor clinical researchblockchain

In healthcare IT since 2005 and in enterprise blockchain development since 2020, ScienceSoft builds reliable blockchain solutions for medical records. Blockchain for Health Records: the Essence Blockchain technology for medical records ensures the security, integrity, and availability of patient data for healthcare providers and compliance with PHI-related regulations. Blockchain for Medical Records: Market Overview In 2025, the worldwide market of blockchain in healthcare will reach $3.04 billion, with health data exchange being a key application of the technology in the industry. By 2029, healthcare blockchain is forecasted to reach $11.04 billion, growing at a CAGR of 38%. The use of blockchain to store and maintain health records is becoming increasingly popular due to data breaches concerns, regulatory pressure to establish secure storage of sensitive data, and the need to ensure patient data consistency. How Blockchain for Medical Records Works Use cases Electronic health records management and exchange Healthcare providers use a medical blockchain solution to create and edit new patients’ health records and store them in a HIPAA-compliant way with no unsolicited data access and record changes. The solution enables secure access to patients’ health records for multiple healthcare providers and the exchange of the records within the blockchain network. Personal health records access (for patients) Patients can access their health data anytime to monitor their health state, select a medical insurance plan, etc. If patients get care outside the blockchain network, they can access their data via the patient interface, download necessary records.