The Blockchain for a better healthcare industry

In an analysis on Forbes, Andrew Arnold shows the advantages of the Blockchain for the healthcare industry. First of all, it would avert the violation of data and information: a problem that requires very high costs to be solved. There are also many benefits in terms of privacy protection.
Arnold also lists four points to explain the usefulness of Blockchain for the healthcare system:
– Immutable and traceable patient records: patients can authorize healthcare providers to access documents and record new data
– Reduction of pharmaceutical fraud/theft: pharmaceutical companies can monitor the transportation of drugs from the factories to pharmacies and hospitals.
– Improved data exchanges in clinical trials: it takes a long time for drugs to receive approval. Blockchain could demonstrate the effectiveness of clinical trials faster.
– Lack of insurance fraud: bad practices such as unlawful requests of money from suppliers and patients, invoicing of services not performed and falsification of patients’ medical conditions would be less.