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Blockchain in Healthcare: Everything You Need To Know

  • Blockchain technology is gaining attention in healthcare as a solution to prevent mistakes, missing files, and delays in information by providing a secure, reliable, and decentralized system for storing patient data.
  • Blockchain functions as a digital ledger that locks data in blocks, making it permanent and tamper-proof. Its decentralization prevents fraud and tampering, ensuring the integrity of medical records shared across a network of computers.
  • Healthcare systems are currently plagued by disjointed records and outdated communication tools, leading to delays and errors. Blockchain can consolidate patient data into one secure source that is accessible to all involved, enabling quicker, more accurate decision-making.
  • While blockchain technology is already being implemented in healthcare, challenges such as complexity, cost, legal compliance, and system compatibility need to be addressed for it to be seamlessly integrated and maximize its benefits.

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