The Blockchain for Heathcare: Gem Launches Gem Health Network With Philips Blockchain Lab

Health care giant Philips has officially launched the Philips Blockchain Lab, a research and development center located in Amsterdam and focused on the emerging technology. In a post on its website, Philips said that the lab follows six months of exploratory research, and that the goal of the effort is to unite the company's IT experts, healthcare professionals and blockchain developers to continue this progress. Philips indicated that it is seeking collaborators and developers to conduct projects, offering a form on the website where users can subscribe to a newsletter or voice their....

Philips Healthcare has confirmed it is currently exploring potential applications for blockchain technology. A division of the larger Netherlands-based parent company, Philips Healthcare saw €9.18bn in sales for fiscal year 2013-2014, a figure that doubled the sales recorded by its consumer lifestyle and lighting divisions and accounts for roughly 40% of its revenues, according to The Wall Street Journal. The company's interest was first revealed in a tweet by Wayne Vaughan, CEO of blockchain-based record-keeping startup Tierion, who touted the service as a "first project" with the health....

While Fintech has had most of the limelight when it comes to controlling the future revolutionary applications of blockchain technology, there are still several massive industries ripe for disruption that will potentially be able to use blockchain for their business models. In an effort to jump-start that process in the healthcare industry, Philips has launched a “blockchain lab” to explore the potential usage of the blockchain in connected healthcare. In their headquarters in Amsterdam, the Netherlands, Philips will be offering a dedicated space for Philips IT experts, healthcare....

Although details are currently scarce, a quick statement posted on blockchain-servicing engine Tierion's twitter account confirms that it now counts Phillips as a customer with the latter looking to explore the potential of blockchain technology with its successful healthcare arm. Philips Healthcare is now among the growing list of companies around the world looking to tap into the applications of block chain technology. Although the Dutch electronics maker is primarily known for its household products, Philips' largest business is its health-care division. It competes with the likes of....

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....