Blockchain technologies could be applied in the health industry in a scalable manner with high-impact results, such as improved welfare for patients and reduced running costs for healthcare systems.
There are some interesting dynamics when it comes to personal data in the healthcare services. On the one hand, people want security and privacy where their medical information is concerned. Most domiciles have put in place regulation in law that governs how personal information can be shared, used and stored, such as the GDPR in Europe. The average consumer would want to know who has accessed their medical information and under what circumstances. Blockchain could provide an immutable record of who looked at a patient’s medical records, how often, and with what authorization.