What is blockchain development for healthcare?
Blockchain is a decentralized digital ledger. Decentralization means the ledger exists on multiple computers at the same time. It is a chain of blocks that keeps data records with a unique hash value. It protects records from fraud, tampering, and hacker attacks. Developing applications and platforms for the healthcare industry using blockchain technology is called blockchain development for healthcare.
What are the reasons behind the popularity of blockchain development for healthcare?
The technology enables transparency, traceability, and visibility of stored data and health records. Blockchain is designed to be decentralized, so it doesn’t give power and complete control to one centralized authority but disperses them among all users. Also, blockchain makes fraud and tampering almost impossible as all health data and patient records are accessible and immutable.
How much does it cost to develop a blockchain solution for healthcare?
There is no standard calculation for estimating the price of blockchain development for healthcare. The final cost is calculated individually since it depends on multiple factors including the feature set, the solution’s complexity and its type, the number of stakeholders interacting with the application, the hourly rates of the development team, etc.
What languages are used for blockchain development for healthcare?