Business & Management Studies

Identifying technology trends for future blockchain applications in healthcare: A patent perspective in the era of industry 4.0

Identifying technology trends for future blockchain applications in healthcare: A patent perspective in the era of industry 4.0

By analyzing patent publication patterns, primary technological classifications, and references to leading patents by competing companies, the investigation effectively traces the technological advancements of blockchain technology.

Authors

Vinayak A. Drave, Assistant Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.

Ateequr Rahman, School of Management & Entrepreneurship, IIT Jodhpur, Jodhpur, India.

Alok K. Sharma, Department of Information Management, Chaoyang University of Technology, Taichung, 413310, Taiwan.

Li-Hua Li, Department of Information Management, Chaoyang University of Technology, Taichung, 413310, Taiwan.

Summary

This study examines the potential applications of blockchain technology and their integration in the healthcare industry. The use of blockchain technology in healthcare infrastructure holds great promise, especially as we approach the era of Industry 5.0. It is crucial to explore these applications to gain a comprehensive understanding of Industry 4.0, as blockchain technology plays a fundamental role in this phenomenon.

The research utilized the patent descriptive analysis (PDA) methodology to achieve its goals. The M-Trend, a comprehensive compilation of all the patents applied and published by the United States Patent and Trademark Office (USPTO), was employed.

By analyzing patent publication patterns, primary technological classifications, and references to leading patents by competing companies, the investigation effectively traces the technological advancements of blockchain technology. The study highlights significant progress in the integration of blockchain-based applications in the global healthcare sector.

Published in: AIP Conference Proceedings, 5th International Conference on ICT Integration in Technical Education, ETLTC 2023 in collaboration with the 2nd International Conference on Entertainment Technology and Management, ICETM 2023, Aizuwakamatsu, 24 January 2023 through 27 January 2023.

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