Distributed ledger technology has been hyped as a magic pill for cybersecurity, interoperability and more. Over the past year, bitcoin and other cryptocurrencies have come into public view as the value of a single bitcoin neared $20,000. Lesser known is that underlying these cryptocurrencies is a data protocol called distributed ledger technology, or blockchain, that offers wide-ranging potential applications in digital technology. Marked by its high security, speed, encryption and immutability, blockchain technology is already making headway in finance, supply-chain management, distributed computer storage, digital contracts and several other areas. Healthcare, too, is an emerging area of interest for blockchain solutions.

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