Innovative Blockchain Solutions Transform Data Security and Patient Care
Blockchain technology in healthcare market offers an unassailable and decentralized digital ledger system that enables healthcare patients, providers, and organizations to transparently and unalterably share medical data. The use of blockchain in healthcare is exploding as it securely manages data, provides enhanced visibility in the supply chain, and can reduce costs by simplifying administrative activities such as billing and claims.
Key Growth Drivers and Opportunities
Soaring Cyber Attacks on Healthcare Industry: The increase in cyber-attacks aimed to healthcare systems means blockchain can be advanced and adopted as a tool to protect against breaches and ransomware due to the various vulnerabilities in centralized systems. With blockchain, the data is decentralized, encrypted, and immutable. Blockchain gives users the capability to securely share data with specific people and also manages this access via a smart contract. Many companies have used blockchain to promote better record keeping and more security. This more secure and efficient method increases trust in patients and stakeholders, ultimately driving the growth of blockchain within this sector.
Challenges
Blockchain technologies face hurdles in healthcare such as high costs, complex integration, no standards, and unskilled individuals, which hold back support the overall adoption and scalability of blockchain technologies in the healthcare sector.
Innovation and Expansion
Arculus, IT Lab, and Circular Protocol Introduce the First Blockchain-Powered Healthcare Provider Ecosystem
In March 2025, Circular Protocol has announced a partnership with Arculus by CompoSecure (CMPO) and IT Lab to create the first blockchain-compliant ecosystem for healthcare providers. The initiative focuses on enhancing digital transparency and protection in global healthcare through blockchain technology.
The system integrates Arculus Authentication into Circular's MedTech device, providing healthcare facilities with physical cards containing private keys. These cards enable authorized personnel to digitally sign procedures and transactions on the Circular blockchain through a simple tap-to-computer interface.
Inventive Sparks, Expanding Markets
Key tactics for blockchain technology companies in the healthcare industry include forming strategic partnerships with IT companies and healthcare providers, funding R&D to improve scalability and interoperability, and concentrating on regulatory compliance to protect data privacy. Businesses are also prioritizing the use of AI and IoT technologies, entering emerging markets, and developing specialized blockchain solutions for supply chain management, clinical trials, and patient data protection in order to meet the industry's transformation. VERRA, Patientory Inc., BurstIQ, Chronicled, Guardtime, and others are major companies in the blockchain technology healthcare business.
About Author:
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.
TIME BUSINESS NEWS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
Rise in VC activity tees up ‘strong year' for medtech funding: PitchBook
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. Increases in venture capital investments have positioned 2025 to be a 'strong year for global medtech funding,' according to a report from market data research firm PitchBook. First quarter VC funding totaled $4.1 billion, the highest it has been since 2022. The number of confirmed transactions hit 216, reversing a four-quarter decline. However, the uptick in medtech mergers and acquisitions that PitchBook predicted under the second Trump administration has yet to emerge, and antitrust regulators are still challenging deals. Medtech VC activity fell in both 2022 and 2023, according to PitchBook. Last year brought signs that the market might be bottoming. The number of VC investments fell for the third year in a row, but the amount of funding was higher than in 2023. Signs of a VC recovery continued into the first quarter of 2025, when the $260 million investment in whole-body-imaging startup Neko Health was the largest of 11 rounds worth $100 million or more. With Elon Musk's brain implant startup Neuralink raising $650 million this month, PitchBook said preliminary data for the second quarter shows more than $3 billion of medtech VC funding so far. VC exits are rare, though. PitchBook said there were no significant medtech VC exits in the first quarter, and the total exit value remained roughly in line with the previous two quarters. Total exit value in recent years has been driven by rare big deals, such as Tempus AI's initial public offering in 2024 and the $6 billion acquisition of Athelas in 2023. PitchBook highlighted three notable exits that closed in the first quarter: Beta Bionics' IPO, Hologics' $350 million takeover of Gynesonics and Boston Scientific's $540 million acquisition of SoniVie. The level of activity has fallen short of PitchBook's expectations. 'Our earlier thesis that the new U.S. presidential administration's more lenient regulatory stance would catalyze M&A activity has yet to play out, as broader market turbulence in early 2025 has complicated dealmaking conditions across sectors,' PitchBook said. 'Additionally, regulatory resistance remains a headwind.' PitchBook cited the Federal Trade Commission's legal challenge to the $627 million private equity buyout of Surmodics as evidence of ongoing regulatory resistance. The FTC challenged the deal on the grounds it 'would lead to a highly concentrated market for outsourced hydrophilic coatings and eliminate significant head-to-head competition.' Recommended Reading Medtech venture investment recovery continues, but startup M&A remains limited: Pitchbook Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
a day ago
- Time Business News
Innovative Blockchain Solutions Transform Data Security and Patient Care
Blockchain technology in healthcare market offers an unassailable and decentralized digital ledger system that enables healthcare patients, providers, and organizations to transparently and unalterably share medical data. The use of blockchain in healthcare is exploding as it securely manages data, provides enhanced visibility in the supply chain, and can reduce costs by simplifying administrative activities such as billing and claims. Key Growth Drivers and Opportunities Soaring Cyber Attacks on Healthcare Industry: The increase in cyber-attacks aimed to healthcare systems means blockchain can be advanced and adopted as a tool to protect against breaches and ransomware due to the various vulnerabilities in centralized systems. With blockchain, the data is decentralized, encrypted, and immutable. Blockchain gives users the capability to securely share data with specific people and also manages this access via a smart contract. Many companies have used blockchain to promote better record keeping and more security. This more secure and efficient method increases trust in patients and stakeholders, ultimately driving the growth of blockchain within this sector. Challenges Blockchain technologies face hurdles in healthcare such as high costs, complex integration, no standards, and unskilled individuals, which hold back support the overall adoption and scalability of blockchain technologies in the healthcare sector. Innovation and Expansion Arculus, IT Lab, and Circular Protocol Introduce the First Blockchain-Powered Healthcare Provider Ecosystem In March 2025, Circular Protocol has announced a partnership with Arculus by CompoSecure (CMPO) and IT Lab to create the first blockchain-compliant ecosystem for healthcare providers. The initiative focuses on enhancing digital transparency and protection in global healthcare through blockchain technology. The system integrates Arculus Authentication into Circular's MedTech device, providing healthcare facilities with physical cards containing private keys. These cards enable authorized personnel to digitally sign procedures and transactions on the Circular blockchain through a simple tap-to-computer interface. Inventive Sparks, Expanding Markets Key tactics for blockchain technology companies in the healthcare industry include forming strategic partnerships with IT companies and healthcare providers, funding R&D to improve scalability and interoperability, and concentrating on regulatory compliance to protect data privacy. Businesses are also prioritizing the use of AI and IoT technologies, entering emerging markets, and developing specialized blockchain solutions for supply chain management, clinical trials, and patient data protection in order to meet the industry's transformation. VERRA, Patientory Inc., BurstIQ, Chronicled, Guardtime, and others are major companies in the blockchain technology healthcare business. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
Forbes
a day ago
- Forbes
Clarity, Not Volume, Drives Trust In Pain Management Messaging
Christy Saia-Owenby is the Founder & CEO of MOXY Company, focused on strategic growth for medtech, healthcare brands and physician leaders. getty In today's spine and pain management landscape, the only thing more overwhelming than the condition itself is the sheer volume of competing messages claiming to provide relief. For potential patients, this information overload—and the social baggage that comes with it—often creates more confusion than clarity. But it's not just patients who are caught in the noise. For healthcare organizations, medical technology companies and physicians, the spine and pain space presents one of the most complex communication challenges in medicine today. Having worked extensively in this space, I have seen firsthand how complexity is often underestimated. When agencies or partners claim they can effectively market pain products, procedures or providers without a true understanding of the clinical, emotional and social dimensions of pain, it raises a necessary question: Are they advancing care, or simply chasing attention? Pain is deeply personal, often invisible and difficult to define. So is the messaging around it. Crafting communication that is clear, credible and collaborative requires more than marketing tactics—or inflated vanity metrics designed to make generic messaging appear effective. It demands empathy, precision and a deep understanding of both the science and the stigma surrounding pain. In a market saturated with bold promises and competing voices, the question for healthcare communicators becomes urgent: How do we break through the noise—without adding to it—and build trust in a space where trust is often the first casualty? One of the most common mistakes in spine and pain communication is casting too wide a net with a generic message in an attempt to capture the attention of the millions of people living with pain. While the potential audience is expansive—with nearly 21% of U.S. adults living with chronic pain—seeking mass appeal should never come at the expense of relevance. In an effort to seem inclusive, many medtech brand strategies end up overly generalized, lacking the nuance needed to truly connect. Ironically, this often alienates the very patients they hope to engage and help. This challenge is amplified by the realities of information overload. Studies show that an excess of digital content can significantly impair decision making, productivity and well-being, illustrating why focused positioning is critical for impact. The fundamental role of a healthcare brand strategist is not to promote everything to everyone; it is to deeply understand a specific pain point and deliver a clear, confident solution—your solution. In the spine and pain management space, a strong communication strategy isn't just good branding; it's a public service. Specificity is the antidote to overload. While pain may be physical, how individuals experience it and seek help is intrinsically emotional and cultural. When healthcare communicators neglect to acknowledge this critical facet of care, campaigns miss the opportunity to connect with patients on a core level. Research shows that shame can act as a silencer, with many reporting that feelings of embarrassment or unworthiness prevent them from seeking care or sharing their despair. This stigma is often exacerbated for those with chronic pain conditions where symptoms manifest in intimate or invisible ways. As a result, many patients internalize the belief that their suffering is exaggerated or illegitimate, creating uncertainty around when and how to chart a pain-free path forward. As communicators, we must understand the social context in which we operate. It's not enough to promote a product—we need to validate the pain journey. That means highlighting the full treatment trajectory—not just the treatment itself—and honoring the emotional realities that come with it. Compassionate and candid campaigns that emphasize empathy and care build trust. And trust is the bridge between despair and repair. In today's fractured care landscape and increasingly crowded digital space, patients aren't just searching for a service—they're seeking guidance. They need trusted sources to help them navigate information overload, form informed opinions and chart a clear path forward. That's where strategic healthcare communication becomes invaluable—not by saying the most or shouting the loudest, but by communicating with clarity, calm and purpose. The most impactful messaging positions itself thoughtfully within the care continuum, defining a clear niche while acknowledging the complexity of available treatment options. A strong brand strategy doesn't just promote—it provides context. It demonstrates an understanding of the social, emotional, physical and financial barriers patients face, while staying grounded in the specific solutions you offer. When healthcare communicators do this well—offering insight, not just persuasion—they are no longer seen as promoters. They become trusted guides. In a space as personal and high-stakes as pain care, that shift isn't just good strategy—it's a public service. Pain management requires collaboration, not competition. The future of healthcare communication lies in uniting disciplines, honoring lived experiences and crafting clear, evidence-based messaging that rises above the digital noise. When you move beyond simply promoting services or new medtech—and start genuinely connecting with people, their challenges, their passions and their goals—you stop being just another provider or product. You become part of their story. That's how brands, hospitals, surgeons and the entire healthcare industry can stand out—not by shouting louder, but by mattering more. As brand strategists and communicators, our role is not just to amplify, but to advocate. We must continually ask: How can our messaging make patients feel more seen? How can it reduce fear, silence shame and open the door to trust? When patients feel seen, they are not only more likely to seek care; they are also more likely to believe in the care they receive. At the end of the day, clarity isn't just a smart strategy. It's good medicine. Forbes Agency Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?
