Create NFT Token for Efficient Healthcare Data Management

submitted 1 year ago by nftdevelopmentservices to cryptocurrency

A blockchain-enabled "biodata" platform will function as a secure and decentralized health data collaboration network. While you create NFT token of health data, it allows patients to exercise autonomy over their own data, which could prevent businesses from profiting from data aggregated through personal health applications or from unauthorized access to institutional databases by third parties who then sell sensitive health information. This will make it possible for the secure exchange of healthcare data among multiple stakeholders, including patients, hospitals, government bodies, pharmaceutical companies, research institutes, and insurance companies. Instead, patients can actively decide whether or not to share personal data with researchers. This could address ongoing ethical concerns regarding situations in which AI developers create monetizable AI algorithms using publicly available patient data without compensating the patients.