From McKinsey & Company:
Blockchain’s core advantages are decentralization, cryptographic security, transparency, and immutability. It allows information to be verified and value to be exchanged without having to rely on a third-party authority. Rather than there being a singular form of blockchain, the technology can be configured in multiple ways to meet the objectives and commercial requirements of a particular use case.
To bring some clarity to the variety of blockchain applications, we structured blockchain use cases into six categories across its two fundamental functions—record keeping and transacting
Blockchain is big news, it is being suggested as a solution to all kinds of problems from drug addiction to welfare reform. I freely admit I do not understand the core technology but I do understand the basic concept, which is a ledger system that can not be altered guaranteeing honest transactions. Maybe.
The linked article is a good overview. I believe we will be seeing blockchain used in medicine and dentistry in all kinds of unexpected creative ways.