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It’s been a great year for cryptocurrencies, and even greater for blockchain. In 2017, blockchain was embraced in many industries. One of them has been healthcare, where the massive opportunities have been embraced in order to lead the way to a new transformation.

From medical records to the supply of pharmaceutical products, blockchain has adopted smart contracts for payment distribution. By leveraging the blockchain technology in healthcare, the world is heading to a new revolution where progress will be instantly seen.

Although it’s hard to say this, healthcare is a business. When making the purchasing decisions for profit and not for profit, people need to use the same logic and ask themselves “How can blockchain improve healthcare as a business and bring efficiency and savings?”

The answer is simple – the top companies in blockchain could make an open system architecture with nodes that are operated by a variety of key companies in the industry. These include supply chain participants, service providers for the industry and trusted technology companies.

However, in order to launch this network, those involved must develop a blockchain solution that allows full privacy and no leakage of business intelligence. The working groups and companies embracing this technology will continue to develop the vision and governance for such an industry platform that will launch as a commercial solution. Hopefully, we will see massive success in 2018 in the pharmaceutical supply chain.

In the end, it’s hard not to see blockchain as a platform that guarantees success. From healthcare to banking, it is already pivoting to a great future.