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Blockchain technology has the potential to change the healthcare industry, but without needed adjustments, it wouldn’t be possible.
Over the past decade, blockchain has surpassed the hype realm into a real transformative solution for industries. Several companies are investing billions of dollars on the network; it topped LinkedIn’s list of in-demand hard skills in 2020, and articles about its potential are now littered on every finance blog. Ask those who had experienced the early internet days, and they will certainly have a lot to tell you about the feeling of deja vu that has diffused the tech space.
Mainstream maximalist circles have touted blockchain as the magic solution for many industries — healthcare probably being the neediest. Forbes’ report revealed that up to 112 million healthcare data records were either stolen, lost or compromised in 2015. While there’s no telling how many wrecks this has caused, healthcare data is delicate, and every solution must be examined carefully.
Of course, blockchain’s potentials could unlock a different side to medicine and bring solutions to age-long problems in the profession. On the other hand, a lack of proper understanding of the pitfalls could massively hinder the potential locked up in this partnership. Let’s highlight four crucial drawbacks to adopting blockchain in healthcare.
Over the past decade, blockchain has surpassed the hype realm into a real transformative solution for industries. Several companies are investing billions of dollars on the network; it topped LinkedIn’s list of in-demand hard skills in 2020, and articles about its potential are now littered on every finance blog. Ask those who had experienced the early internet days, and they will certainly have a lot to tell you about the feeling of deja vu that has diffused the tech space.
Mainstream maximalist circles have touted blockchain as the magic solution for many industries — healthcare probably being the neediest. Forbes’ report revealed that up to 112 million healthcare data records were either stolen, lost or compromised in 2015. While there’s no telling how many wrecks this has caused, healthcare data is delicate, and every solution must be examined carefully.
Of course, blockchain’s potentials could unlock a different side to medicine and bring solutions to age-long problems in the profession. On the other hand, a lack of proper understanding of the pitfalls could massively hinder the potential locked up in this partnership. Let’s highlight four crucial drawbacks to adopting blockchain in healthcare.