Throughout The Course So Far You Have Been Exposed To Many T ✓ Solved

Throughout The Course So Faryou Have Been Exposed To Many Technology

Throughout the course so far, you have been exposed to many technology concepts and industries. A key thread among the industries is how technical innovation helps organizations innovate, integrate, and thrive. Many organizations start by addressing problems by creating a business use. A business will create a use case in the following manner: They identify a business problem. Next, they identify all the shortcoming in that business.

The organization will look for business and technical solutions that can solve the focused problem. The organization will then identify the cost associated with the business problem. The organization then creates a plan based on all the collective factors addressed in the previous bullets mentioned. Blockchain technology adoption is one area that organizations are now actively looking at as the next horizon in securitization and record keeping management. The image below shows the business segmentation that we most often break Blockchain down into from a potential business perspective.

Your assignment as a GROUP is to present a business use case where Blockchain Technology can address a significant challenge within the industry: Automotive, Healthcare, Payers, Pharmaceuticals, Supply Chains / Manufacturing, Retail / B2B, Aerospace / Defense, Energy / Utility, Information and Communication Industry, or Education.

In the POWERPOINT PRESENTATION, you are to convince the executive leadership in your company (think CEO, CTO, CIO, CFO) why the use of Blockchain Technology will solve your business problem. The presentation must include the following: A overview of the industry listed, Key industry players in the industry, What are three to five major business problems in the industry today? Select ONE of these problems that can be solved using blockchain technology (this is the overview to the use case). What are five ways the problem can be solved using blockchain technology (this is the details to the use case). Who will the blockchain innovation impact in the organization? You must explain - the what, how, why for each. What is the cost associated with the innovation? What do you foresee the outcome to be should the organization implement the blockchain technology innovation? Are there any technical challenges or roadblocks that the organization should be aware of that may prevent a successful implementation? Provide a clear and convincing closing to why this solution is the best way forward for the organization.

The presentation should be a MINIMUM of 20 slides (including Cover and References). The deck should NOT EXCEED 25 pages. It should be designed for an executive audience with Times New Roman or Arial font, size 14-18 for text, and 20-24 for headers. Graphics are essential, with a minimum of 8-10 meaningful graphics, preferably custom graphics or tables created by your group. Each slide must include at least one reference in APA format. The first page should include group members' names, date, title, and course name. Proper grammar and spelling are crucial, and clarity, conciseness, and professional presentation are required.

Sample Paper For Above instruction

Introduction

Blockchain technology has emerged as a transformative force across various industries due to its inherent qualities of decentralization, transparency, security, and immutability. This paper explores a comprehensive use case within the healthcare industry, demonstrating how blockchain can effectively address one of its major challenges—the integrity and security of medical records. By analyzing the industry landscape, key problems, and potential blockchain solutions, this paper aims to persuade healthcare executives of the strategic advantages offered by blockchain integration.

Industry Overview

The healthcare industry encompasses hospitals, clinics, pharmaceutical companies, insurance providers, and regulatory agencies. Major players include hospitals like Mayo Clinic, pharmaceutical giants like Pfizer, and insurance companies such as UnitedHealth Group. The industry faces rapid technological advancements, regulatory complexities, and increasing demands for data security and patient privacy. Digital health records are central to operations but are vulnerable to breaches, fraud, and data fragmentation, making them a critical area for innovation.

Key Industry Problems

Current pressing problems in healthcare include:

  1. Data breaches and cybersecurity threats compromising patient information.
  2. Fragmentation of health records across multiple providers.
  3. Difficulty in verifying the authenticity of medical credentials and prescriptions.
  4. Complex compliance with privacy laws like HIPAA.
  5. High costs associated with administrative workflows and insurance claims processing.

Selected Problem for Blockchain Solution

Among these, the fragmentation of health records presents a significant obstacle to efficient healthcare delivery. Patients often undergo tests and treatments at multiple providers, leading to duplicated tests, medication errors, and delays in care due to lack of comprehensive data.

Blockchain can serve as a distributed ledger that provides a unified, secure, and accessible record of a patient's medical history. This eliminates data silos and enhances interoperability.

Ways Blockchain Can Address the Problem

  1. Creating a unified patient data registry accessible securely by authorized providers.
  2. Implementing smart contracts to automate insurance approvals and claims processing.
  3. Ensuring data integrity through cryptographic hashes to prevent tampering.
  4. Providing audit trails for all data access and modifications.
  5. Facilitating patient control over data sharing via digital consent management.

Impact on Organization

The integration of blockchain will impact various stakeholders:

  • Patients: Gain control over their health data, facilitating seamless sharing.
  • Healthcare Providers: Access comprehensive records, reducing redundant testing.
  • Insurance Companies: Streamline claims processing and verify authenticity.
  • Regulators: Better oversight with transparent audit trails.

Cost Consideration

Initial investment in blockchain infrastructure, staff training, and system integration is estimated at approximately $2 million. Ongoing operational costs include maintenance, security, and compliance efforts. However, cost savings from reduced administrative overhead, fewer errors, and improved efficiency could offset initial expenses over time.

Expected Outcomes

Successful implementation promises enhanced data security, increased operational efficiency, reduced fraud, and improved patient care. Moreover, establishing a trusted, immutable record could lead to new innovations in personalized medicine and research collaborations.

Technical Challenges

Potential challenges include data privacy concerns, resistance to change among staff, scalability issues, and regulatory hurdles related to data sharing and storage. Addressing these requires a phased implementation, robust stakeholder engagement, and compliance with legal frameworks.

Conclusion

Adopting blockchain technology in healthcare presents a strategic opportunity to transform data management, improve security, and streamline operations. While challenges exist, the long-term benefits of enhanced trust, efficiency, and patient-centric care position blockchain as an essential innovation for future-ready healthcare organizations.

References

  • Abeywardana, P., & Ranjan, R. (2020). Blockchain in healthcare: Innovations, applications, and challenges. Journal of Medical Systems, 44(7), 1-12.
  • Hasselgren, A., et al. (2019). Blockchain for health data and its potential use in health communications: A scoping review. Journal of Medical Internet Research, 21(4), e12461.
  • Kuo, T. T., et al. (2019). Blockchain healthcare records management: Opportunities and challenges. Healthcare, 7(1), 37.
  • Mettler, M. (2016). Blockchain technology in healthcare: The revolution has begun. Applications and Challenges. IEEE Security & Privacy, 14(3), 54-59.
  • World Health Organization. (2018). Blockchain and health: Opportunities and challenges. Geneva: WHO.
  • Risi, S., et al. (2020). Implementing blockchain solutions in healthcare: Developing a holistic framework. Journal of Medical Internet Research, 22(12), e23267.
  • Azaria, A., et al. (2016). MedRec: Using blockchain for medical data access and permission management. 2016 IEEE 2nd International Conference on Open Standards & Interoperability in Healthcare (ICOH), 25-30.
  • Yue, X., et al. (2016). Healthcare data gateways: Found healthcare peer-to-peer network using blockchain technology. Des. Autom. Test. Comput. Commun. 2016, 2, 171–177.
  • Khera, N. et al. (2021). Blockchain technology in health care: A comprehensive review. Journal of Biomedical Informatics, 118, 103827.
  • Gligor, M. et al. (2019). Critical success factors for blockchain adoption in healthcare. International Journal of Information Management, 50, 144-153.

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