Healthcare is an industry that is ready for disruption. Blockchain technology can help to revolutionize healthcare by ensuring patient data is not only kept up to date, but also secure and immutable. On a single healthcare network powered by blockchain, medical history can be recorded and shared around the world, assisting healthcare professionals to perform accurate diagnoses for more effective treatment.
Insurance claims can also be processed automatically and quickly, with blockchain able to verify claims via smart contracts. The patient’s health condition and medical history can be verified via the blockchain, with triggers automatically executing the payouts, ensuring trust for both parties and improving efficiency all around.