Blockchain technology is poised to rapidly transform healthcare worldwide. Over the next seven years, the technology is estimated to undergo a 70% compound annual growth rate in healthcare due to growing data breaches in the industry, found a recent TechSci Research report. North America should see the highest demand, according to Karan Chechi, Research Director […]
Artificial intelligence (AI) is quickly taking over the tech space. According to Bill Gates, who recently spoke at the annual meeting of the American Association for the Advancement of Science, computational power in AI applications is doubling, on average, every three and a half months. The question is: how will advancing artificial intelligence affect the […]
Microsegmentation can help keep medical devices secure and patient data safe. Healthcare organizations can accomplish this through the development of tools that monitor Internet of Things (IoT) traffic. Healthcare facilities using IoT medical devices have the ability to improve patient care and reduce costs. However, they also face the cyber security issues that come […]
Three important qualities of blockchain—decentralization, immutability, and security—could have many interesting use cases in the healthcare industry. One area that could greatly benefit from blockchain technology is telemedicine, the relatively new field of providing remote delivery of healthcare services over telecommunications. While digitizing healthcare as a whole still has a long way to go, authenticating […]
The need for cyber security is increasing as the number of devices interconnected by cloud technology grows. Because everyday life is growing more reliant on technology, the likelihood of any one cyber attack having significant and far-reaching consequences is also growing. In 2018, researchers from the University of Kent identified fifty-seven different ways in which […]
Earlier last month, Zion Market Research estimated that the global blockchain Internet of Things (IoT) market will become a three billion dollar industry by 2025. Worth $32 million (USD) in 2018, the report puts the industry at a 91% growth rate. As an increasing number of businesses invest in IoT to connect and share data, […]
A streamlined, cost-effective healthcare system requires efficient sharing of information between legacy systems. However, systems storing critical healthcare data often operate in silos. Even worse, they can be easy to hack. A report from BIS Research observes, “Less than 10% of healthcare organizations regularly share medical information with providers outside of their organization. The lack […]
The current technologies used in the healthcare industry face limitations in areas security, privacy, and full ecosystem interoperability. Although several challenges must be addressed before any large scale adoption can be attempted, a healthcare blockchain could transform the industry through the secure nature of distributed ledger technology. A blockchain-powered health information exchange has the potential […]
It’s been a year since the General Data Protection Regulation (GDPR) went into effect, but individuals and businesses still have misconceptions surrounding it. Here are six common myths about the GDPR: The large fines are just a threat. Pre-GDPR, there was a lot of buzz about the extremely heavy fines that could be placed on […]
The Internet of Things (IoT) is creating a lot of data. From health information to environmental conditions to warehouse and logistics data, the sheer amount of data produced on a regular basis by IoT devices is far more than any human being can process or make use of in a productive way. Fortunately, there is […]
