The American pharmaceutical company CVS Health is going to use the blockchain, NFT and elements of the Metaverse for sales in virtual pharmacies.
CVS Health announced that it has filed trademark applications for the sale of “virtual goods” in the metaverse. The pharmacy chain intends to sell prescription drugs and other health products in a virtual pharmacy. These products will be presented in the form of non-fungible tokens (NFTs). The company believes that in order to reduce the burden on the healthcare system affected by the coronavirus, it is worth introducing the latest technologies:
“Back in 2020, we started exploring how blockchain can change people’s lives and the global economy as a whole. The use of blockchain in healthcare will eliminate the need for paperwork. Medical staff will be able to access patient records, which will be available in a distributed ledger, while the information will be kept confidential. This will save time to fight viruses and diseases,” said CVS Health management.
The company believes that the use of elements of the metaverse in healthcare will simplify the work of general practitioners and subspecialists. Naturally, physical examinations should take place in the doctor’s office, but some elements of the doctor’s work can be made virtual, which will reduce the number of visitors to hospitals and pharmacies. On the other hand, when “going online” there is a risk of fraud. Therefore, to protect the personal data of customers, it is necessary to provide appropriate measures, according to CVS Health.
According to Acumen Research and Consulting (ARC) analysts, by 2026 the amount of blockchain funding in the healthcare market will exceed $1.7 billion, and the average annual growth in the use of blockchain-based systems in this area will be about 48.1%. Last year, this technology was used by the UK Department of Health, which monitored the storage conditions of the COVID-19 vaccine.
Source: Bits
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