Solve the Problem of Expensive Drugs in Hospitals by Blockchain

Abstract

Effective treatment of major diseases has always been one of the key research topics for doctors. Some researchers have found that the lack of drugs and the proliferation of counterfeit drugs have a great impact on disease treatment, especially in developing countries. However, there is still a gap in research on drug cost control and hospital official drug pricing. As we all know, blockchain technology has been used in securities trading and other fields to reduce the costs of both parties. Therefore, the research topic of this paper is how to reduce the cost price of drugs purchased by hospitals nationwide or even globally, so that the price of drugs can be reduced to a win-win situation for hospital patients. The structure of this article is as follows: First, it introduces the current status of the application of blockchain technology at home and abroad, so that people can more clearly understand which transactions around them have used this technology. Later, this article will describe the working mechanism of blockchain technology, and finally introduce how to use this technology in drug trading. Through research, it is found that the point-to-point transaction of blockchain technology can greatly reduce the cost and time for hospitals to purchase drugs, reduce the price of expensive drugs in hospitals, enable more patients to get effective and rapid treatment of diseases, and reduce the phenomenon of family decline caused by illness. This shows that the effective reduction of drug purchase costs through blockchain technology is conducive to overcoming the problems of diseases and maintaining the stable income of hospitals.