Distributed Ledger Technology (DLT) will play an important role in enabling new business networks and it will find its way into the core of many mainstream processes, but DLT will not bring about the dramatic transformation that proponents claim. While it will certainly play a role in supporting transformation, much of the hard work that will be required in order to digitize old and inefficient processes will have little or nothing to do with blockchain technology itself.

Listed below are the key developments in the history of blockchain, as identified by GlobalData.

2008 – Satoshi Nakamoto publishes original Bitcoin White Paper

2009 – First units of the bitcoin cryptocurrency released

2010 – Mt. Gox, a bitcoin exchange, launched in Tokyo

2013 – The price of a Bitcoin exceeds $1,000

2014 – Mt. Gox exchange suffers massive fraud and halts bitcoin withdrawals

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By GlobalData

2015 – Ethereum, an open-source, public blockchain platform is launched

2015 – Microsoft launches Ethereum-Blockchain-as-a-Service (EBaaS)

2015 – Visa, Citi, and Nasdaq invest $30M in blockchain start-up Chain.com

2015 – The Linux Foundation announces the creation of Hyperledger, a rival to Ethereum

2016 – Federal Reserve works on building a payment system in partnership with IBM

2016 – R3 CEV launches Private Distributed Ledger Pilot

2016 – Estonian E-Health Foundation launches project to safeguard patient EHRs using blockchain

2017 – Cisco, Foxconn, Gemalto and others form IoT Blockchain Consortium

2017 – IBM Blockchain, the first enterprise-ready blockchain service, is launched based on Hyperledger Fabric

2017 – Chronicled and the LinkLab announces the MediLedger project, a blockchain-backed system to safeguard the pharmaceutical industry

2018 – ASX launches the world’s first blockchain trading platform, built by Digital Asset Holdings

2018 – Senegal launches the world’s first national digital currency, the eCFA

2019 – FDA, IBM, Merck, Walmart, and KPMG collaborate on blockchain pilot project to track pharmaceuticals

This is an edited extract from the Blockchain in Healthcare – Thematic Research report produced by GlobalData Thematic Research.