Dr. Leen Kawas highlights how Blockchain technology, typically associated with cryptocurrency, is utilized within the healthcare space.
In the ever-evolving digital data arena, Blockchain technology has changed the nature of the playing field. Blockchain’s increased transparency, better security, and real-time traceability are driving the technology’s dynamic growth.
To illustrate, a 2023 Grand View Research report valued the worldwide Blockchain technology sector at $10.02 billion in 2022. From 2023 to 2030, the aggregate Blockchain market is predicted to expand at an impressive 87.7 percent compound annual growth rate (or CAGR). A huge influx of venture capital funding is driving this aggressive market expansion.
Leen Kawas, PhD, is well versed in venture capital’s impact on emerging biotech and life sciences business growth. Dr. Leen Kawas is Propel Bio Partners’ Managing General Partner. This Los Angeles-based biotechnology venture capital firm works with biotech entrepreneurs seeking to advance their companies. Dr. Kawas recognized that Blockchain technology is important to many business ventures.