A Compendious Study on Blockchain Technology in Healthcare Systems

The advancement in blockchain technology has paved path to the development of various sectors that are curious in its potential. Some of these include government, energy, finance, and health. Privacy and data confidentiality are some of the most critical concerns that people have when it comes to the storage of their medical data. The development of a technology platform that can provide a secure and smooth communication system for healthcare organizations is very important. Most developers are drawn to blockchain due to its immutability, distributed ledger, and decentralization. Its potential to allow the safe storage of medical records has led to its widespread adoption. The paper describes a healthcare system that can allow patients, doctors, pharmacists, and insurance providers to communicate securely. It compares this to existing systems and discusses the potential work areas for future developments