Let’s face it: there’s not a lot of good news coming out of the healthcare industry. From Nigeria to New York City, from Sydney to Saskatchewan, there are some alarming trends that require innovative solutions.
Health records are a mess. Entire nations lack adequate medical supplies. Wait times are universally outrageous. Some doctors don’t know what the heck they’re doing.
And then there are the costs.
There’s no cure-all for these problems. Healthcare is inherently messy, and we have to accept some level of disappointment at its inefficiency. But we must also acknowledge those who are using new technologies like blockchain to sow the seeds of change.
Blockchain-powered solutions aren’t exactly ready to go, but mergers and investments in the space suggest that fragmented administrative processes could merge into a single blockchain-powered platform. Healthcare records are a necessary evil, but they’re horribly mismanaged and highly fragmented. Consolidating these records on a distributed ledger would provide easier, secure access for patients and caregivers.
Blockchain implementation in healthcare has been sluggish to put it mildly. But truly impactful change rarely happens overnight. And many of the negative trends in healthcare suggest that with proper time and financial investment, blockchain could fill some of the cracks in the industry’s foundation.