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Blockchain and IoT Technology in Healthcare: A Review

The tremendous shift in technology has led to many unconnected things getting interconnected via IoT. IoT is one of the major modes of collecting data from various networked resources and other connected devices. The broad range of IoT, with its huge heterogeneity in handling data, addresses many challenges in the realm of healthcare. Blockchain technology has elevated the use of distributed storage in a positive way. The recent emergence of this technology has paved way for potentially enormous utilization in various fields. Blockchain technology in the fields of IT, finance, industries, government, healthcare, media, and law enforcement has altered the service quality levels to an ethical ideal. Blockchain, in conjunction with IoT, facilitates decentralized collection and storage of data. Integrating blockchain with IoT has emerged as a cutting-edge tool for the decentralized sharing of medical records, monitoring of patients, ensuring the privacy of patient records, predicting the quantum of insurance, and managing supply chains.