Blockchain
Blockchain is estimated to reach over $ 5.61bn by the end of 2025 , even though it remains dependent on the ability to record and store information conveniently , economically and securely amongst different applications and systems . Providing transparency and eliminating thirdparty intermediaries , processes are streamlined , reducing healthcare costs exponentially . Unlocking the ability for providers to deliver a value-based healthcare system and enhance patient engagement , blockchain could save the industry up to $ 100- $ 150bn per year by 2025 in data breach-related costs , IT costs , operations costs , support function costs and personnel costs , according to BIS Research . Partnering with pharmaceutical giant GlaxoSmithKline ( GSK ), Ethereum blockchain-based supply chain platform , Viant sought to accelerate the pace of blockchain-based supply chain systems . Accenture and supply chain giant DHL have also developed a blockchain-based serialisation prototype which tracks pharmaceuticals from the point of origin to the consumer .
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