Tag Archives: bitcoin

Adam Kassam  is the chief resident in the Department of Physical Medicine & Rehabilitation at Western University

Jeremy Wasserlauf is a fellow in cardiovascular disease at Northwestern University Feinberg School of Medicine

 

The meteoric rise of bitcoin has fueled worldwide interest in cryptocurrencies and, more broadly, blockchain technology. The once obscure brainchild of Satoshi Nakamoto has evolved into a speculator’s paradise, rivaling the dot-com bubble of the early 2000s. While bitcoin’s future as a digital currency is a topic of debate, its underlying blockchain software has become the foundation for a technological revolution that began in finance, but is quickly transforming other industries. The application of blockchain to the world of healthcare may prove to be its most humanitarian of functions.

Acclaimed as one of the biggest innovations since the internet itself, blockchain eliminates trusted third parties such as banks from online transactions and replaces them with a decentralized database, or a ledger, of transactions. The ledger is stored across a network of computers that is visible to everybody, and a combination of cryptographic keys is used to create a secure reference of identity. ...continue reading