Nasdaq:
Blockchain is a relatively new way of securing transactions through decentralization. It is a kind of digital record using cryptography to keep transactions secure. Because transactions are done over multiple computers instead of just one server it is much more difficult to change, hack, or forge.
While many think of blockchain application more for monetary transactions, it could be used for many other types of transactions as well. For instance, it could be used to record historical or political events since it can’t easily be faked or changed.
But in addition to its use in those ways, blockchain could be used in healthcare to great advantage.