Blockchain as a Disruptive Technology in Healthcare and Financial Services - A Review based Analysis on Current Implementations

Abstract

Blockchain is a time-stamped series of immutable records it is managed by a cluster of computers<br> owned by different entities it allows only authorized participants to access data and log of all<br> entries. Multiple industries are adopting blockchain technology to innovate the way they function.<br> over two decades the hospitals function is the same. This space is rife with vertical innovation<br> moreover, are lag with horizontal innovation patient identification and information blocking which<br> is a huge problem in the healthcare industry. With blockchain the healthcare sector can achieve<br> data efficiency, data access flexibility, interconnection, transparency, security, and more. Global<br> economic slowdown has taken a toll on financial services. Forcing Indian companies to expose in<br> the global economy. In the case of finance blockchain help reduce potential costs, labor savings,<br> safe, secure, decentralized, transparent and more. The purpose of this paper is to review the<br> development of blockchain and healthcare, financial services and to provide some references for<br> the possible application of blockchain technology to the healthcare and financial services.<br> secondly, several application scenarios of blockchain in healthcare and financial services are put<br> forward, Finally, the challenges that still exist when applying blockchain technology based on its<br> current implementations in healthcare and financial services.