ClinicAll: Innovative business leaders look to technology for solutions

Technology is driving a world that is constantly shifting all around us. Every day there are companies that unveil new devices, new systems and clever solutions to make life a slightly more comfortable. Innovations in technology lead to cost-effective production and with broader distribution networks, changing the economic hurdles to many needed products and services.

At the apex of this technological revolution is blockchain ledger technology. The first application of blockchain was born from the mysterious Satoshi paper, named ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. Since this experiment, blockchain technology has dramatically altered how startups and enterprises will look to fundraise. Thanks to distributed ledgers, IPO type fundraising is now accessible to any business looking to make an offer of value. Let's cover the definition of blockchain and an understanding of how its development will play a significant role in business development regarding data management.

Why consider blockchain technology?

Experts term blockchain technology as a key for digital transformation and a secured data storage platform. It’s a group of blocks joined using cryptography. Perhaps more interesting is that you can’t modify this data once written. Once data is written it is secure by data interoperability, which is the ability to freely share information across blockchain systems. If a user sends you something on your blockchain, you will be able to easily read, comprehend, and interact with or respond to it efficiently, then distribute it to further parties.

According to experts. Instead of having a centralised database that someone can easily hack and steal data, why not have databases that are distributed, without a single point of failure or single target for attack.

Read the full article on https://medium.com/@clinicallhealthcare/healthcare-meets-blockchain-b21bb5fd0138?postPublishedType=initial

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