While blockchain has been dubbed a potentially revolutionary force in the health care industry, there remains no shortage of obstacles facing the relatively new technology.
Experts during the Blockchain Healthcare Summit, according to a MedPage Today report, said blockchain offers a robust solution to data storage, sharing and protection.
“If you were to do something from scratch, you would do it on blockchain,” Kadena’s Ben Jessel said.
According to the report, some countries, including Estonia and Australia, have implemented blockchain to both manage health care data and facilitate transactions among patients, providers and government insurance initiatives.
But red tape is reportedly blocking the technology from reaching its full potential, namely with obstacles such as the Health Insurance Portability and Accountability Act.
To read the full article on MedPage Today, click here.