Can blockchain solve health care’s security problems? The financial industry offers a valuable case study

This story has been excerpted from the STAT Report, “STAT’s guide to blockchain in health care.”

Not long ago, blockchain technology captured the imagination — and the wallets — of financial services firms that sought a “first-mover” advantage by integrating it into their outdated management systems. Experts predicted that blockchain could bring millions of dollars in savings, its uses ranging from real-time clearing and settlement of securities-related transactions, to cross-border payments and regulatory compliance.

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