Blockchain in Action: Healthcare and Pharma Blockchains Are a Matter of Life and Death

PYMNTS.com June 5, 2022

The healthcare and pharmaceutical industries are incredibly intertwined, exceptionally expensive, and deal not just with dollars and cents, but life and death.

On the healthcare side, blockchain can make information both more accessible and more private, as well as more accurate and more efficient. However, it’s not just a matter of money or privacy, according to an October 2021 report by the U.S. Department of Health and Human Services (HHS) Cybersecurity Program.

Noting that a 2016 study by Johns Hopkins found “the third leading cause of death in the US was medical errors that resulted from poorly coordinated care, such as planned actions not completed as intended, or errors of omission in patient records,” the HHS said “blockchain-based medical record...

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