Health IT Analytics August 7, 2023
In recent years, blockchain technologies have made a splash across industries. But what is blockchain, and how is it relevant to healthcare?
Like artificial intelligence (AI), machine learning (ML), robotics, and virtual reality (VR), blockchain has been hyped across sectors, including healthcare. But navigating the hype and assessing the potential value of blockchain remains a challenge for healthcare stakeholders.
In 2017, 83 percent of healthcare executives polled by the Pistoia Alliance reported that they expected the broad adoption of blockchain in the life sciences and pharmaceutical industries within the next five years.
Since then, some of that interest in adoption has led to real-world investment, with the global healthcare blockchain market projected to reach $829 million this year, according to...
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