Blockchain Technology Holds Future of Medicine
Longtime Wall Street Investor, Paul Mampilly brings good news about the latest technology to emerge on Wall Street since the computer age, which is blockchain technology. Blockchain technology allows millions of transactions to seamlessly be recorded quickly and efficiently across a network of computers without a centralized location to track them. Blockchain has been around since 2008, “Guru” Mampilly, but possibilities of its use are just beginning to emerge.
First, blockchain makes all of its transactions hack entirely proof, meaning, there is no way an unauthorized person can get into the system and change your information. You have your data under your control, and if the person doesn’t share their key, then there is no way to enter the system. Furthermore, only information that you allow will be visible to authorized persons. The level of security your information is kept is one of the reasons why Paul Mampilly believes this technology will affect the medical industry and be a safe defense against medical fraud.
Medical Pills AKA epills
Medical technology has become more sophisticated today to the degree that science can place sensors inside pills and send them into the system. For the most part these sensors are biodegradable, which break down after the sensors have done their job. Paul Mampilly believes that epills are the new future of medicine, since epills can be taken by the patient and self-prescribe to the patient whether the medication has “accomplished” its task. Big data is here to stay, and this information, if allowed by the patient, also be transmitted back to the doctor or medical technicians to suggest different medicines for the patient or help researchers improve the medication taken. Furthermore, doctors would know if a patient is following their prescriptions on time. Paul Mampilly sees many uses of the blockchain technology for use in the medical profession and would improve the present state of medicine on a global scale.
There is no doubt that medical technology will change the face of medicine and Wall Street analysts or experts, like Paul Mampilly, who know the vast effects it can have on the world, are stepping out and blowing the horn of hope for people who could reap the greatest benefits of blockchain technology and the integrated sciences.
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