Blockchain and Internet of Things (IoT) can cut healthcare facility costs by 20 percent, according to an article on The TeCake website.
“By focusing more on blockchain technology and IoT, the global healthcare industry can be privileged with a great transformation under which, the expenses of the hospitals, can be driven down to 50% from the current 70% by 2020,” said Dr. Sandeep Narula, associate professor at IIHMR University, Jaipur.
Blockchain technology is facilitating the commercial healthcare sectors with safe data exchange and super-fast transactions, the article said.
Through IoT, data is gathered all through the healthcare pathway which helps diagnose the patient so that they can be given the best treatment in less time.
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