Web3 – An evolution of the internet that will make online healthcare safer, Health News, ET HealthWorld

By Pradeep Goel

We now live in a world where the Internet is used for almost everything, be it personal or professional. However, the ubiquity of the Internet also brings us security issues and cyber threats. In a report by the World Economic Forum, it is predicted that 463 exabytes of data will be created daily worldwide by 2025, posing a huge data privacy challenge for organizations and individuals. The invention of the Internet has radically changed the world order, setting us on the path to rapid globalization, where instantaneous communication and transactions across international borders are now the norm. We are now preparing for another paradigm shift that will help Internet users with capabilities beyond the trajectories of Web 1.0 and 2.0 combined, i.e. Web3.0 (aka Web3) – an evolution which stems from the concepts brought by the blockchain, namely decentralization, machine learning and edge computing.

Web 1.0 for healthcare was primarily focused on patient accessibility to their health records or paying bills, but with Web 2.0 it took a turn and focused more on infrastructure based on the cloud. Now, with Web3, we are seeing a major transition as it is built on the ideals of blockchain technology, promoting permissionless, trustless and open networks. Web3 for Healthcare is on its way and it has the ability to give patients control over their healthcare information. With Web3, healthcare is more accessible and user-friendly and also allows the patient to take charge of their own healthcare journey. Layered with artificial intelligence and advances in machine learning, data processing has become more efficient than ever, enabling useful accurate predictions targeted at user needs.

The approach of using Web3 for healthcare will revolutionize the healthcare system as many organizations and individuals are now focusing on increasing the security and quality level of online healthcare services. We can say that Web3 is safer and more secure for technologies such as telemedicine, online health communities and health applications that make the health system less complex and more accessible. With the growing demand for increased security and efficiency in the healthcare industry, advanced networked telemedicine portals are in high demand as they help healthcare professionals reach many patients in remote areas, making health care more accessible. For the patient, decentralized data networks and edge computing serve to provide greater control over data ownership, eliminating middlemen or third parties while adding an increased layer of security with respect to sharing, l exchange and sale of data.

With Web3, we are entering a new era of proactive healthcare that allows us to listen and learn from our data. Web3 in healthcare brings us a fairer internet that will give us fewer data breaches, more freedom and better capabilities to run applications anywhere in the world on a decentralized platform. The potential of blockchain and web3 for the Indian healthcare industry is highly dependent on the acceptance of the new technology within the healthcare ecosystem to create an appropriate technical infrastructure. With Web3 and the right policies and regulatory framework, India’s healthcare sector can bring security, combined with hope and prosperity. As Web 2.0 has brought about incredible technological advancements in the healthcare industry, we are moving towards the natural evolution of the Internet where we are battling user privacy issues/data breaches. Now that we have Web3 with blockchain technology as the core technology, we will see greater progress for safer and more efficient healthcare at scale.

By Pradeep Goel, CEO, Solve.Care

(DISCLAIMER: The views expressed are solely those of the author and ETHealthworld.com does not necessarily subscribe to it. ETHealthworld.com will not be liable for damages caused to any person/organization directly or indirectly.)

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