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Complete

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The healthcare industry is currently going through a digital transformation, and the implementation of blockchain technology has emerged as a promising solution to overcome many of the difficulties faced by healthcare financing systems. This research paper presents a systematic review of the existing literature to recognize the issues that healthcare financing systems are currently facing and how they can be addressed through blockchain solutions. The review also identifies potential solutions and frameworks proposed for the implementation of blockchain solutions. The study has revealed that the combination of blockchain technology and machine learning has high potential in developing a smooth healthcare financing system that is secure, accessible, and has data integrity. The use of blockchain can provide a secure and transparent platform for storing and sharing healthcare data, leading to improved accuracy and efficiency of healthcare financing systems. By integrating blockchain 3.0 with healthcare 4.0 processes and technologies, a real-time and reliable blockchain-based healthcare system for financing can be developed that is highly secure, transparent, and can execute transactions on any IoT-enabled device. The study has revealed that the Ethereum blockchain network is the most suitable platform to implement a distributed ledger to address the challenges faced by healthcare financing systems. This is due to the various applications of the platform already being used within remote medical healthcare operations and other healthcare processes as found in the literature. The study's findings are expected to contribute to the ongoing discussion on the digital transformation of the healthcare sector through emerging technologies.

Paper Number

1924

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Aug 10th, 12:00 AM

Adoption of Blockchain to Address Healthcare Financing System Challenges: A Systematic Review

The healthcare industry is currently going through a digital transformation, and the implementation of blockchain technology has emerged as a promising solution to overcome many of the difficulties faced by healthcare financing systems. This research paper presents a systematic review of the existing literature to recognize the issues that healthcare financing systems are currently facing and how they can be addressed through blockchain solutions. The review also identifies potential solutions and frameworks proposed for the implementation of blockchain solutions. The study has revealed that the combination of blockchain technology and machine learning has high potential in developing a smooth healthcare financing system that is secure, accessible, and has data integrity. The use of blockchain can provide a secure and transparent platform for storing and sharing healthcare data, leading to improved accuracy and efficiency of healthcare financing systems. By integrating blockchain 3.0 with healthcare 4.0 processes and technologies, a real-time and reliable blockchain-based healthcare system for financing can be developed that is highly secure, transparent, and can execute transactions on any IoT-enabled device. The study has revealed that the Ethereum blockchain network is the most suitable platform to implement a distributed ledger to address the challenges faced by healthcare financing systems. This is due to the various applications of the platform already being used within remote medical healthcare operations and other healthcare processes as found in the literature. The study's findings are expected to contribute to the ongoing discussion on the digital transformation of the healthcare sector through emerging technologies.

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