AN IN-DEPTH ANALYSIS OF THE IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY IN THE HEALTHCARE INDUSTRY
Keywords:
Healthcare, Artificial Intelligence, Cloud Computing, Blockchain Technology Sustainability, Implementation, Computers, OrganizationAbstract
The blockchain is quickly being recognized as one of the most potentially useful technologies, drawing the attention of several academic researchers as well as industry. In a white paper released in 2008, Satoshi Nakamoto initially proposed this concept. To safely record transactions between users on a peer-to-peer network, this decentralized, distributed, and irreversible ledger is employed. A distributed ledger is its very definition. Bitcoin is the pioneering use of blockchain technology to cryptocurrency, and the technology that supports it is Blockchain 1.0. Smart contracts, which are pieces of code produced, executed, and documented in the distributed ledger, are part of Block Chain 2.0. Blockchain 3.0, the next iteration of this decentralized ledger system, is designed primarily for usage in non-financial contexts, such as in the public sector, the energy sector, the healthcare sector, and so on. The healthcare industry is one of the many areas where this technology has been adopted by a number of companies and put to use.
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