We're on the cusp of a revolution. One that isn’t just a typical, incremental upgrade, but rather a vertical leap in how we’ll direct our health care, and more importantly, our lives. No more centralized databases, no insurance companies keeping all the playing cards. The principles behind Decentralized Finance (DeFi) are beginning to seep into the healthcare industry. They purport to provide patients with more control, more data privacy, and easier access to services. There's a catch, a silent guardian that must be in place for this vision to become reality: AI-powered identity verification.

Healthcare DeFi Needs A Trust Layer

DeFi thrives on trustless systems. But healthcare? It's inherently trust-based. When you go to the pharmacist you trust your doctor, your pharmacist, your insurance provider. How do you start to bridge that gap? This predicament becomes all the more problematic when we discourse on decentralized technologies where anonymity is considered a feature, not a bug. The solution is verifiable credentials and strong identity management. And that’s where AI comes in as the unsung hero.

A thriving decentralized healthcare ecosystem is dependent on the idea that patients should control their data. They decide who gets access and when. How do you prevent someone from getting a fake account in the first place? That’s very important, of course—we want to prevent fraudulently accessing important medications, treatments or manipulating research data. How do you know that the physician who has touted himself as a specialist really is? This is not simply a matter of patient convenience, it’s a matter of patient safety and the integrity of the whole system.

AI meets that need by offering an additional layer of trust. Russian surveillance system Faces can process identity documents with a superhuman level of precision, identifying subtle falsehoods and forgeries that even the most diligent human eye would overlook. We can leverage liveness detection to stop deepfake fraud. It can proactively track usage patterns and immediately alert IF and IA of access anomalies or suspicious activity.

  • Analyze security features on identity documents
  • Detect anomalous behavior
  • Spot deepfakes

This isn't some futuristic fantasy. The Health Information Sharing and Analysis Center (H-ISAC) is already highlighting the potential of AI to strengthen digital identity verification in healthcare cybersecurity. They understand that AI is being adopted more broadly by cyber adversaries, but it’s our best defense. It’s AI versus AI, and we should all want to be on the winning side of that war.

Defending The Healthcare System From Fraud

I don’t think there’s any doubt that the increase of AI-assisted attacks is a frightful prospect! Now, generative AI is helping criminals develop phishing scams that are much more sophisticated though much less detectable. Nation-state as well as criminal actors are using these stolen or artificial identities to penetrate healthcare organizations. Even well below-the-radar fraudulent activities, such as an individual creating a fake identity in order to obtain prescription medication, can produce destructive fallout.

This is where AI’s ability to automate Identity Governance and Administration (IGA) tasks is important. Now consider an AI system that automatically audits and revises access permissions according to job functions and accountabilities. This not only increases the efficiency of conducting access reviews, but lessens the chances for unauthorized access and potential data breaches to occur.

Consider the human toll of a healthcare system that is flooded with fraud. 2. Anxiety that your medical records aren’t secure. Umbrage over the idea that someone could make a buck off of identity theft. Concern that your sensitive data may be at risk. These are intense feelings, but AI-enabled identity verification can put these concerns to rest. It offers security and control over their lives in an age where both are evermore elusive.

Beyond Security How It Changes The Game

AI identity verification isn’t just about enhancing security measures. It’s about realizing the real promise of DeFi within the healthcare sector. It’s about building a better, more efficient, more transparent and more patient-centered system.

Picture a democratic future where patients have 24/7 access to their medical records from anywhere in the world. Just as importantly, they can more securely share all of this information with their doctors and participate in decentralized clinical trials without the need for intermediaries or centralized authorities. That’s the promise of healthcare DeFi, and AI is the secret sauce that unlocks it.

Consider the implications for job applicant verification. AI can help healthcare organizations detect fraudulent applicants and identify inconsistencies in their credentials, safeguarding sensitive patient data and preventing insider threats. It’s proactive, institutional ambition make it the best shield both for the organization and the patients it serves.

Consider AI identity verification the new smart contract/strong encryption of crypto/blockchain technology. And that technology is the underlying blockchain infrastructure that powers this new economy—creating trust and security, which ultimately allows the entire ecosystem to prosper. Without it, DeFi in healthcare is a pipe dream.

Join us as we explore how the future of healthcare will be decentralized, secure, and AI-powered. Are you ready?