Possibilities of blockchain technology application for the health care system

Abstract

The blockchain technology has many applications in modern medicine. This can be data management, accounts and finance, as well as others. It is important for each category of tasks to choose their own solution and bring the maximum effect for the participants of the system, which will interact on new terms. The key beneficiaries of the participants will be health care users, health care providers, and insurance companies. The paper considers projects with a choice of different types of blockchain with the corresponding advantages and disadvantages. It also lists specific problems and risks inherent in blockchain projects in healthcare, as well as some recommendations for their reduction or elimination. The normative legal acts adopted in Russia, which regulate the legal field in the industry, has analyzed, recommendations for improvement has presented. At the moment, there are only a few laws and regulations governing this area, which is insufficient for their full application in practice. Our paper is aimed at choosing the suitable algorithm of consensus and also the architecture of all system working with blockchain technology.