USES OF BLOCKCHAIN TECHNOLOGY IN HEALTHCARE
USES OF BLOCKCHAIN TECHNOLOGY IN HEALTHCARE WHAT IS BLOCKCHAIN? Blockchain is a distributed system for recording and storing transaction records. More specifically, blockchain is a shared, immutable record of peer-to-peer transactions built from linked transaction blocks and stored in a digital ledger. Three main components: a. Distributed Network Blockchain is a decentralized P2P architecture with nodes consisting of network participants. Each member in the network stores an identical copy of the blockchain and contributes to the collective process of validating and certifying digital transactions for the network. b. Shared Ledger Members in the distributed network record digital transactions into a shared ledger. Changes to the shared ledger are reflected in all copies of the blockchain in minutes or, in some cases, seconds. After a transaction is added it is immutable and cannot be changed or removed. c. Digital Transactions Any type ...