AMA: 5 ways blockchain may reshape healthcare

Jessica Kim Cohen - Print  | 

Although developers are still searching for the best use for blockchain in healthcare, a few promising use cases have emerged, according to a blog post from the American Medical Association.

Blockchain describes a permanent and decentralized ledger of online transactions or exchanges. Unlike a traditional database that is centrally located and maintained by one party, a blockchain record is shared among a network of users.

"We still haven't had a 'killer' application yet," Conrad Barski, MD, founder and CEO of Forward Blockchain, said at a recent panel discussion hosted by the AMA. However, he noted the emergence of a "killer" blockchain app will likely "cause a domino effect."

Here are five of the most promising and practical uses for blockchain in healthcare, according to the blog post:

1. "Smart" contracts

2. Supply chain processes

3. Physician credentialing

4. Peer-to-peer data exchange

5. Proof of work

To read the AMA's blog post, click here.

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