NFTs in healthcare: How they can be used

healthcareNFT

NFTs have been used in a wide variety of cases. From fashion to food, several industries have been jumping on the NFT bandwagon. NFTs have so much to offer, and from a brand’s perspective, they can be a huge boost to its marketing. And, of course, you have play-to-earn NFT gaming marketplaces that allow users to earn by simply playing NFT games. As is evident, NFT use cases have slowly been moving from collectibility to tangible utility.

One of the fields where NFTs have the potential to really make a difference is healthcare. Healthcare is vital to human civilization, and therefore, has to keep up with the latest in technology to ensure that patients always have access to state-of-the-art care. Here’s how NFTs can help streamline healthcare. 

Potential Applications

One of the most talked about benefits of healthcare NFTs is that it will allow patients to monetize their data. Right now, health-related information is being sold to third parties, even being mapped to an individual. With NFTs in the picture, these companies may have to pay patients for their data. This would also boost patient security and make it easier to track the flow of data. 

Apart from giving patients power over their data, NFTs can also streamline blood donation. They make it easier to identify the right donor for the right patient, while also calculating the demand for a certain blood type or the requirements of a certain hospital. And, of course, NFTs can be used to verify the legitimacy of medicines and prescription drugs, helping the fight against counterfeit drugs.

Closing thoughts

It is abundantly clear that NFT can be used for a host of things. Several people see it as a passing fad or as being purely collectible in nature, when the truth is so much more nuanced. NFTs can contribute in spades to the healthcare sector, and help create an industry where people have complete ownership of their personal data. 

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