Executives at healthcare organizations and in other industries are beginning to consider ways that they can use blockchain technology—the basic idea of an immutable, distributed ledger where one version of a set of data is shared among several parties, with no need for middlemen.

The technology holds promise to answer a variety of problems. For example, banks see a way to save money and have fewer disputes, more transparency, faster agreement on and execution of contracts, and better traceability. Healthcare organizations see more opportunities for better interoperability and improved data security.

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