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How is blockchain impacting the healthcare industry?
Blockchain as a technology has become quite a popular phenomenon today. Dubbed as one of the revolutionary inventions of the 21st century, the blockchain technology has gradually disrupted almost every other industry on the planet, and the healthcare sector is no exception.
Improving drug traceability
After the first stage of the drug manufacturing process, the production stocks are transferred to the wholesale distributors who then transfer it to the retail companies that eventually sell it to the consumers.
Patient data management
Healthcare systems around the world have witnessed many high profile cyber-attacks over the last few years.
Clinical trials
Pharmaceutical companies spend in billions on clinical trials and a non-conclusive outcome may result in huge losses to every party involved in the process, right from the investigator to the consumer.
