Leveraging Blockchain Technology for Indian Healthcare system: An assessment using value-focused thinking approach

Shukla, Rashmi G.; Agarwal, Anuja; Shekhar, Vidhu

doi:10.1016/j.hitech.2021.100415

Cited by 32 publications

(10 citation statements)

References 68 publications

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“…Chukwu and Garg (2020) supported the finding that there is need for more R&D units and a well-defined legal and regulatory framework regarding the technology’s use in the Indian health-care sector. There has been limited knowledge among the masses regarding the technology’s use and benefits, accompanied by a lack of blockchain expertise (Shukla et al , 2021). According to Aguiar et al (2019), there is a dependence on skilled blockchain operators for the network to work, which are very few in India as the technology’s development is still budding.…”

Section: Discussionmentioning

confidence: 99%

“…Due to unawareness about the technology in India, people cannot calculate or remain unclear about its return on investment. Balance between privacy and transparency while sharing data is a difficult task (Shukla et al , 2021). As all information would be accessible, several contracts between Indian health-care organizations would need to be secured for some level of confidentiality.…”

Section: Discussionmentioning

confidence: 99%

“…Lack of trust, lack of data storage, legal issues, data ownership and lack of technical expertise were some of the barriers presented by the authors in their work. Shukla et al (2021) pointed out challenges related to security, negative perception toward technology, lack of management commitment and cultural resistance as relevant issues to be tackled. Sharma et al (2021) analyzed how blockchain will transform the health-care ecosystem and mentioned interoperability and regulation issues as common challenges that blockchain systems face.…”

Section: Literature Reviewmentioning

confidence: 99%

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Analysis of the challenges for blockchain technology adoption in the Indian health-care sector

Dhingra

Raut

Gunasekaran

et al. 2023

JM2

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Purpose This paper aims to discover and analyze the challenges hampering blockchain technology’s (BT’s) implementation in the Indian health-care sector. A total of 18 challenges have been prioritized and modeled based on an extensive literature search and professional views. Design/methodology/approach An integrated multi-criteria decision-making approach has been used in two phases. Best worst method (BWM) is used in the first phase to prioritize the challenges with sensitivity analysis to validate the findings and eliminate a few challenges. In the second phase, interpretive structural modeling is applied to the remaining 15 challenges to obtain relative relationships among them with cross-impact matrix multiplication applied to classification analysis for their categorization. Findings The study’s results reveal that limited knowledge and expertise, cost and risk involved, technical issues, lack of clear regulations, resistance to change and lack of top management support are the top-ranked or high-intensity challenges according to the BWM. Interpretive structural modelling findings suggest that the lack of government initiatives has been driving other challenges with the highest driving power. Research limitations/implications This work has been conducted in the Indian context, so careful generalization of the results is needed. Practical implications This work will give health-care stakeholders a better perspective regarding blockchain’s adoption. It will help health-care stakeholders, service providers, researchers and policymakers get a glimpse of the strategies for eradicating mentioned challenges. The analysis will help reduce the challenges’ impact on blockchain’s adoption in the Indian health-care sector. Originality/value The adoption of BT is a novel concept, especially in developing countries such as India. This is one of the few works addressing the challenges to BT adoption in the Indian health-care sector.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Analysis of the challenges for blockchain technology adoption in the Indian health-care sector

Dhingra

Raut

Gunasekaran

et al. 2023

JM2

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“…In order to improve the safety of MID storage, it is necessary to protect the data from the following two aspects: judging the correctness of the data and reducing the possibility of its deletion or forgery. It can trace the initial data and has certain data recovery performance [20]. Blockchain technology can solve the above problems in the form of decentralization and distrust.…”

Section: Blockchain Hierarchy Analysismentioning

confidence: 99%

Enterprise data security storage integrating blockchain and artificial intelligence technology in investment risk management

Jiang

Chen

2023

Preprint

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Some multinational enterprises have comparatively poor property and resource management. Materials Inventory information is easily lost during storage, which prevents managers from getting timely access to an enterprise's financial information., It increases the likelihood of foreign investment risks that results in financial crisis. Therefore, this paper presents a secure storage system of Material Inventory Data (MID) that integrates blockchain and artificial intelligence technology. The three components of blockchain are transaction, block, and chain which create a hierarchical structural model. The probability that the system is attacked by multiple intruders is calculated as the system constraint function, and the target constraint conditions are divided, and accordingly a model of the safe storage mechanism is established. Additionally, the incentive mechanism is used, in which several nodes come to an agreement on the block contents. It achieves model optimization and guarantees block income maximization. The simulation results demonstrate that the data storage delay time of the suggested system is shorter than that of the conventional approach. (Moreover, there is very little data loss, which helps to effectively ensure the integrity of enterprise data security storage).

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“…The extension of coverage, services and increased investment by private and public entities contribute to the rapid expansion of the Indian healthcare sector. The Indian healthcare system is characterized by complexity and diversity, which can be attributed to various factors including the large population that it serves, the presence of both organized as well as unorganized healthcare services and economic disparities (Shukla et al, 2021). The Indian healthcare sector is in the midst of a digital transformation (Sharma and Joshi, 2021).…”

Section: Introductionmentioning

confidence: 99%

Determinants of blockchain adoption and organizational performance in the healthcare sector in India

Kabra

2023

AJB

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PurposeBlockchain technology (BCT) has multiple benefits across industries in varied contexts, but limited organizations have adopted such disruptive innovative technologies in the healthcare industry in India. The research on advancing the understanding of blockchain adoption (BCA) determinants in India's healthcare industry is limited. Thus, the study aims to identify the BCA determinants in the healthcare sector in India. Further, the impact of BCA was examined on organizational performance (OP).Design/methodology/approachThe study utilizes Technology, Organization, and Environment (TOE) framework to investigate the determinants of BCA in the healthcare sector in India. The data were gathered using a seven-point Likert seven-point ranging from “strongly agree” to “strongly disagree” from 272 respondents working in the healthcare industry in India. The relationship within the framework was investigated using structural equation modeling.FindingsThe results demonstrate the positive impact of top management support, organizational size, organizational readiness, competitive pressure and government support on BCA in the healthcare sector. On the other hand, compatibility, security and privacy issues do not affect BCA. The results emphasize and validate blockchain’s importance in improving OP in the healthcare sector. Further, the results indicate that non-technological factors are paramount to improving BCA within the healthcare sector. Organizations should invest in employee training and development to ensure their staff have the necessary knowledge and skills to effectively manage BCT.Research limitations/implicationsThe model was developed for BCA in the healthcare sector in the Indian context; however, the model applies to other countries with the same business environment. Hence, the model can be further examined in diverse countries to generalize the findings.Practical implicationsThe study offers valuable insights into the factors that influence BCA and OP in the healthcare sector. The results of this research can be used to inform policy decisions and guide practitioners toward promoting and facilitating the use of BCT in healthcare organizations.Originality/valueTo the best of the author’s knowledge, the present study is the first of its kind to examine the TOE framework in BCA within the healthcare sector and its implications on OP.

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Leveraging Blockchain Technology for Indian Healthcare system: An assessment using value-focused thinking approach

Cited by 32 publications

References 68 publications

Analysis of the challenges for blockchain technology adoption in the Indian health-care sector

Analysis of the challenges for blockchain technology adoption in the Indian health-care sector

Enterprise data security storage integrating blockchain and artificial intelligence technology in investment risk management

Determinants of blockchain adoption and organizational performance in the healthcare sector in India

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