Blockchain Applications in Healthcare

3Blockchain-based Platforms for the Healthcare Industry

Blockchain technology is an emerging and promising technology, and studies conducted on Blockchain technology have shown a spurt. Some characteristic features of Blockchain, including transparency in data handling, better security insurance, open-sourcing, tracing and decentralization, make it a suitable innovation for undertaking the data imbalance issue in close to personal benefits announcing exchanges. A few efforts have been made at incorporating Blockchain technology in numerous business applications. Blockchain technology promises a decentralized trust giving an alternative to centralized data management and storage in the computerized or the digital environment. With the better and advanced models storage, tracking and management of payment systems and others, a significant change can be brought in the various industries and services. However, other than the decentralized storage property, Blockchain technology offers much more valuable propositions such as much more advanced and innovative investment models and crypto-economic currencies, radically new types of advanced models for governance which can generate further development in the age where digital platforms and business interactions have multi-stakeholders. Blockchain technology is a decentralized distributed digital ledger and is capable of transforming the underlying operating system that will administer the way our cities will function in the future. ...