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Beyond Bitcoin: The Benefits of Blockchain in Healthcare Technology

Written By: Kelly Buckman As we’ve seen time and again, many of the latest trends in Healthcare technology today come from the business sector, including Artificial Intelligence (AI), Internet of Things (IoT), and Big Data, to name just a few. So, it comes as no surprise that one of the newest up and coming advances in Healthcare IT involves a way of structuring data that has its roots in the digital currency market. Best known for being the public ledger for all transactions in the Bitcoin (cryptocurrency) network, blockchain is a “distributed and a write-once-read only record of digital events in a chronological order that is shared in a peer-to-peer network”. [Bitcoin or cryptocurrency is a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit. It is not issued by any central authority and is immune to government interference or manipulation.] Because it is a data structure that can be time-stamped and signed using a private key ...