Blockchain: 5 Use Cases for the Enterprise - InformationWeek

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9/28/2018
08:10 AM
Jessica Davis
Jessica Davis
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Blockchain: 5 Use Cases for the Enterprise

Everybody talks about blockchain, but is anybody really doing it? Here's a look at five use cases across industries.
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Healthcare

There's a lot of opportunity for blockchain in the healthcare vertical, from assembling complete medical histories for individual patients to tracking the pharmaceutical supply chain. A survey of 200 healthcare executives, conducted by the IBM Institute for Business Value, showed that these executives are looking at a number of use cases for blockchain including clinical trial records, regulatory compliance, health records, medical device data, medication and treatment data, billing and claims, adverse event safety, asset management, and contract management.

Blockchain is well suited for medical records, for instance, because an individual's health information is "long data" -- the lifetime history of data related to an individual -- every vital sign ever recorded, medication taken, doctor visit, procedure, and test.

IBM notes in its report on the survey that "data captured in blockchains can be shared in real time across a scalable group of individuals and institutions. Every event or transaction is time-stamped and becomes part of a long chain, or permanent record that can't be tampered with after the fact."

Jessica Davis has spent a career covering the intersection of business and technology at titles including IDG's Infoworld, Ziff Davis Enterprise's eWeek and Channel Insider, and Penton Technology's MSPmentor. She's passionate about the practical use of business intelligence, ... View Full Bio

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