Big things ahead for blockchain in healthcare, new report shows

A new study from CB Insights suggests that blockchain technology has great potential in the healthcare industry, but it is still in its early stages. Implementing smaller blockchain projects that do not involve patient data can help healthcare organizations prepare for larger tasks, while also reducing costs and streamlining data. Blockchain has the ability to enhance privacy, interoperability, and security in healthcare, and can be applied in various use cases such as credentialing, data sharing, and supply chain management. While healthcare executives are expressing interest in blockchain, the industry has not yet embraced it fully. However, the number of patents mentioning blockchain for healthcare applications is increasing, indicating growing interest and potential for the technology. The report suggests that unlocking the full potential of blockchain in healthcare will be a slow process, and understanding when to use centralization versus decentralization will be crucial.