Modern Healthcare March 30, 2018
Is there an industry that stands to benefit more from blockchain than healthcare? Granted, we’re still learning how this disruptive technology could improve our businesses and our lives. But so far, it appears blockchain is likely to have a major impact on many aspects of healthcare, including improving clinical outcomes, reducing the cost of care, sharing clinical data with smart patient wearable devices, processing claims, and broadening access to clinical trials.
Blockchain is digital ledger technology developed in 2008 and most known to date for underpinning Bitcoin, yet its potential goes far beyond the crypto-currency. The technology is a database of transactions–each cell is a timestamped “block” that connects to the cell before it, creating a chain of blocks that...