Is Healthcare Ready For Blockchain?

Managed Healthcare Executive February 8, 2022
Jared Kaltwasser

Advantages may run into entrenched interests.

The healthcare industry is known for being careful and cautious, so one could be forgiven for assuming that healthcare and cryptocurrency have little in common. While the healthcare industry demands safety and risk-mitigation, cryptocurrency is built on a high-risk, high-reward model in which a tiny investment can turn into a fortune and back again at the speed of an eccentric billionaire’s tweet.

Yet the backbone of cryptocurrency — blockchain technology — could soon be a very important part of the healthcare industry. Although best known for its association with cryptocurrency, opaquely named blockchain is actually a novel type of data-storage architecture with many potential applications.

Invented in 2008, the technology involves recording data in...

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