The company founded by Joseph Lubin, ConsenSys, has announced that it will spin off its health division. The new ConsenSys Health company will develop blockchain use cases to tackle issues in the U.S. healthcare industry and per ConsenSys, blockchain can improve on this by addressing the rising costs of research and administration.
Blockchain technology will also improve this by making data sharing safer and faster, expanding access to care and engaging patients directly.
The use of blockchain is expanding as China and other countries are seriously developing the technology by using and testing it in many sectors