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Could blockchain fix health care costs?

Blockchain and Bitcoin, two tech buzzwords that seem to be making more and more appearances in other industries these days. But what could they do for health care?

By Emily Payne | Updated on January 23, 2018
As with other cryptocurrencies, Universal Health Coins could be “mined” by both consumers and health care providers. (Image: Shutterstock)

Blockchain and Bitcoin, two tech buzzwords that seem to be making more and more appearances in other industries these days. Bitcoin in particular has garnered a lot of attention in recent weeks, rising to unprecedented value before a series of volatile dips and recoveries.

What could it do for health care? Take away piles of paperwork and administrative red tape, for one. That’s the proposal of Universal Health Coin, a financial system built on blockchain technology and cryptocurrency, replacing third-parties (including brokers, insurers and the government) with artificial intelligence.

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