Blockchain Technology Application in Health Care Systems Market: Repository of Analysis and Information for Every Facet of the Market 2017 - 2025
Blockchain is defined as a distributed system that has the potential to transform health care system by recording and storing transaction data. Blockchain technology provides security, privacy, and interoperability to health care data. It relies on established cryptographic techniques to allow every individual in a network to interact without preexisting trust between partners. The blockchain technology is designed in such a way that there is no involvement of central authority, instead, records are kept and distributed across all the participants of the network. Blockchain technology acts as a health information exchange system that helps to eliminate the friction and cost of current intermediated. Blockchain technology works as a decentralized controller that eliminates the risk of main controller. With a centralized database, anyone can access the system and destroy or corrupt the data. Limited access to population health data and increase in number of deaths due to consumption...