As the world continues to grapple against the novel coronavirus pandemic, South Korea has moved a step further to introduce Bitcoin to the healthcare sector.
Hospitals, pharmaceutical companies and research centers in South Korea are also looking at blockchain solutions. However, it should be understood that applying a new blockchain structure is not so simple.
The South Korean government is encouraging blockchain technology and conducting several proof-of-concept projects to find a proper way to connect blockchain to the current system.
As governments globally struggle with the healthcare implications of the coronavirus pandemic, their focuses have invariably shifted away from many chronic diseases and conditions to the more pressing concern of bringing the pandemic under control.
Professionals working within health departments have long had to contend with a lack of funding, Cointelegraph said in their report.
Many hospitals and laboratories rely on centralized solutions and databases to coordinate data collaboration.
The use of blockchain in ordering and storing such a large amount of data will ultimately lead to efficiency improvements for healthcare staff. Current data management systems do not allow corporations to manage data properly.