How Blockchain Could Transform Data and Payments in U.S. Healthcare
Advocates argue that blockchain technology, with its core attributes of decentralization, security, transparency, and immutability, offers promising solutions to some of the challenges facing the U.S. healthcare system. Originally developed for cryptocurrency transactions, blockchain’s potential extends far beyond finance, providing a secure way to manage and share data across distributed networks. This capability is particularly relevant to a healthcare sector burdened by fragmented information systems, data security concerns, and inefficient payment processes. The U.S. healthcare system faces numerous issues, but one of the most pressing is the management of patient data. Information is often scattered across different providers, sometimes even across states, making continuity of care