Blockchain technology has the potential to revolutionise healthcare by enhancing data security, interoperability and transparency. It offers solutions to long-standing challenges such as data breaches, supply chain inefficiencies and clinical trial fraud. However, significant hurdles remain, including scalability, data standardisation, regulatory compliance and adoption by legacy systems. And whilst blockchain promises to empower patients and improve efficiency, its success depends on overcoming these systemic challenges and fostering global collaboration.
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Blockchain in the healthcare sector
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Blockchain technology has the potential to revolutionise healthcare by enhancing data security, interoperability and transparency. It offers solutions to long-standing challenges such as data breaches, supply chain inefficiencies and clinical trial fraud. However, significant hurdles remain, including scalability, data standardisation, regulatory compliance and adoption by legacy systems. And whilst blockchain promises to empower patients and improve efficiency, its success depends on overcoming these systemic challenges and fostering global collaboration.