Health IT Analytics May 3, 2018
Blockchain may help to forge stronger connections between stakeholders and streamline the complicated processes of healthcare data management.
Blockchain may be able to significantly improve the way healthcare providers collaborate to manage data and participate in transactions across organizational lines, predictsa new report by Chilmark Research.
The distributed ledger methodology, which is founded on the idea of shared consensus and mutual trust, could help reduce some of the challenges created by data siloes, bewilderingly complex administrative transactions, and the overwhelming need to ensure the privacy and security of patient data as it travels between organizations.
“Blockchain is immutable and enables permanent records of transactions that cannot be changed,” the report explained. “For transactions where fraud prevention, authenticity, or provenance of...
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