There’s a lot of talk about blockchain and how it can support digital transformation strategies in healthcare lately. But, let’s back up for a moment and think about what it really is. Blockchain technology was initially developed to support digital currency, allowing users to hold and make transactions anonymously, in a transparent manner (think Bitcoin!) Harvard Business Review has even stated that blockchain will do to the financial system what the internet did to media.

This innovation can be programmed to record not just financial transactions but virtually everything of value. So, what does that mean for healthcare? To put it simply, paying for services and storing medical records can be easier AND more secure than ever.

Blockchain – can transform the healthcare industry into a streamlined service that makes payment easier for patients and their families. Not only are there patient benefits, but organizations themselves will be able to process transactions faster without risk. In fact, preventing fraud and potential threats is quicker/easier because the information is encrypted, decentralized and easily verifiable. AND organizations can better track, organize and share medical records since they’re completed digital. The benefits are endless!

Want to learn more about how blockchain can improve your organization?

Reliable can provide an effective strategy, the right tools and so much more to help you achieve digital transformation. Contact us today to learn more about our services.