A Nuanced perspective on blockchain technology and healthcare. (November 2022) - Schinckus, Christophe
Abstract: The advantages of blockchain technology are numerous and its applications in healthcare industry are still under-estimated. In a context of increasing number of applications in healthcare sector it is important to adopt this technology in a way that is not at the origin of health issues for human beings. This short article discusses the potential side effects of a blockchain based healthcare industry that could mainly be due to the increasing needs in electricity for validation of all blockchain-based transactions\records. This note explains how and why this aspect could eventually generate some crypto-damages and ultimately might generate health issues. The aim of this essay is to provide some thoughts on the way blockchain technology could (or could not) be implemented to ensure a real sustainable, ethical and consistent healthcare system. Highlights: Analyse the link POW-based Blockchain technology and renewables energies. Advocate for a decrease in crypto-mining activities. Promote research for new crypto-mining algorithms. Promote the use of a non Proof-of-Work based Blockchain technology.