On the 2022 Global Crypto Adoption Index created by blockchain research company Chainalysis, India has recently taken fourth place. Indian healthcare and logistics sectors stand to gain the most from blockchain technology, according to UAE-based investment firm Cypher Capital. Medical records are centralized to providers within India’s healthcare industry, which is anticipated to reach $372 billion (roughly Rs. 29,61,473 crore) this year. “This results in redundant data and fragmented records among stakeholders. By creating a trust-based ecosystem that unifies patient data and charts the entire patient journey in the nation, blockchain can alleviate the pain point that healthcare providers experience when trying to protect their records from cyber hacks and outages. In addition, this data would be much safer because it wouldn’t be under the control of a single party, Vineet Budke, managing partner and CEO of Cypher Capital, said in an interview with Gadgets 360.