The Internet of Things (IoT) is gaining momentum. Between 2014 and 2019, the number of companies using IoT grew from 13% to 25%, according to the consulting firm McKinsey & Company. By 2023, there are expected to be 45 billion connected IoT devices, which will help set the foundation for future smart cities. Despite the […]
Healthcare organizations are under increasing attack from hackers. According to a report published by the Protenus 2019 Breach Barometer, hackers accessed more than 15 million patient records in 503 breaches during 2018. The following year, there was a reported 60% growth in breaches. Furthermore, most of these breaches weren’t reported within the 60 days mandated […]
The COVID-19 pandemic has triggered a growing demand for the supply of medicine and medical supplies. At the same time, the pandemic has created major disruptions in the global supply chain, as more and more people are shifting their buying habits and ordering goods through online delivery. The disruption is calling attention to the greater […]
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 […]
Blockchain is starting to take off. As the technology rapidly matures, many governments and businesses are eager to get on board. The recent release of Hyperledger Fabric 2.0, an update of the modular blockchain framework under the IBM Blockchain Platform, marks a significant development in distributed ledger technology. This new version of the protocol features […]
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 […]
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 […]
At TNW2019 in Amsterdam, the in-house blockchain team at consulting giant Deloitte walked participants in the “Beyond tech: blockchain strategy for complex environments” workshop through the process of coming up with viable distributed ledger use cases. The team noted that although blockchain has its challenges, the up-and-coming technology is clearly well suited for financial applications, […]
