Exploring the Transformative Impact of Blockchain Technology on Healthcare: Security, Challenges, Benefits, and Future Outlook

ABSTRACT This study aims to methodically explore the diverse applications of blockchain technology (BT) within the healthcare domain. Additionally, it seeks to analyze the inherent challenges of integrating BT into healthcare systems. Furthermore, this study elucidates blockchain's advantageous contributions to the healthcare domain. The suggested research thoroughly reviews the literature from various databases, using predetermined criteria, such as exclusion and inclusion, to identify pertinent studies. It also demonstrates the properties of blockchain and its functionality for the patient, healthcare providers, or overall healthcare infrastructure to assist the healthcare industry in a contemporary direction. The substantial advantages of BT within the medical field are notable. However, it is vital to acknowledge the security vulnerabilities by employing a blockchain‐centered strategy to mitigate these challenges, allowing for the creation of a robust and streamlined system and framework. The importance of this study is that as this investigation navigates the convergence of healthcare and BT, it not only delineates the multifaceted applications of BT but also meticulously examines the associated security challenges. The findings of this study chart a course toward a technologically advanced, secure, and efficient healthcare ecosystem, improving patient outcomes and reshaping the future of healthcare delivery worldwide.