Blockchain technology has the potential to revolutionize healthcare

Medical Economics January 12, 2022
Mary Tolan

For healthcare, blockchain can be used for payment processing, but it can also improve interoperability, track claims processing, or develop and maintain provider directories.

Blockchain — the same technology powering Bitcoin and other cryptocurrencies — is finding revolutionary new applications in the healthcare sector. Recently, Aetna, Anthem, and the Cleveland Clinic partnered to announce a new blockchain-based healthcare initiative, marking the latest indication of the potential impact blockchain could have on the healthcare sector as a whole.

Blockchain is best known for its security, distributed nature, and immutability. The technology is most often associated with cryptocurrencies; it allows for a record of all transactions that cannot be altered or changed — necessary for any kind of currency that is not...

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