Can Blockchain Technology in Healthcare Solve the Trust Crisis?
Introduction
Today's healthcare sector is besieged by a chronic trust crisis. Patients often find themselves doubting the safety of their sensitive healthcare information, whereas institutions find it difficult to demonstrate transparency in insurance claims, billing, and pharmaceutical authenticity. Information breaches have started occurring at disturbingly high intervals, thereby nourishing distrust for the safety of electronic health platforms. Blockchain, a decentralized and tamper-proof ledger system, is poised to be a revolutionary force in solving these issues. Through its provision of increased security, transparency, and interoperability, blockchain technology in healthcare has the potential to revolutionize the sector and restore trust among patients, providers, and stakeholders.