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To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. How could health care benefit from blockchain technology? What needs to be done to build the health care blockchain? What will be the role of government? What is a shared, public ledger? Go to the Features category archives.
2 billion of investment from some of the world’s leading corporations for its security and immutability. 1 More than 130 million secure Bitcoin transactions have occurred since the digital currency launched in 2009. As blockchain technology continues to develop, it is important that surgeons and other stakeholders understand both its capabilities and its limitations. In the wake of the 2007 financial crisis, an anonymous individual or group of individuals, using the pseudonym Satoshi Nakamoto, published a white paper proposing a peer-to-peer electronic payment system. 8 The proposed system eliminated trusted third parties, such as banks and credit card companies, from online financial transactions and replaced them with secure, peer-to-peer financial networks. Nakamoto proposed that these blockchains, rather than being stored in a single, central repository, should be distributed to multiple locations, thus making blockchain theft or alteration impossible. Each node, or computer system involved in supporting the blockchain network, holds its own identical copy of the blockchain, in what is known as a shared ledger.