According to a PwC Health Research Institute survey, about half of the responding executives say they’re planning to develop or adopt blockchain technology in their organization, HealthITAnalytics reports.
The survey gathered data from 74 global health companies.
Despite the surge in popularity, there remain significant concerns about the technology with 47 percent of executives saying a lack of trust is among their top hangups.
The survey also found broad concerns over:
- Lack of blockchain skills;
- The technology’s decentralized nature;
- Regulatory uncertainty; and
“Healthcare organizations run on many complex, data-intensive, slow, manual processes, often performed by intermediaries who handle data and trust mechanisms,” the survey’s authors state. “Blockchain could simplify and automate these processes, in some cases saving companies weeks of effort, revenue and lost opportunities. Companies that are slow to change may lose out to ones that use the technology to cut costs and increase efficiencies.”