Capital One Testing Blockchain for Healthcare Claims
US financial services company Capital One is working with blockchain startup Gem on a new healthcare claims project. Capital One announced a series of new partnerships today aimed at rebooting its treasury services platform. Though details about its work with Gem are light, the firm described the project as one focused on creating new solutions using blockchain within “a scalable revenue cycle management network”. Capital One framed its work with Gem and others as a means to “reinvent” how its treasury services work. EVP Patrick Moore said in a statement: “At Capital One we see the new....
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The healthcare business is booming these days, as this sector is in dire need of some technological innovation. Even though most everyday consumers might feel the world of healthcare has evolved with leaps and bounds, there is still a lot of work left to do. Prenetics is one of the many startups exploring the healthcare market, and their focus lies on DNA testing. Perhaps blockchain technology can be of use down the line. Every time the topic of DNA testing comes up, there will be privacy advocates claiming how this method is invasive and needs to be fine tuned. Prenetics has taken these....
Hashed Health, a startup leading its namesake healthcare blockchain consortium aiming for real-world deployment of blockchain-based applications in the U.S. healthcare sector has raised $1.85 million in an initial funding round. Led by prominent healthcare sector investor Martin Ventures, the Nashville, Tennessee-based consortium announced the closure of an initial founding round earlier this week. In statements, Martin Ventures chairman and founder Charles Martin said: Blockchain and distributed ledger technologies hold tremendous promise in our attempts to place the consumer at the....
Tokenized platforms such as Ethereum have an incentive to hype the technology to increase the value of the token, says a new report by Tieron, a company that claims to be the first to complete a Blockchain healthcare project in 2015 having been the first partner in Philips Blockchain Lab. This is a part of the hype overload cited among the pitfalls presented by the Blockchain technology which Tierion’s Blockchain Healthcare 2016 Reports – Promise & Pitfalls says are more than its promises at this early stage. It adds that the hype around Blockchain has led to misinformation and....
With the announcement of Gem Health, Gem is continuing their impressive growth in delivering blockchain platforms for smart networks. Gem has always made it clear that they consider healthcare to be an attractive target for their solutions. With this announcement they have taken a large step towards building a “blockchain network for global healthcare.” The goal is for the group to build a data infrastructure capable of supporting worldwide connectivity for healthcare. Gem has signaled that this will include a community driven educational element. The group also plans to lean on Ethereum....
The storage of Electronic Health Records (EHR) in the United Arab Emirates could soon be revolutionized after the development and implementation of storing patient records on a blockchain. A partnership between UAE Telecom du, a telecom and broadband provider and NMC Healthcare, a major private healthcare provider in the region will be the first to introduce blockchain technology into the management of patient information within the UAE, according to a report by regional tech publication ITP. Some of the core characteristics of blockchain technology, including data integrity and....