Blockchain has the potential to bring significant change to the global health care system, according to a recent opinion piece published on CCN, but challenges still exist.
According to the article by Iyke Aru, the increasingly popular technology can bolster “data and process management, security and information confidentiality (and) public health surveillance … .”
Tokenization, Aru writes, has lead to the creation of “trustless and transparent transactions” that play a significant hand in cutting back on “human influence” that has been blamed for administrative issues.
“Payments, rewards and incentivisation process have also been sanitized using smart contracts, thereby reestablishing trust and building motivation for participants in blockchain settings,” the article states.
To read Aru’s full article on the potential of blockchain technology, click here.