A way far top to HL7-FHIR, Blockchain technology is a game-changer with the potential to impact not one or two industries, but the complete landscape of how business is done.
The key players for blockchain adoption will be regulators, industry groups and market makers. Managing and securing data within healthcare and supply chain management are two great examples of principal concepts influencing and being impacted by possible blockchain adoption:
- Healthcare: Better data sharing between healthcare providers means a higher probability of accurate diagnoses, more effective treatments, and the overall increased ability of healthcare organizations to deliver cost-effective care. Blockchain technology can allow various stakeholders in the healthcare value-chain to share access to their networks without compromising data security and integrity, by allowing them to track data provenance as well as any changes made.
- Supply Chain Management: One of the most universally applicable aspects of blockchain technology is that it enables more secure and transparent monitoring of transactions. With blockchain, the transactions can be documented in a permanent decentralized record — reducing time delays, added costs and human errors.