Blockchain : An opportunity to address many complex challenges in Healthcare

Introduction

In today’s digital world, different systems interact with each other for data and information exchange. We expect each interaction / transaction between the systems to be secure and reliable. Blockchain is a new technology that promises an efficient, cost-effective, reliable, and secure system for conducting and recording any transaction without the need of middleman.

A Blockchain database is a distributed database that records and stores transaction data in the form of time stamped “Blocks” linked to each other in such a way that no one can alter any transaction data. Members of the Blockchain network who validate the transactions are called nodes. Blockchain technology allows different types of nodes to enter Blockchain Network using specialized software...