Gem Partners With Capital One for Blockchain-Based Health Care Claims Management

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....

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....

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 industry. Better Records for Better Care. Currently, most hospitals have closed bookkeeping, which prohibits information learned in one corner of the world to quickly be sent to another. It can also limit the speed that information one doctor....

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....

"It’s all possible with blockchain…" You hear this over and over at industry conferences. But this time, at the Distributed: Health conference in Nashville, this pie-in the-sky statement got a bit more pushback than usual. According to many of the speakers at the on 3rd October show, blockchain tech stands to disrupt the complex and frustrating healthcare system in a positive way, mostly revolving around simplifying the management and transfer of health records and information. Chris Kay, senior vice president and chief innovation officer at Humana, said during the morning....