Healthcare is one of the world’s largest industries, making up between 10 and 20 percent of the GDP of most developed nations. Too little of this money is actually going to patients, however, due to the inefficiencies, errors, bureaucracy, and high administrative costs in the healthcare sector. We at Modex believe blockchain can help. From managing patient data to tracking drugs through the supply chain, blockchain could solve some of the healthcare industry’s biggest problems. These include compliance, interoperability, speed, data privacy and security. Blockchain could also enable new patient-centric business models, bringing patients to the center of the healthcare
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