Blockchain disruption in healthcare industry: Case studies, challenges and way forward

Blockchain technology has emerged as a transformative force in various industries, and healthcare is no exception. The health care industry can unlock possibilities that were never even seen before since blockchain revolutionized the way this industry operates, offering unparalleled advancements in its procurement, patient services, research, and medical diagnosis. This white paper explores the potential of blockchain to disrupt and revolutionize the healthcare sector, focusing on its impact on data security, interoperability, supply chain management, and patient empowerment. Furthermore, it embarks on an in-depth study of the use cases and benefits of implementing blockchain in the healthcare industry and seeks to understand its adoption through different real world case studies. As Blockchain becomes increasingly popular today it becomes important to analyze its benefits and enable it to permeate the health care industry sustainably. The transformative journey into Blockchain has not been tapped fully and comes with a plethora of implementation and adoption challenges. This research paper also identifies the challenges faced in implementing this technology and seeks to find a way forward for this disruptive technology. Ultimately, this research paper concludes that the benefits that accrue from blockchain outweigh the challenges and encourages greater adoption of blockchain technology in healthcare due to the innumerous benefits it offers.