Three Ways Blockchain Is Improving Our Lives Now

Blockchain is radically disrupting almost every industry given its inherent capacities for immutable, transparent, decentralized and highly efficient means for recording and sharing data and transactions. This is highly significant for business, be it for global supply chain management, interbank transaction processing or even buying and selling real estate. After eagerly exploring how blockchain will change the real estate space, I’ve come to realize that this is no longer just enterprise-level technology. It’s now having a huge impact on regular people like you and me.

As this technology earns its stripes through every successful implementation, we too can take advantage of the myriad benefits of blockchain technology in our daily lives without having to understand the highly technical aspects that make it work.

From my perspective as a blockchain advisor, I can tell you with certainty that blockchain is precipitously advancing the proficiencies of so many industries, social interests and humanitarian efforts, and is bringing about equally valuable transformation that we can leverage today to improve our lives.

Health Care

The value of blockchain technology in the health care market is expected to surpass $16 billion by 2025 (paywall). Securely maintaining and efficiently distributing patient data is one of the ways in which blockchain is currently transforming the industry. Enabling doctors, clinical researchers and pharmacists to access secure and reliable electronic health records, blockchain platforms facilitate managing extensive medical records while ensuring personal privacy and regulatory compliance.

For example, in the pharmaceutical industry, MediLedger is utilizing blockchain to provide a secure platform that offers its users the option of smart contracts and traces certain prescription drugs from the manufacturer to the patient’s doorstep. By utilizing a blockchain network, each step on the process is able to be stored and time-stamped.

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