Challenges Blockchain Technology and Initial Coin Offering ICO in Healthcare from Legal Perspectives

Abstract

This paper reviews the empirical literature on Initial Coin Offering (ICO), blockchain technology and impact for healthcare based on legal perspectives. The rise of blockchain technology has given impact especially on financial sector and business, there are very limited research been done about the implications of this technology in healthcare sector. Based from the literature it shows that it is still scarce about blockchain and initial coin offerings in healthcare industry. The scope of this article is twofold which is i) to understand the impact of blockchain technology and initial coin offering in healthcare industry; and 2) to understand the legal challenges especially in initial coin offerings. The revolution of blockchain technology will provide more positive impact in healthcare sector and can be used as new strategic directions for future research.