Along with machine learning, artificial intelligence, and the Internet of Things, blockchain has rapidly risen to become one of the healthcare industry’s most talked-about technologies.
The distributed ledger methodology promises to create an unprecedented level of accuracy, privacy, and security for healthcare stakeholders, offering an innovative new way to ensure robust data integrity while giving patients more control over their own data.
While few organizations have yet operationalized blockchain technology for healthcare applications, the approach has the potential to reduce or eliminate many of the most significant challenges of health data management: data siloes, patient consents, data ownership, information governance, and the reconciliation of conflicting changes from multiple sources.