Litecoin Cash (LCC) leads the global revolution in healthcare, with strategic partners ACAIM!
The current state of electronic medical records in the world is quite expensive, fractured, inaccessible, and attributing to a poor service of the global healthcare system (Technology Review, 2018). An electronic medical record (or EMR) is a storage of personal information such as your weight, blood pressure and symptoms which helps doctors to easily identify you and provide better clinical decision making on each visit (Wagner, 2018). The major problem is that EMRs grows longer with time, and every hospital and doctor’s office has a different way of storing them (Wagner, 2018). EMRs are also scattered across multiple facilities around the world, which means it’s not always easy for healthcare providers to obtain your medical history — a situation that occurs every day and costs a lot of money, and sometimes even lives (Technology Review, 2018).
This healthcare problem is one in which Litecoin Cash wants to solve, and we proudly announce our strategic partnership with global leaders ACAIM — who have a vast network of Academic International Medicine (AIM) professionals in the US and beyond, to achieve this goal.
“Our main aim at Litecoin Cash is to become a globally adopted cryptocurrency, with many functional layers and real world uses. One layer we excited to build on top of our blockchain is the secure storage of identity (or SID)”
- Alex, Public Relations Lead at Litecoin Cash
Litecoin Cash realises that its blockchain provides an ideal way to store this proof of identity, as well as decentralizing the actual subsequent checking of someone’s identity once it has been initially confirmed. This “proof of identity” layer is something that can be implemented on the blockchain, with the potential to store much more than just identity.
In a medical context, this data could be extended for doctor and patient convenience. For example, instead of payments, the blockchain would record medical notes, test results, new prescriptions and any additional information that can be used to treat, diagnose and provide care to patients. These logs would be added to the Litecoin Cash blockchain, a decentralized digital ledger which is a virtually incorruptible cryptographic database, and maintained by a network of computers that is accessible to anyone running the software (Wagner, 2018). Every log that is recorded on the blockchain would become part of a patient’s EMR, and will be accessible to any electronic system that the doctor might be using — so any resource facility in the world could use it without worrying about incompatibility issues (TechnologyReview, 2018).
The initial plan is to create a cryptography-based “Secure ID” (SID) that will serve as the backbone for future developments. This SID will contain each user’s unique identifying information, accessible only to the end-user, and shareable for viewing and information verification only with end-user’s designees. The SID will also serve as a “Secure Key” to access other, downstream blockchain-based applications, including “Academic Activity Logger” (AAL) and “Credentialing Document Repository” (CDR). This can be done in a largely decentralized way, with both patient and care provider potentially freed from the limitations of traditional healthcare IT systems.
An example workflow is shown in the below figure, where a doctor would enter patients public address in an application, and proceed with filling out the patient “data card” and any necessary photos or other materials. As soon as the meeting is finalised all the information received would be encrypted using the patient’s public key and stored on the blockchain.
This key piece of information is then received and stored in a medical database, which is secured by the Litecoin Cash blockchain. The patient on the receiving end will also have access to the medical database and can see their records any time and anywhere via the patient application.
Universal access across borders
The main advantages of this application is similar to the advantages that are enjoyed by classical cryptocurrencies, which is universality. The prime advantage is that blockchains are decentralized; the data is not under the control of any specific entity, making it an ideal tool for cross border application. No matter where you are in the world there would be a node that would serve you data and help you store it. This solves the major problem of inaccessibility as the same data would be streamlined and accessible across borders. This will help ACAIM and Litecoin Cash to create truly secure medical applications for International Medical Programs, and will be extremely easy to use for the masses.
Quality assurance of information
The second major advantage is that a blockchain is designed to be immutable, and therefore assures its legitimacy. Once a block is written to a blockchain, realistically, it cannot change. Blockchain’s operate on consensus meaning there are rules that are enforced at code level. If a “bad actor” tries to circumvent the network rules, the network detects this and prevents them from participating. The transparency and immutability offered by the Litecoin Cash blockchain can provide a tamper-proof audit trail which was previously impossible. This can minimize the dishonest uses of medical information around the world (Coin Central, 2018).
As Litecoin Cash has also a much cheaper transaction price per kilobyte of data than Litecoin and Bitcoin, it’s ideally placed as an implementation platform and proving ground for these ideas.
Secure data protection
With the recent innovation of HiveMine, the Litecoin Cash blockchain is the most secure blockchain amongst the cryptocurrency space. This is because HiveMine provides the ultimate protection from 51% attacks and double spending and ensure the sustainable and long-term security of its distributed ledger. The synergy between secure mining process and the need for highest possible levels of distributed ledger security creates a unique environment for the development of blockchain-based educational and medical applications. Alongside this, Litecoin Cash target block times are 2.5 minutes which gives four times the transaction bandwidth of Bitcoin — so this allows Litecoin Cash to be able to store laarger quantities of data. This is suitable for EMRs because as volumes increases with time, the Litecoin Cash blockchain will be able to scale and sustain this data load, without affecting the frequency and speed of the network times.
In summary, the medical application facilitated by the Litecoin Cash blockchain would help to process the exchange of complex health information between doctors and patients — and this will help to streamline the sharing of EMRs in a secure way, protect sensitive data from hackers, and give patients more control over their information and comply with privacy regulations (Technology Review, 2018). This layer is just one of many in which the Litecoin Cash blockchain is building to provide use case real world application, and as time goes by, more functional layers will be built with the aim of solving a real world problem.
Feel free to keep in touch with weekly Litecoin Cash announcements via our official Medium account: https://medium.com/litecoincash.
Wagner, J. (2018). How the blockchain could change healthcare and save lives. Available at: https://www.digitaltrends.com/computing/how-the-blockchain-could-change-healthcare-and-save-lives/ [Accessed 14 August. 2018].
Coin Central. (2018). Could cryptocurrency investments revolutionie healthcare system. Available at: https://coincentral.com/could-cryptocurrency-investments-revolutionize-healthcare-system/ [Accessed 14 August. 2018].
Technology Review. (2018). Who will build the healthcare blockchain?. Available at: https://www.technologyreview.com/s/608821/who-will-build-the-health-care-blockchain/ [Accessed 14 August. 2018].