Blockchain Technology – The Right Panacea for the Healthcare Industry

The healthcare industry functions under immense pressure to provide high-quality care to patients, as well as control costs. It is quite difficult for healthcare businesses to be competitive and reduce costs, as the healthcare industry simultaneously evolves along with emerging, disruptive technologies.

Diverse government regulations add additional pressure on the industry, as these regulations try to ensure efficient patient care is the focal point of healthcare providers and all associated stakeholders are in adherence.

Blockchain technology could be the catalyst for change that healthcare needs. It can position patients at the crux of the healthcare ecosystem, subsequently enhancing the security, privacy, integrity, and interoperability of health-related data.

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