Blockchain as a Disruptive Technology in Healthcare and Financial Services - a Review Based Analysis on Current Implementations

. International Journal of Applied Engineering and Management Letters (IJAEML), 4(1), 142-155. ISSN: 2581-7000. (2020).

13 Pages Posted: 22 Jun 2020

See all articles by Bhuvana Reddy

Bhuvana Reddy

Srinivas University

Madhushree

Srinivas Institute of Management Studies

P. S. Aithal

Poornaprajna College

Date Written: May 27, 2020

Abstract

Blockchain is a time-stamped series of immutable records it is managed by a cluster of computers owned by different entities it allows only authorized participants to access data and log of all entries. Multiple industries are adopting blockchain technology to innovate the way they function. over two decades the hospitals function is the same. This space is rife with vertical innovation moreover, are lag with horizontal innovation patient identification and information blocking which is a huge problem in the healthcare industry. With blockchain the healthcare sector can achieve data efficiency, data access flexibility, interconnection, transparency, security, and more. Global economic slowdown has taken a toll on financial services. Forcing Indian companies to expose in the global economy. In the case of finance blockchain help reduce potential costs, labor savings, safe, secure, decentralized, transparent and more. The purpose of this paper is to review the development of blockchain and healthcare, financial services and to provide some references for the possible application of blockchain technology to the healthcare and financial services. secondly, several application scenarios of blockchain in healthcare and financial services are put forward, Finally, the challenges that still exist when applying blockchain technology based on its current implementations in healthcare and financial services.

Keywords: Blockchain technology, Healthcare, Financial services, Distributed Ledger, Current implementations, Challenges

Suggested Citation

reddy, bhuvana and Madhushree and Aithal, P. S., Blockchain as a Disruptive Technology in Healthcare and Financial Services - a Review Based Analysis on Current Implementations (May 27, 2020). . International Journal of Applied Engineering and Management Letters (IJAEML), 4(1), 142-155. ISSN: 2581-7000. (2020)., Available at SSRN: https://ssrn.com/abstract=3611482

Bhuvana Reddy

Srinivas University ( email )

Mangalore
India

Madhushree

Srinivas Institute of Management Studies

Srinivas Campus, Mangaladevi Road
Pandeshwar
Mangalore, 575001
India

P. S. Aithal (Contact Author)

Poornaprajna College ( email )

Poornaprajna Institute of Management
Udupi District
Karnataka
India
+919343348392 (Phone)

HOME PAGE: http://www.pim.ac.in

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