Proof Point
IBM survey found nine in ten healthcare executives planning to invest in blockchain to manage health records and financial transactions in 2018
Healthcare Blockchain Applications for Investment in 2018
2017 (percentage of respondents)
| Note: | Data based on IBM Institute for Business Value’s blockchain study that surveyed 200 healthcare executives – both payers and providers – in 16 countries |
Proof Point Findings
- Blockchain – Distributed digital ledgers that record, authenticate and prevent duplication of transactions using algorithms and specific set of rules, without need for central authority
- Storing Medical Data and Records – 94% of healthcare executives surveyed by IBM planning to invest in blockchain in 2018 to keep medical/health records, with 92% also wanting to integrate data from medical devices and 88% looking to record clinical trial results on blockchain
- Managing Financial Transactions – Nine in ten also plan to manage health transactions through blockchain, including billing and claims (94%) and contracts (90%)
- Other Healthcare Blockchain Applications – Include asset management (91%), medication/treatment adherence (89%), regulatory compliance (87%), and adverse event safety monitoring (86%)
- Key Drivers – Include exponential growth in health data, rising demand for increased data security, increased investments in healthcare-related blockchain initiatives, proliferating cyber threats, growing need to make health data error-proof and accessible in real-time, and, rising demand to make health records interoperable
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Accelerator |
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Business Model and Practices Business Model |
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Sector |
Healthcare/Health Sciences
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Source |
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Date Last Updated |
November 7, 2017
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