Blockchain Sees Endless Possibilities in Healthcare Industry – NEWSBTC

The healthcare industry can make use of blockchain technology for various applications, reducing time and costs while ensuring security and privacy.

The use of blockchain technology in healthcare is being mulled upon for a while now. The digital currency technology, with its features like immutability, security, and privacy makes it an ideal candidate to safeguard confidential information.

The healthcare system has so far been using conventional data management and communication methods, provided by a handful of vendors. The vendors of health systems usually follow their own set of information standards, creating challenges when it comes to cross-platform operations.

The emergence of interoperable blockchain platforms for healthcare applications may soon make these challenges a thing of the past. Other potential applications of the distributed ledger technology in health industry include supply chain validation and revenue cycle management.

More at: Blockchain Sees Endless Possibilities in Healthcare Industry – NEWSBTC

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s