Why Blockchain Needs To Get Involved With The Health Sector

Blockchain technology wasn’t just created for cryptocurrencies and crypto mining, although many of you might think so. 

Blockchain tech promises to be so much more than just the backbone of crypto. We already know that it has the capacity to change the financial world. On top of this, we have seen many examples of how blockchain can alter the world of transport and logistics as we know them.

Furthermore, the technology is already making an impact on the education sector and is even making waves on a regulation level, it’s safe to say blockchains potential is massive. 

But there’s one sector we haven’t mentioned yet, healthcare.

This is a sector that desperately needs help in one way or another. Especially when you look to third world nations but even the National Health Service in the UK could benefit from the blockchain.

Some benefits of blockchain in the healthcare sector include supply chain management, the authentication of medications and so on. There’s even use for it for secure storage of medical records and messages. 

Many traditional technologies within hospitals and health centres would benefit from a blockchain overhaul. Furthermore, it would be sure to make processes much more efficient, far more cost-effective and even more secure than it already is.

One of the first major hospitals in the world to start exploring blockchain technologies is the Massachusetts General Hospital.

This came in an announcement that revealed a joint partnership between the American hospital and MediBloc, a South Korean-based blockchain company that primarily looks into building on blockchain solutions for storage of patient data from providers.

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