Early adopters of enterprise blockchain technology have benefited from the efficiencies generated by novel technologies. It sets us on the right course to feel optimistic about the future of the blockchain industry, particularly within the financial services and healthcare markets.¬†This interesting information came to our attention from Ledger Insights in their article, “The evolution of blockchain, smart contracts & its role in data distribution.”

The next year looks good for blockchain technology. Within institutional finance, it will play a critical role in improving speed, efficiency and transparency while correcting complex financial market infrastructure problems. 

With its ability to deflate the current spending bubble, protect patient data and improve overall experience, using blockchain in healthcare is helping to ease the pain. The technology is already being used to do everything from securely encrypt patient data to manage the outbreak of harmful diseases.

Keeping our important medical data safe and secure is the most popular blockchain healthcare application at the moment, which isn’t surprising. Security is a major issue in the healthcare industry. 

Melody K. Smith

Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.