The Healthcare Industry Turns to Blockchain Tech for Security

The healthcare industry has to cope with various problems regarding the security and the privacy of valuable data. In the recent years, hospitals were serving as the major target for cybercriminals who conducted ransomware attacks on the institutions.

n April, both U.S. and Canadian cyber security agencies – the Computer Emergency Readiness Team and the Canadian Cyber Incident Response Center – issued warnings to healthcare providers regarding the increased number of ransomware attacks. This is the point when blockchain tech comes in.

BM Watson Health announced in January that they are cooperating with the US Food and Drug Administration (FDA) in order to research blockchain tech applications towards the exchange of data in the industry. The tech giant set an expected date for the completion of the project, early 2019, with the initial findings of the research revealed this year.

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