Blockchain Applications in Healthcare

11Healthcare Research Using Blockchain Technology: A Future Perspective

Blockchain has expanded from the cryptocurrency world to the medical field. The significant issues associated with handling the volume of data present in the medical industry are also addressed by this technology, in addition to security. The processing of vast amounts of data and security are the industry’s two biggest challenges. In terms of handling electronic health records, medical personnel credentialing, IoT-enabled healthcare monitoring, counterfeit pharmaceuticals, managing pharmaceutical supply chains, etc., Blockchain has offered a fantastic solution. In each of these areas, Blockchain can be of great help to the medical sector. This study examines how Blockchain technology is being used in the aforementioned categories of the healthcare industry and the difficulties encountered.

11.1. Introduction

The enormous economic sector that deals with data processing, analysis and other data-related activities is the healthcare sector. Because it can handle massive amounts of data and analyze it effectively, Blockchain technology has greatly improved the medical industry. The processing of vast amounts of data and patient data security are two issues that medical data must address. A group of computers that are not owned by a single company administer a time-stamped collection of permanent data records known as a Blockchain. This data is organized into blocks that are connected to one another and protected ...