Three-quarters of healthcare execs say they understand blockchain, Deloitte says

Jessica Kim Cohen - Print  | 

The majority of healthcare organizations — 63 percent — say they are planning to invest more than $1 million into blockchain in 2019, according to a Deloitte report.

Deloitte conducted an online survey of 1,053 senior executives from companies with at least $500 million in annual revenue from seven countries — Canada, China, France, Germany, Mexico, the United Kingdom and the United States — between March 26 and April 5 for its global blockchain report.

Eleven percent of respondents were from the healthcare industry — including providers and payers — and 5 percent of respondents were from the life sciences industry, such as biotechnology, medical device and pharmaceutical companies.

Here are four things to know about healthcare and life sciences leaders' attitudes toward blockchain:

1. Fifty-five percent of respondents in these businesses agreed blockchain will cause "disruption" in their industry.

2. An estimated 60 percent of these respondents are worried they may lose a competitive advantage in their market if they don't adopt blockchain.

3. Nearly three-quarters of healthcare executives — 74 percent — identified themselves as "excellent" or "expert" when asked to describe their level of understanding of blockchain.

4. The three industries with the most respondents who said they understood blockchain at the "excellent" or "expert" level were oil and gas (87 percent), food (86 percent), and technology, media and communications (81 percent).

To download Deloitte's report, click here.

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