Blockchain Utilization in Healthcare: Key Requirements and Challenges

Blockchain is so far well-known for its potential applications in financial and banking sectors. However, blockchain as a decentralized and distributed technology can be utilized as a powerful tool for immense daily life applications. Healthcare is one of the prominent applications area among others where blockchain is supposed to make a strong impact. It is generating wide range of opportunities and possibilities in current healthcare systems. Therefore, this paper is all about exploring the potential applications of blockchain technology in current healthcare systems and highlights the most important requirements to fulfill the need of such systems such as trustless and transparent healthcare systems. In addition, this work also presents the challenges and obstacles needed to resolve before the successful adoption of blockchain technology in healthcare systems. Furthermore, we introduce the smart contract for blockchain based healthcare systems which is key for defining the pre-defined agreements among various involved stakeholders.