BLOCKCHAIN REVOLUTIONIZING HEALTHCARE: AN ORGANIZED ANALYSIS OF THE OPPORTUNITIES AND OBSTACLES OF BLOCKCHAIN TECHNOLOGY
J.Perarasu
Paper Contents
Abstract
In recent years, the medical field has seen a notable increase in the use of blockchain technology. Enhancing interoperability between healthcare institutions is the value proposition of utilizing the technology of blockchain. Healthcare is a statistics-intensive industry due to the constant generation of large amounts of health data. Various healthcare actors must gather, preserve, and exchange this data for a variety of uses, including evaluation, reporting, team research, and individualized medical care. However, there are several issues with the healthcare industry's current data storage and exchange systems, including interoperability, data security, and patient privacy. The potential application of blockchain technology to address some of these issues in the healthcare sector has recently drawn attention from the industry and scientific communities. Secure and effective health data exchange is thought to be made possible by blockchain technology and smart contract support. This is because of its special qualities, which include transparency, immutability, traceability, decentralization, and trust lessness. Examining the advantages and risks of blockchain technology as a disruptive innovation in the healthcare industry is the goal of this article. To discover prospective issues and uses of blockchain technology based on its present implementations, studies were undertaken to analyse current blockchain applications. This study of the literature identifies research gaps and the need for further blockchain investigations, especially in the field of healthcare.
Copyright
Copyright © 2025 J.Perarasu . This is an open access article distributed under the Creative Commons Attribution License.