How is the Blockchain Technologyaiding the Transformation of Healthcare?
The Indian healthcare system today is surely facing tremendous growth and development, but along with it comes immense challenges and hassles. Be it the onerous data sharing or complex management procedures, the advancements are increasing the pressure on the healthcare providers to control costs and continue providing quality healthcare to patients. In recent years, the healthcare industry has experienced a paradigm shift from manual paper-based solutions to digital healthcare solutions driven by the development of technology-based innovations like AI, Virtual Reality, and IoT. However, one of the novel technologies that is gaining momentum and catalyzing healthcare industryis the Blockchain technology. It holds a massive potential to transform and revolutionize healthcare in myriad ways. Understanding the Functioning of Blockchain A Blockchain is a decentralized, secure database that stores information as blocks of data. It is similar to a digitalized public ledger of cryptoc