Roots Analysis

Blockchain Technology – A new Paradigm in Data Storage and Maintenance

Over the years, the blockchain technology also referred to as distributed ledger technology has proven to be a versatile tool for decentralized monetary transactions and data exchange in various industries, including healthcare. Several stakeholders in healthcare have adopted blockchain for various operations, including maintenance of patient records, while ensuring privacy and security as the records are stored on a network, recruiting patients for trials and providing transparency and traceability in the supply chain.

Gradually, blockchain technology has disclosed unprecedented opportunities in this sector by unlocking significant advantages.

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