Blockchain technology has drawn a lot of attention to business and investment, but in the healthcare industry, it is yet to attain its full potential. The Blockchain technology comes with a demand for revolutionary and evolutionary changes that are yet to take effect in the healthcare sector. High-quality care is the objective of health facilities and coupled with the added advantage of affordable costs that lead to service delivery that is focused on the patient.
Blockchain technology refers to the list of linked digital records. Each record is stored after verification by each network participant, based on preset rules. It provides industries with the benefit of making processes more efficient while removing intermediaries. It also makes it possible to collect, store and analyze data on a large scale. In the healthcare industry, this means that patients’ data will not only be permanently available, but its access will only be by trusted and authorized people. While information can be added to the data, deleting or copying is impossible.