Impact on healthcare
Compared with the industries previously discussed, healthcare is the one with the most potential to be disrupted by blockchain. Although it has the most exciting and advanced real-world use cases to enhance its operations, blockchain will not be a cure-all for the entire industry. Let's look at some of the issues associated with the current healthcare system.
- The healthcare industry is drowning in data – clinical trials, medical research, patient medical records, complex billing, sensor data of medical equipment, and more (https://www.forbes.com/sites/bernardmarr/2017/11/29/this-is-why-blockchains-will-transform-healthcare/#233b74e1ebe3).
- Federal rules and regulations are making patient health management processes tedious, lengthy, and often very difficult. As a result in many cases, it's not feasible to keep these processes intact as is and still provide effective patient care (https://hackernoon.com/blockchain-in-healthcare-opportunities-challenges-and-applications...