Blockchain Provider Gem Pursues Expansion Into Health Care Sector
Gem, a provider of enterprise blockchain development and operations tools, is entering Nashville’s booming health care sector. Micah Winkelspecht, the founder and CEO of Gem, said in a recent interview with Venture Nashville that the decision to increase the company's focus on health care was made after a six-month period of growing interest from the....
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Gem, a provider of enterprise blockchain solutions, launched Gem Health, a network for developing applications and shared infrastructure for healthcare powered by the Ethereum blockchain, and announced that Philips Blockchain Lab, a research and development center of healthcare giant Philips, is the first major healthcare operator to join the Gem Health network. Gem Health is a blockchain network for the global community of companies and individuals that take part in the continuum of care. The company intends to leverage blockchain technology to address the trade-off between patient....
Blockchain company Gem aims to tackle one of the biggest issues in health care insurance claim payments: providers have to wait a long time to get paid. Moving toward that goal, the ambitious startup just scored a major partnership with Capital One. In a recent press release, Capital One announced it is “reinventing” its treasury management platform to include, among other things, advances in health care claims applications. As part of that, the financial conglomerate is partnering with several digital technology providers, including Gem. “Blockchain technology connects the ecosystem to....
Blockchain and digital health services could be a perfect match for each other across a variety of applications. From distributed interoperable health records to proof of adherence for medication, the healthcare industry is ripe for digital innovation. More generally, technology is a hyper-deflationary force, and this could be particularly effective in delivering quality health care through more effective channels such as mobile apps. Investments in the digital health space have increased significantly in the past two years. This is largely possible because of improved low-power sensors....
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....
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....