Healthcare and Blockchain — Of Smart Contracts, Insurance, and Supply Chain; with a Hint of AI

Hacker Noon July 3, 2019
Andrey Sergeenkov

Blockchain, the running engine behind most cryptocurrencies, is an adaptable technology with the potential to revolutionize almost every major industry. It was designed initially for managing transactions and maintaining consensus via a decentralized public ledger, all while avoiding the need for intermediaries. In the end, blockchain was much more; a highly scalable technology that could store and transfer data securely without the need for third parties, offering new ways for industries to manage and review data.

To this came smart contracts, programmable if/then statements that could be implemented in the blockchain network. This made it possible to calculate and execute decisions with stored data quickly and efficiently without the need for human processing.

Many projects have been founded to explore...