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The Blockchain's Effect On The Healthcare Industry

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The blockchain will also disrupt the real estate industry in the way documents are stored and filed. With the security that blockchain promotes it would be easier and a no brainer to store important documents on the blockchain platform to allow faster access for retrieval. Additionally.the storage of documents would not only store the titles but also documents such as "list of repairs and refurbishments and projected costs associated with owning and running the home" (Oparah, 2016). While the blockchain technology is still in its infancy many have seen the value it can bring to this industry and currently there many apps being develop under the blockchain platform like Midasium, and Ubiquity (Campbell, 2016).
Furthermore, the blockchain apps …show more content…
The health industry has a problem in the way they track and file their data. Most companies have their own coding which is not transferable or compatible with other companies’ system. Additionally, there are issues of security, trust, economic competition and limitations of how much can be shared due to client privacy. The blockchain would help with the “patient’s current electronic medical record to provide a new level of data integrity and interoperability, meaning patient data could be shared across organizations and people without compromising the security of the information that’s stored” (Zaleski, 2016). Everyone could contribute to these ledgers but ultimately the owner, being you, would have the power to dictate who could view and update the content and make the connection back to …show more content…
"By 2014, more than a dozen major companies were actively exploring blockchain-related ventures and their potential effect on core practices" (Plansky et al., 2016). Some of those companies include, IBM, HP, Microsfot, Intel, Citi, Bank of America, Morgan Stanley, HSBC, and the Royal Bank of Canada just to name a few. Most of the companies mentioned are in the technology or finance industry and that is no coincidence as the blockchain is a distributed ledger technology that uses the internet and cryptocurrencies are a new form of financing transactions that could take all value away from fiat currency. Although many other businesses are still skeptical about the adoption of the blockchain it is clear that most big companies are not willing to take a risk in being the last to jump on board if this form of technology takes off in the

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