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Transformative Era: Blockchain in Healthcare Today Releases 2019 Healthcare Adoption Forecast

Reading Time: 2 minutes by on February 12, 2019 Adoption, Blockchain, News, Tech

Partners in Digital Health (PDH), a platform that claims to be a forward-reaching communications firm, has published the 1st Annual Blockchain in Healthcare Today (BHTY) top ten 2019 predictions for distributed ledger technology (DLT)  in the healthcare ecosystem for. This according to a Webwire press release on February 7, 2019.

Transformative Era

Reportedly, the BHTY peer-review board, in collaboration with John Halmaka, MD, MS, Editor-in-Chief Information Officer of the Beth Israel Deaconess Medical Center, as well as Chief Information Officer and Dean for Technology at Harvard Medical School, have published their market perceptions and vision for the future of healthcare in the latest BHTY journal.

The team has outlined ten significant areas in the healthcare industry that would be positively impacted by blockchain technology.

It’s worth noting that at current, a significant number of firms in the healthcare sector have already started integrating blockchain technology into their operations for better results.

As reported by BTCManager in October 2018, BlackBerry Limited,  a Canadian Internet of things (IoT) firm popularly known for its BlackBerry smartphones, partnered with Mackenzie Innovation Institute (MI2)  to create a blockchain solution aimed at improving data security and privacy in healthcare.

However, the BHTY team have made a list of ten blockchain predictions and explanations for its journal audiences as well as market makers and movers, across the globe.

Impact

The areas in which blockchain technology will see significant use cases in 2019 includes consent management, remittance and micropayments, the tokenization of non-cash assets and more.

The team also predicts that supply chain integrity will be tracked extensively with DLT, the integrity of medical records will be safeguarded, and the monetization of data, including the genome, will be made possible by blockchain technology.

Commenting on the matter, Dr. Halmaka said:

“To me, the most critical use cases for DLT in healthcare in 2019 are consent management, provider credentialing and guaranteeing data integrity. The use of micropayments to incentivize patient behaviour is speculative but worth pursuing.”

In January 2019, BTCManager informed that the United States Department of Health and Human Services (HHS) had adopted blockchain technology to simplify the process of procuring and executing contracts.

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