PwC: Half of health Organizations are Now Working on Blockchain

Australian Department of Home Affairs blockchain for international trade

According to a study by PwC, there’s evidence to suggest that this is the ideal time to launch blockchain projects. Failure to do so could mean you risk falling behind your competitors (that use distributed digital ledger technology to carry out operations). Blockchain has gained more traction over the years.

PwC reports that 49% of global healthcare companies have adopted the Blockchain initiative.

Why Does This Matter?

PwC’s report isn’t alone in this stance regarding the Blockchain. Earlier in the year, Gartner and IDC shared a similar view of Blockchain. Gartner insisted that CIOs should consider the Blockchain initiative or risk falling behind competitors that move first. While IDC, on the other hand, recommended pushing for Blockchain interoperability among patients and health care providers as well as deciding whether or not to use a public Blockchain.

What Others Had to Say About Blockchain Gaining Traction

In PwC’s report, titled A Prescription for Blockchain and Healthcare: Reinvent, PwC’s researchers found that the 49% of the global 74 healthcare companies it contacted during the study include enterprises developing, implementing or piloting multiple Blockchain endeavors.

In May, Deloitte proclaimed that no matter the skepticism relating to scalability, security and sustainability, affecting the ecosystem, Blockchain is still gaining traction.

Meanwhile, Chilmark Research analysts cited Blockchain’s potential as a “transformational infrastructure” when it comes to sharing data, improving quality, and improving data privacy. However, Blockchain still has many major challenges to scale through.

PwC’s report revealed that 61% of respondents pointed to the lack of Blockchain expertise as a reason holding them back. They also found that another 47% cited lack of trust, while 39% said regulatory uncertainty, and 37% believe the inability to bring the Blockchain network together as a barrier.

What’s more, another 36% listed blockchain interoperability plus 33% cited the networks inability to scale as inhibitors. Finally, 31% insisted that cast was the major reason why their organization haven’t progressed further in the Blockchain.

XRP (XRP) Has Steadily Moved Upwards and is Near Coupling With Ethereum (ETH)

XRP’s market performance is arguably the most notable in recent days. The digital token has been pushing to be equal with Ethereum (ETH). Ethereum’s demand is generated from many of sources regularly as these token platforms need it to operate appropriately and process transactions swiftly as well as conducting ICO launches.

XRP’s demand, on the other hand, is more tricky and it relies on the requirements of large institutions that have in recent years integrated the platform to operate as a means of moving funds cheaply across borders.

XRP (XRP) Price Today – XRP / USD

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XRP (XRP) has continued to impress, having weathered the winter of low valuations to push further toward a realistic dollar parity. This means that parity is not solely reliant on the price of Bitcoin (BTC). It means that a user is willing to take a dollar to conduct an exchange for XRP. This might be different when compared to prices reflected on the BTC/XRP charts on the close of trade. Nevertheless, they stand at 50 cents per token.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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