When people think of blockchain technology, in many cases, exchanging cryptocurrency is often the first thing that comes to mind.
However, blockchains can be used for far more than simply trading bitcoins. In fact, there are many companies that are looking at this relatively new technology as a way to improve efficiency and transparency.
Retail giant Walmart, for example, is experimenting with a way to use this distributed database to make sure that tainted food products stay out of the hands of the general public.
Wonder Woman VS. Batman
Our first contestant is none other than Gotham City’s very own Batman. As a boy, millionaire philanthropist Bruce Wayne witnessed the horrific murder of his parents and as a result dedicated his life to fighting crime in a tailor made bat costume, to conceal his true identity. Unlike other heroes, Batman doesn’t have any superpowers. Instead, he relies on martial arts training, his detective skills, and an arsenal of gadgets to defeat evil doers.
In the other corner, we have Princess Diana of Themyscira, Daughter of Hippolyta who is better known as the superhero Wonder Woman. When she isn’t busy fighting crime, Wonder Woman uses her secret identity Diane Prince who is a former Army nurse turned military intelligence officer. Along with her superhuman strength and speed, the Amazon Princess uses her Lasso of Truth and indestructible tiaras to battle the likes of Cheetah and Aries.
Now that we have introduced our two heroes, it’s time to determine which one would stand to benefit more from the use of blockchain technology. Let’s take a look at three crucial categories and see who definitely needs a Ledger Nano S in their arsenal.
Blockchain Technology and Medical Records
Healthcare: 2017’s most hotly contest debate. While the discussion has largely been within the insurance industry and the repeal of Obamacare–also known as the ACA–other issues have become glaringly obvious. Costs surrounding healthcare have soared, owing to a variety of factors. Without question, though, issues existed prior to the adoption of Obamacare.
The digital age presents further challenges in the healthcare industry. Navigating the technological healthcare waters is daunting, to say the absolute least. As many doctors offices, hospitals, and specialists move towards the digitization of medical records, huge issues have begun to arise. Even if a patient participates in the digitization of her medical records, because there’s no standard network, she may not always be able to easily track down her own information. This ultimately leads many feeling like they do not have control of their own medical records.
Unfortunately, a slew of recent assaults on corporations housing containing personal data have occurred. A requirement to fix the healthcare industry exists–and fast. In order to address these complex problems, medical professionals and policymakers alike have turned towards blockchain technology.
The Benefits of Blockchain in Healthcare
The healthcare industry is currently set to face a massive overhaul. With change knocking on the doorstep, it really begs the question: how will technology have its hand in shaping this transformation? While many answers have been asserted none look more promising than blockchain technology. This new technology has professionals excited about how it can revolutionize data stored by healthcare providers.
Currently, the flow of information within the industry is largely controlled by middlemen. These middlemen often come in the form of insurance providers, who take a profit for their services. Thanks to the addition of a go-between, inflation exists in the cost of healthcare for consumers. Oftentimes, it doesn’t provide the highest quality services, or really even quality services.
Blockchain Provides Huge Strides in Healthcare Data
When it comes to healthcare reform, only one thing is certain: it’s going to be a tall task to complete. The recent change in administration has led to examination of current insurance healthcare data systems. Healthcare is poised to change, thanks to both the White House and Congress. This leaves the industry left with the question of how it is going to adapt to the rapidly changing healthcare environment.