BENEFITS OF
BLOCKCHAIN TECH IN THE HEALTHCARE INDUSTRY
FASTER TRANSACTIONS Blockchain transactions can reduce transaction times to minutes, and are processed around the clock.
CONSISTENT DATA Blockchain data is complete, timely, accurate, and widely available, making for high-quality information whenever needed.
EMPOWERED USERS Information and transactions are usercontrolled, bringing the power where it should be.
LOWER TRANSACTION COST Blockchain technology has the potential to reduce transaction fees by eliminating third-party intermediaries.
DURABILITY & RELIABILITY Blockchain technology is better able to withstand any malicious attacks due to decentralized networks.
SIMPLIFICATION With all transactions being added to a single system, it reduces clutter and complication. Source: Deloitte