The use of blockchain platforms could help hospitals and health systems overcome interoperability issues, according to a Global Market Insights report cited by the Cointelegraph.
Additionally, market analysts indicated blockchain could improve the review of medical outcomes and cost components. The blockchain technology in healthcare market is expected to exceed $1.6 billion by 2025.
Along with blockchain's use in healthcare, the adoption of blockchain is anticipated to increase in the financial industry and by government organizations.
More organizations are beginning to use blockchain because of its ability to increase the efficiency of internal processes and cut costs of operations, such as documentation.