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Blockchain is a form of distributed ledger technology (DLT), offering decentralized, immutable, and transparent financial and data transactions. As such, introducing blockchain in healthcare practices can benefit nearly all the aspects of the medical industry. From research, auditing, supply chain management, and medical records to patient confidentiality, treatment plans, and insurance. To discover what a future of Web3 healthcare might look like, read on!
The traditional healthcare field is beset by systemic issues. Specifically, there is a huge lack of data transparency in clinical research worldwide. This opens the door for corruption, fraud, and administration errors to occur. Moreover, the healthcare industry is fragmented and communication between researchers, analysts, patients, and medical professionals could be drastically improved by the use of blockchain technology.
