A Blockchain-Based Approach to Revolutionizing Healthcare

Abstract

Recent developments in blockchain technology have made it an increasingly interesting subject of research. In addition to financial applications, many studies are being conducted to explore its potential outside of this realm. The healthcare sector is one of the most relevant fields where blockchain has the potential to have a major impact. There have been rapid advances in blockchain implementation and understanding, particularly in this field in recent years. With superior privacy capabilities, blockchain technology is an excellent tool to deliver information and services in the healthcare sector. While these developments are a positive sign, a few issues still need to be addressed in order to make a significant difference. The chapter discusses key fundamentals of blockchain technology, potential applications in several fields of health care, obstacles to the adoption of blockchain technology, as well as the concerns it aims to alleviate in the healthcare industry going forward.