Blockchain is Back: COVID-19 Highlights Healthcare Use Cases
November 17, 2020
Once a victim of Gartner’s infamous “hype cycle,” blockchain technology has begun to demonstrate its value in healthcare as a handful of important use cases have become apparent in the wake of the COVID-19 pandemic.
In general, blockchain is most appropriate for use cases that need real-time access to critical information from trusted sources, primarily as a result of blockchain’s ability to promote trust, transparency and privacy in data-sharing.
As most industry data-sharing practices stand today, it is very difficult to obtain actionable information with confidence, due to false positives, duplicate records and privacy issues. Further, a reluctance on the part of much of the healthcare industry to share data as a result of privacy, trust and competition concerns also erodes healthcare transparency.