Blockchain for healthcare: How CIOs should be approaching it

Blockchain technology, with its features of immutability, peer-to-peer exchange, and chronological verification, has the potential to solve real-world problems in healthcare. However, the technology is still emerging, and many healthcare organizations are still in the learning phase. CIOs should navigate challenges such as competition, technical issues, and privacy concerns, while also being cautious of hype and making sure that blockchain is the right solution for their specific use cases. It is important to take incremental steps, collaborate with other industries, and participate in pilots to understand the technology better before making significant investments.