It’s 2018. Blockchain is here, opioids have caused a national emergency, and those two things have more to do with each other than you’d think.
Some companies think the answer to the U.S. drug epidemic is blockchain. But to explain why blockchain technology has anything to do with health care (at this point it’s mostly associated with digital money), you’ve got to understand what a blockchain is.
KUT is here to help. “A lot of times people will say that blockchain is like the internet, but the thing is, it’s not like that at all,” says Tiana Laurence, author of Blockchain for Dummies.
When Laurence explains that blockchain is not the internet, what she means is that blockchain is more like computer software used like a shared spreadsheet or account book. It’s a way to keep track of anything from money to identity documents like birth certificates.
But the document keeping track isn’t just a file on your computer; it’s a shared document. In blockchain-speak, it’s a “distributed ledger.” A ledger is like one of those heavy books accountants used to log all of a company’s financial transactions. Read more from kut.org…
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