What are the blockchain use cases in government and the public sector?
EHRs built on a blockchain-supported distributed ledger can enable some or all of the following use cases: Freedom of movement with the healthcare system. Elimination of redundant onboarding procedures and tests. Digital prescriptions that can be easily screened for potential adverse reactions.
What are advantages and disadvantages of Blockchain technology?
The main advantages of the Blockchain technology are decentralized network, transparency, trusty chain, unalterable and indestructible technology. In turn, the main disadvantages of the Blockchain are the high energy dependence, the difficult process of integration and the implementation’s high costs.
What are the pros and cons of blockchain technology?
The best pros of blockchain are that it offers a peer-to-peer connection, so there won’t be any centralized server monitoring your every move. How Popular Is It Among the Enterprises? At present, many enterprises are highly interested in blockchain technology.
Do you weigh the pros and cons of blockchain before jumping in?
However, many do fail to properly weigh the pros and cons of blockchain before they jump in. With every technology, there will always come advantages and disadvantages; blockchain is on that list as well. So, when enterprises try to figure out blockchain’s full potential, they often forget about the issues.
Will blockchain technology stay on its ground in the future?
Despite all its lacks, the blockchain technology possesses certain unique advantages, and it definitely will stay on its ground. It will be a long way before it becomes massively used. Though, many industrial fields face pros and cons of blockchain systems nowadays.
Is blockchain a good fit for supply chain management?
Weighing the pros and cons of blockchain, supply chain management should be a good fit for the technology. Some other use cases also work well. Complex systems can benefit from an auditable, unchangeable record of shipments which all parties involved can access. Needless time and resources go into exchanging data between separate databases.