As an emerging technology, blockchain is growing significantly in terms of awareness and public participation. Most of the involvements in the blockchain ecosystem are perceived to be motivated by curiosity and the opportunity to earn value. However, the actual reasons behind this increasing growth is practically due to increased implementation of the technology across different works of life.
An industry where blockchain technology is beginning to gain traction and significance is the healthcare industry. Healthcare is one of the most essential aspects of human existence and an area of life that is given significant attention, especially in developed nations. As a matter of fact, in most cases, the level of development of a people is determined by the healthcare index within their society.
Developing nations are receiving a lot of attention as well in the healthcare industry. This is evident in the amount of aids and support that flow in their direction from the more developed nations and other global institutions. Apart from the humanitarian services rendered, the developmental factors of a healthy society justifies the processes involved in supporting the healthcare industry in developing nations.