Blockchain has gained more traction than it may seem. This is the first step from a new PwC report, whose most significant statistic is that 49% of global healthcare companies are already undertaking blockchain initiatives.
This discovery could be a surprise, but PwC is not the only one to say that the blockchain is coming and that hospitals and systems must prepare now.
In fact, at the beginning of this year, Gartner and IDC shared their own tips on the blockchain. Gartner noted that CIOs should consider blockchain or risk being left behind by first-time competitors. IDC recommended taking into account the pros and cons, pushing for blockchain interoperability between providers and patients and deciding whether to use a public blockchain or opt to keep it private.
THE GREATEST TREND
In the PwC report, A Prescription for Blockchain and Healthcare: Reinvent or Reinvented, researchers said that 49% of healthcare companies include those that develop, implement or pilot blockchain projects.
In May, Deloitte said that despite skepticism regarding scalability, security and sustainability, the blockchain is gaining ground.
Chilmark Research analysts, meanwhile, have indicated the potential of Blockchain as a "transformation infrastructure" to share data, improve quality and even improve data privacy.
Blockchain, of course, still has many important challenges.
PwC found that 61 percent of respondents said that the lack of blockchain skills holds them back, 47 percent cited lack of trust as a barrier, 39 percent said regulatory uncertainty 37 percent consider the 39. Impossibility to bring the network together as a problem.
In addition, 36 percent listed blockchain interoperability and 33 percent said the impossibility of scaling is inhibitory – while "31 percent told PwC that the cast was the main reason why their organization had not progressed further with blockchain ".
"Blockchain-based technologies offer significant opportunities to reinvent the way healthcare organizations access, collect, distribute, share, exploit, monitor and control data," according to the PwC report.
This is the positive side. There is also an underlying reality that health organizations waiting to move to the blockchain may find themselves too far behind to reach easily.
"Not all companies will benefit," the researchers wrote. "Intermediaries may become obsolete, companies that are slow to change may lose people who use technology to cut costs and increase efficiency."
With Deloitte, IDC, Gartner, Chilmark and others making similar claims, the PwC report is a further proof that blockchain is much more than just a hype. If your hospital or health system is in a state of inertia blockchain, now it would be a good time to get out of it.
At the very least, you understand the potential use cases: read how the distributed ledger can help with the pharmacy supply chain and the patient pairing problem in progress, to name just two. And then determine when, where and how to invest in blockchain. Or for a bit of fun check out our Mad Libs for blockchain: fill in the blanks now to avoid mistakes before it's too late.