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Immature technology, insufficient skills, regulatory constraints, and lack of executive buy-in top barriers to blockchain adoption among healthcare organizations surveyed by IBM

Barriers to Healthcare Adoption of Blockchains
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
  • Immature Technology – 56% of healthcare executives in IBM survey said immature technology hinders adoption of blockchain among healthcare institutions
  • Lack of Organizational Preparedness – Insufficient skills (55%) and lack of executive buy-in (51%) other top barriers to healthcare blockchain adoption
  • Key Drivers – Include exponential growth in health data, rising demand for increased data security, increasing 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
Source: 

Date Last Updated: April 13, 2018

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