Viewpoint: How blockchain is benefiting healthcare

Mackenzie Garrity - Print  | 

Within the healthcare industry, blockchain is being used to ensure privacy while also improving data management.

Garratt Hasenstab, the president of The Mountain Life Companies, wrote for for Forbes that blockchain is being leveraged in healthcare. As a blockchain expert, Mr. Hasenstab sees the potential blockchain has to change the industry.

Blockchain has the opportunity to transform the healthcare industry by securely maintaining and distributing patient data, according to Mr. Hasenstab. If implemented, clinicians could be assured that patient data is up-to-date and stored securely.

In the pharmaceutical sector, MediLedger is testing blockchain as a secure platform to trace prescription drugs. By using blockchain, the initiative is tracking prescriptions from the manufacturers to patients' doorsteps.

Additionally, Orderly Health and BurstIQ have teamed up to develop a provider data management platform that is run on blockchain technology.

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