Though relatively immature, blockchain solutions in healthcare are beginning to demonstrate returns on investment, according to a Global Blockchain Technology Market in the Healthcare Industry report.
In the report, market analysts evaluated 250 vendors to understand their blockchain products, solutions or projects. The goal was to see which initiatives were functional and were designed for the healthcare industry.
Blockchain technology aims to provide a timely solution to mitigate some of the most pressing needs in healthcare, centered around building trust and security within digital workflows. Within the healthcare industry, blockchain projects are transforming from proof of concept pilots to select business-to-business commercial products, which are showing a return on investment for early adopters, including health insurers, providers and pharmaceutical companies.
With the technology now demonstrating a return on investment, companies that have waited to jump on board will begin to do so. In turn, a blockchain network will be formed for the healthcare space.
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