How can Blockchain help the Healthcare Industry?
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Blockchain technology is poised to address significant challenges in the healthcare industry, including data inaccuracies and security breaches. By 2027, the blockchain market in healthcare is projected to reach approximately USD 8.36 billion, with 90% of stakeholders optimistic about its potential to resolve existing issues. Organizations like SimplyVital Health and Coral Health are leading investments in blockchain solutions for healthcare.
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How can Blockchain help the Healthcare Industry?
- 1. How can Blockchain help the Healthcare Industry?
- 2. Challenges of the Current Healthcare System • Misleading information of healthcare data • Misuse of data and manipulated prices • Resulting in delays in the supply of drugs
- 3. Ways Blockchain Solves these Hurdles • Security • Maintenance • Universal Access • Data Integrity
- 4. By 2027, Blockchain in Healthcare is Estimated to Reach USD 8362.01 million. 2021 2020 North America Europe Asia Pacific South America Middle East and Africa 2022 2023 2024 2025 2026 2027
- 5. Key Stats about Healthcare Data Records • Inconsistency 40% of Healthcare data records are loaded with error information • Lack of Security Estimated healthcare data breach can cost upto $408 per record
- 6. Opinion • 90% of the medical group managers and IT professionals believe that blockchain eliminates the existing challenges rapidly. Implementation • Top companies like Simplyvital Health, Coral Health Research & Discovery, Robomed have invested in blockchain so far and more are expected to follow suit.