Mastering Blockchain - Second Edition

Health

The health industry has also been identified as another major industry that can benefit by adapting blockchain technology. Blockchain provides an immutable, auditable, and transparent system that traditional peer-to-peer networks cannot. Also, blockchain provides a cost-effective, simpler infrastructure as compared to traditional complex PKI networks. In healthcare, major issues such as privacy compromises, data breaches, high costs, and fraud can arise from lack of interoperability, overly complex processes, transparency, auditability, and control. Another burning issue is counterfeit medicines; especially in developing countries, this is a major cause of concern.

With the adaptability of blockchain in the health sector, several benefits ...