Barriers and Benefits of Blockchain Adoption in the Healthcare System
Kuldeep Pal, Mukesh Kumar
Abstract
Healthcare is one of the many areas where blockchain has been employed to provide innovative solutions. A blockchain network is used in the healthcare sector to store and distribute patient data across hospitals, diagnostic labs, pharmaceutical firms, and physicians. In the medical sector, blockchain applications may accurately identify major mistakes, even ones that might be fatal. In this chapter, we looked at blockchain technology and its important advantages for the healthcare industry. The use of infographics explains how blockchain technology's many capabilities, enablers, and unified productivity processes may aid global healthcare. Finally, the chapter lists and discusses various important blockchain applications for healthcare. Blockchain efficiently combats clinical trial fraud, and this technology has a likelihood to improve the accuracy of data for patients. By providing a distinctive retention layout with the greatest level of encryption, it might lessen concerns about healthcare information being compromised. It provides flexibility, connection, responsibility, and data access authorization. Health records ought to be kept safe and private for several reasons. Blockchain helps physicians and hospitals avoid certain risks and offers autonomous safeguards for information.