Blockchain technology is necessary for long-term success in the healthcare industry as it becomes part of prominent networks.
While blockchain technology is still relatively new to the healthcare industry, commercial implementation is taking place. Credentialing healthcare professionals, billing, and personal healthcare records are among the areas in the highest demand for the technology for unmet industry needs.
“It’s time for progressive healthcare companies to start shifting focus from ‘what is blockchain?’ to ‘where I should invest in blockchain?’. Considering most blockchain projects and vendors’ solutions are at an early stage, it is essential for healthcare buyers to undertake a thorough assessment to invest or engage with most promising options,” says Kamaljit Behera, transformational health industry analyst at Frost & Sullivan, and author of the report. “This is exactly what our current research study aims to answer to help healthcare industry stakeholders make informed decision making.”