Wearable technology has taken the world by storm over the past number of years. Members of the public have been liberated, finally able to take control over their health, wellbeing and lifestyle. More so now than ever, lifestyle has become a major factor in the success of many sectors. If we look at retail, experiential shopping has become the latest trend, where people are learning new skills or are able to buy and also have a memorable store experience, whether through an event or masterclass or perhaps through the use of technology. Finance is almost dictated by lifestyle. People no longer want to queue in the bank to deal with their finances. They want to access account information from the comfort of their home or whilst commuting to work. Healthcare is no different. People want to know how their body works and how they can live healthier, happier and longer lives. Wearable technology has opened to door to many people where we are finally able to monitor our fitness levels and sleeping patterns. This has normally been used for the leisure sector, however it can extend further and help those with long term health conditions that need to be managed on a daily basis by patients.
Every wearable device and mobile application, with the aid of Blockchain, could link to a patient hub with all of the patient’s health records. This would allow health professionals to access a new level of visibility and a new set of data on the patient’s health. A wearable device could update to the ledger system, at specified time intervals, such as hourly, and hence data can be collated to give a better overall image of a patient’s health or condition. Consultants and/or prescribers can prescribe with more accuracy and also can be triggered to look at patient data if it is abnormal.
By having this data accessible it is easier for paramedics to prepare for treatment whilst travelling to the patient. They can see if pulse or blood pressure is stable or if the rate at which the patient is deteriorating.
There are six Blockchain criteria that must be met for successful implementation.
Through the use of wearable technology, a patient’s health is completely revolutionised. They are now able to take responsibility over their own health and hence can start to make adjustments and become healthier overall. By accessing health data we can achieve more accurate prescribing and reduce drug wastage. Better monitoring can improve the overall health of the public as issues are identified at an earlier stage allowing us to see treatments becoming more precise and healthcare becoming a more tailored experience for all.
Partner, Health Industries, Procurement and Supply Chain Management, PwC United Kingdom
Tel: +44 (0)7736 350 447
Global Blockchain Leader, PwC United Kingdom
Tel: +44 (0)13 1260 4129