Do you naturally assume blockchain whenever you hear the term “wearable technology?” To be honest, we doubt it. That’s because it seems counterintuitive to pair such elements together.
There was once a moment when this technology was exclusively associated with cryptocurrency, but now it’s being utilized by companies like quantum AI to automate trading and completely change the financial landscape.
The influence of blockchain technology on a variety of different industries is fascinating but not as significant as its impact on the financial industry, which is where most people’s attention is focused. In the next few years, we will see the rise and fall of companies in various industries as they embrace or resist the revolutionary potential of the blockchain.
Blockchain and other forms of cutting-edge technology are being used to some of healthcare’s most pressing problems at the moment. It’s true that Blockchain has the potential to greatly improve world health, particularly in the realm of high-tech, always-on medical wearables.
Just What Does It Mean To Speak About “Wearable Technology?”
Various kinds of body-mounted computers fall under the overarching concept of “wearable technology”. The term “smartwatch” undoubtedly comes to mind, but there are other varieties as well.
- Bands
- Implants
- The Merger of VR and AR
- Apparel
Wearable devices may be both functional (like digital fitness trackers) and just decorative (like a Fitbit). It is also becoming more prominent in the medical community.
Wearables And The Role Of Blockchain
Distributed ledger technology makes wearable devices not only useful but essential. To accomplish this, it gathers data in a decentralized manner and makes it available to other people when the information’s owner gives permission to do so. Those who are unwell or injured now have access to the most recent data that may be shared with their physicians or consultants.
By cutting out the middlemen, the procedure will be much more streamlined and speedy. Older people are the intended users of these gadgets. Wearable technology empowers them to make informed decisions and experience a sense in their daily lives.
However, we need to combine more surveillance, automation, and artificial intelligence in order to maximize the promise of wearable technology. To be sure, blockchain isn’t the silver bullet that will make wearables a smashing success, but it does help address many pressing issues in the medical field.
Positive Effects
What does it really imply that wearable technology is now more transparent and secure thanks to blockchain technology?
- Customers may feel more at ease knowing that their data is safe and secure because of this.
- The aged and the sick will be safer as a result.
- A sick or injured patient may be unable to call for aid on their own. So, their wearables can carry it out by communicating with medical professionals or emergency personnel. Obviously, this would depend on things like a person’s heart rate or the way they walk.
Other Than Medical Applications
- Wearable gadgets might also be used to make purchases, potentially even using bitcoin, in other contexts. Or, you may keep an eye on people in shops or eventgoers at gatherings to get additional information regarding their tastes.
- It’s no secret that certain businesses are using wearable tech to better serve their clients. Blockchain technology is the last missing piece.
- It’s possible that in the not-too-distant future, workers may use smartwatches as a means of keeping track of their responsibilities. Accessories for customers to wear while shopping is a possibility. Medical facility residents might also benefit from wearables for improved health monitoring.
- Wearable, decentralized technology is the wave of the future, and it’s coming soon to every industry.
Conclusion
Wearable technology is transformed by Blockchain from a nice-to-have into a must-have because of the increased privacy and security it provides users. The safety of children, babies, and the chronically ill will also be increased.