Application of Blockchain Technology in the Field of Medical Devices

In recent years, Blockchain technology has been mentioned for many times in the fields of finance, Internet and energy, and it is a distributed data ledger that is decentralized, authentic, reliable, traceable open and transparent. Blockchain is constantly figuring out how to integrate with other industries. This paper analyzes the current situation in the field of medical devices of China by combing the Annual Report on Medical Device Adverse Event Monitoring from 2013-2019, and using the compound annual average growth rate. The analysis found that this field has pain points such as lack of third-party regulation and difficulty in traceability, and then it proposed the specific application of blockchain technology in the field of medical devices to solve the problems in this field.