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Healthcare sector financials

Lowest Mkt Cap
#47 of 49
$3 B
Highest CAGR
#8 of 49
26 %
Blockchain technology can be used to create secure and tamper-proof electronic records (EHRs), providing patients with full control over their medical data. In addition to EHRs, blockchain can be used to track clinical trials, reduce drug counterfeiting, and ensure the authenticity of medical devices and supplies.

0 FDA approvals in Blockchain

Revolutionizing Healthcare through Blockchain Technology

Increasing Data Security and Privacy

"Blockchain technology has the potential to transform by providing a secure and transparent way to store and share patient data. By using distributed ledgers and cryptographic algorithms, blockchain can ensure that patient data is tamper-proof and resistant to cyber attacks. This can improve data security and privacy, and help prevent data breaches and identity theft." - Healthcare IT News, October 22, 2019[1].

Improving Interoperability and Data Exchange

"Blockchain technology can facilitate the exchange of data between different providers and systems, improving interoperability and reducing data silos. By creating a decentralized network of nodes that can communicate and verify data, blockchain can help eliminate the need for intermediaries and intermediated exchanges, which can slow down data sharing and increase costs." - Deloitte, October 15, 2020[2].

Enabling Efficient Supply Chain Management

"Blockchain technology can help streamline supply chain management in by providing a secure and transparent way to track the movement of goods and products. By creating an immutable and auditable record of transactions, blockchain can help ensure product authenticity and reduce the risk of counterfeiting and fraud." - Healthcare Weekly, February 18, 2020[3].

Investor sentiment

ForbesMarch 2021

"...Blockchain has the potential to revolutionize the industry by enabling secure and interoperable data sharing, reducing costs, and improving patient outcomes. The blockchain market is expected to continue to grow rapidly in the coming years, driven by the increasing adoption of electronic records and other IT systems, and the growing need for secure and transparent data sharing in healthcare."

Business WireJune 2021

"...The global blockchain market is expected to grow at a CAGR of over 61% during the forecast period 2021-2025, driven by the increasing adoption of blockchain in for secure and interoperable data sharing, and the growing demand for efficient and cost-effective IT solutions."

Sector leaders

    Chronicled

    Chronicled is a blockchain-powered supply chain management platform designed for the sector. It helps track and verify the movement of drugs, medical devices, and medical supplies in real-time, with the goal of improving transparency, accountability, and patient safety.
    chronicled.com

    SimplyVital Health

    SimplyVital Health is a blockchain-based platform that aims to improve care coordination and patient outcomes by securely sharing patient data among providers. The platform uses blockchain technology to enable secure, real-time sharing of patient data, while also ensuring patient privacy and data security.
    simplyvitalhealth.com
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