Blockchain Technology in Healthcare Industry

Abstract

Blockchain is one of the most growing technologies that is playing a vital role in the professional world today. Blockchain is the technology that is going to revolutionize many industries in the future including healthcare. It is simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Blockchain is used as a backbone for many industries such as cryptocurrencies, bitcoin, and many more. Although its capability and application have to be extended far beyond. The objective of blockchain is to allow digital information to be recorded and distributed, but not edited. In the last couple of years many industries finding new ways to implement blockchain technology with a wide range of domains. And this sudden increase in technology also provided many new application opportunities, including financial services, smart contracts, energy trading, supply chain, healthcare, etc. In this paper, we know briefly about blockchain technologies and some of their applications. We also show how blockchain is going to revolutionize the healthcare industry in the future.