Most people know blockchain as the transaction ledger associated with cryptocurrency transactions. However, evidence suggests a specific use for it that applies to health professionals — reducing medical fraud.
Blockchain’s Innate Characteristics May Cut Down on Fraud
Individuals think blockchain shows promise for minimizing fraud in medicine because of some of the features it offers. For example, many fraudulent practices in the health industry and elsewhere begin when people manipulate or destroy data. The blockchain, however, is immutable because it does not allow deleting or changing data.