Blockchain in Healthcare - A Dynamic Duo
The Distributed Ledger Technology Blockchain has disrupted the financial industry in many ways. And now ‘ blockchain in healthcare 2020 ’ is what many companies are trying to implement to test the full potential of the tech. The medical industry, and in particular the pharmaceuticals, could employ the blockchain technology to facilitate efficiencies, enhance privacy & confidentiality, increase patients’ safety, and render a higher level of clinical care. Applications for Healthcare and Pharmacy There exist a lot of use cases that explain how blockchain could benefit the healthcare sector on the whole. Blockchain is potent enough to simplify, speed, and lower the cost of transactions. But it lies in the hands of the stakeholders to participate, agree, cooperate, coordinate, execute, and approve across the healthcare industry. Problems in Healthcare Industry and their Solutions Problem Electronic Healthcare Records or EHRs are created for the same patient across dif