Prospects for Using Blockchain Technology in Healthcare: Supply Chain Management

Abstract

Blockchain technology radically transforms resource management mechanisms at any level and scope of activity, making them highly productive, perfect, and efficient. The purpose of this paper is to consider the prospects for the application of blockchain technology in healthcare for the supply chain management. The essence of the blockchain as a systematized database stored on more than one server corresponds to the tasks of modern healthcare. An additional advantage is the accumulation of information in information blocks, which allows creating chains of interdependent blocks that are duplicated on all computers in the system. Based on the analysis of scientific literature, the paper explores the concept of blockchain and identifies the benefits of blockchain technology for healthcare. Based on the expert survey, the authors have identified the stages of the supply chain management process using blockchain technology in healthcare and presented the possibilities of blockchain technology in supply chain management in healthcare. The study concludes that blockchain technology will transform the healthcare system, not only bringing transparency into the supply chain management process but also improving the safety of healthcare.