Using Digital Currencies to Revolutionize Healthcare

Introducing a digital currency could help tackle some of the greatest challenges facing the global healthcare system today. From consultation to payment of services and prescriptions, the industry is ripe for change. Healthcare systems are built on information transactions. Blockchain is a distributed ledger technology that holds the power to establish engagement between stakeholders that is transparent in terms of the rules of the relationship, but secure in terms of the content of the relationship. 

Such engagement includes payment transactions from one stakeholder to another. The introduction of a digital currency allows for rapid, or even instantaneous transactions between parties, eliminating delays in payments experienced because of consulting traditional insurance companies and using mainstream banking facilities.