How Does Smart Contract Development Redefine the Healthcare Sector?

The healthcare sector, like many others, faces a myriad of risks. Among these risks, medicine falsification emerges as a significant threat to public health. The root cause of this problem stems from the opaque nature of the centralized supply chain within healthcare. This lack of transparency leaves consumers unaware of whether medications have undergone rigorous quality checks. However, medicine falsification is not the sole challenge plaguing the healthcare ecosystem. Billing fraud, identity theft, clinical trial data manipulation, insurance fraud, and more, are also a matter of concern.