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Author Q & A
By staff reporters
Peter B. Nichol, managing director of OROCA Innovations, is one of the world’s foremost experts in healthcare and blockchain technology.
He is also the author of the recently released book “The Power of Blockchain for Healthcare.”
In light of his expertise and the publication of this new book, here is a brief interview with Nichol on the current landscape for blockchain technology in healthcare as well as the trends he expects to see emerging in this budding space.
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Conclusion
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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: Book Reviews, Information Technology | Tagged: OROCA Innovation, Peter B. Nichol, The Blockchain Book for Healthcare |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Blockchain
For example, when a bitcoin transaction takes place, it is included in a shared public ledger called the blockchain, which is maintained by a network of computers around the world. Bitcoin “miners” validate transactions by solving a series of complex math problems using computers running bitcoin software.
Miners get transaction fees and are in competition because transaction payments and rewards go to the miner who completes the equation first.
Miners need more computing power than everyday PCs have, so they form groups that link multiple computers, or buy specialized bitcoin machines.
Ohno
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Out Of Hospital Developments
There will be many OOH blockchains developed to address the myriad of uses in healthcare; including tracking the development of drugs, doctor and nurse credentialing, real-time population health data analysis and alerts, insurance peer-to-peer risk pooling, telemedicine and home health visit data sharing, decentralized autonomous organizations, verification and audits, and remote device monitoring commonly addressed today under the Internet of Things category.
These peer-to-peer healthcare blockchains will open the door to new business models in healthcare, including analytics-for-healthcare products and services, flash malpractice insurance and friction-less claims processing hence shorter revenue cycles; etc.
Dr. David Marcinko MBA
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Blockchain Uber All
China has just announced that it will use blockchain technology for social taxation and issuing electronic invoices. This is just the latest example of the broad array of applications possible for the technology.
https://futurism.com/china-to-start-using-blockchain-to-collect-taxes-and-send-invoices/
Seth
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Another Blockchain Healthcare Distruptor?
Shifting Wealth From Intermediaries to Providers:
https://www.pointnurse.com/blog/cyrus-maaghul-blockchain-healthcare-recruiters-credentialing/
Percy
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Percy
Will blockchain solve the EMR problem?
http://www.kevinmd.com/blog/2017/08/time-consider-blockchain-technology-ehrs.html
Franklin
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Creative Disruption. At Scale.
I’m pleased to begin serving as a reviewer for Ledger.
Ledger is a peer-reviewed scholarly journal that publishes full-length original research articles on the subjects of cryptocurrency and blockchain technology, as well as any relevant intersections with mathematics, computer science, engineering, law, and economics. It is published online by the University Library System, University of Pittsburgh.
The journal Ledger:
* is open access to all readers,
* does not charge fees to authors,
* employs a transparent peer-review process,
* encourages authors to digitally sign their manuscripts,
* timestamps the published manuscripts in the Blockchain.
Sean Manion, via the ME-P
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BLOCKCHAIN
The incorporation of the Blockchain technology in healthcare: https://steemit.com/healthcoin/@mezhinski/the-incorporation-of-the-blockchain-technology-in-health-care-by-melanie-swan
Ann Miller RN MHA
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18% of Healthcare Enterprises Have Invested $5-10 Million in Blockchain
Deloitte recently released results from a global survey on blockchain. Here are some key findings from healthcare executives:
• 18% of healthcare enterprises have already invested $5-10 million in blockchain.
• 12% of healthcare organizations have not made any investment in blockchain.
• 2 in 5 provider-focused organizations count blockchain among their top 5 priorities.
• 11% said they are actively deploying blockchain in some part of the enterprise.
Source: Deloitte, August 2018
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