Blockchain possesses incredible potential, that's why blockchain systems are considered as a paradise for data. In all these years, the discovery of Blockchain has been enjoyed for the introduction of distributed systems to secure data by cryptography.
From the creation of cryptocurrency to distributed ledger systems and mobile applications, this technology is being welcomed by every business vertical, and its adoption has become complimentary for companies. Moreover, its adoption can majorly be cherished by the healthcare industry.
A number of IT institutions are engaged in finding the most promising usage of blockchain technology in healthcare
. Let's take a brief look at Blockchain adoption in 2020.
The Global Blockchain Adoption
In 2020, the worldwide spending on blockchain systems is USD 4.3 billion. As per Statista, the market of Blockchain will be worth 20 billion USD by the year 2025. Its most critical adoption can be seen in the healthcare industry, where this technology is being considered as the biggest game-changer.
The truth is that this technology has shown a path to distributed systems coupled with unmatched security measures That secure data in a chain of blocks infused with cryptographic locks. Top-notch level security and quality of not being tempered by any external entity boost its adoption in several instances.