Blockchain in Healthcare: 2023 Predictions From Around the Globe

Abstract

Over the past 50 years, although categorized as the “Information Age” or “Digital Age,” the vast amounts of digitized data have been sorely underutilized. Only recently, in response to the COVID-19 pandemic, efforts have accelerated to harness these data using blockchain technology as it pertains to healthcare. Today, through the blockchain infrastructure and its tokenization applications, we are able to leverage health-care data effectively into more efficient business processes. In addition, we can secure better patient engage-ment and outcomes, while generating new revenue streams for an array of healthcare stakeholders. It is in the application of blockchain technology to compile these stockpiled data into new, compliant business models that we can reap the full potential of the blockchain. Here are predictions by members of the BHTY editorial board members on how we might further advance the role of blockchain in healthcare in 2023.