One of blockchain technology's lucrative features is smart contracts, which are designed to streamline traditional contract processes while also adding security to the digital agreement.
Below are three areas in healthcare where smart contracts can be used, according to Yahoo Finance.
1. Health insurance: Patients can use smart contracts to purchase insurance and by doing so will be given all the details of the policy automatically in a secured profile. Smart contracts also eliminate the need to file lengthy insurance claim forms.
2. Health records: Smart contracts may help with interoperability between hospitals. If a patient travels between hospitals, the information can be easily moved on the blockchain.
3. Telemedicine: By using smart contracts, telemedicine providers can bring more security and privacy when sharing patient information and other clinical data.
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