Tokenization Of Healthcare Data Could Revolutionize The Industry’s Future

According to figures from PwC, the connected health market is expected to be worth $61B worldwide by 2020. A further report from the Transparency Market Research suggests that by 2025 the global digital health market will hit $536.6B.

Yet, while this presents a major opportunity for the industry, people need to have confidence in sharing their health data. And that’s where the blockchain comes in.

Swiss-based HIT Foundation, who is exploring the tokenization of health data, are of the opinion that the use of the blockchain may help transform the healthcare industry.

As healthcare costs continue to rise, the traditional top-down approach by...