Blockchain in Healthcare

Last week I participated in the Virtual Blockchain in Healthcare Symposium. The #VBIHS2020 is to be a platform where people related to the healthcare industry can gain in-depth knowledge on how blockchain can leverage the healthcare industry in present & future pandemics. It also convenes the necessary resources to drive systemic transformation and unleash the full potential of blockchain in the healthcare industry.

Healthcare India was a partner to the event, this really helped us build on the work we had already done in the past. In 2018 we had produced a paper on Blockchain, on how it could change healthcare in India. Two years hence not much has happened.

I shared the panel with eminent healthcare leaders from the Middle East and was able to exchange ideas on how to enable blockchain adoption in Asia and in the world.

Below are the key points on the same

  • Business Case- Dr Mussaad brought up ABC in healthcare technology

A- Analytics

B- Blockchain

C- Cloud

While Analytics and Cloud have taken off, Blockchain has been left behind. And I think the primary reason for that is the lack of a good business case. Blockchain has still not left the CTO office and the adoption from a commercial technology point of view is still pending.

  • Government Standards- I still don’t see any standards from the government. In India, while there are standards for AI and ML bit still nothing for Blockchain. That needs to change. Government has to set the bar, while they have introduced Sand Boxes, it needs to go beyond that.
  • Lastly need for talent, there is no talent available in the market to implement Blockchain. this is a key component to the growth. While educators have talked about it pretty openly but little action has been taken on the ground.

But would love to hear your views as well.

Dr. Vikram Venkateswaran

Management Thinker, Marketer, Healthcare Professional Communicator and Ideation exponent

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