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 centric care and operational efficiency by creating a healthcare ecosystem connected to universal data infrastructure. “Shared infrastructure allows us to create global data standards without compromising privacy and security,” notes the new Gem Health website.
The Gem Health blockchain network includes identity schemes, data storage, and smart contracts applications that execute against shared data infrastructure. Using the Gem Health network, different healthcare operators can access the same information, which will permit the development of a new class of blockchain-based applications that will unlock wasted resources and solve important operational problems in healthcare.
Closed book-keeping and medical record repositories prevent effective interoperability and collaboration between different healthcare providers, which is an important issue for people who relocate or become sick when they travel and are unable to connect with their local doctor to retrieve their medical records. It’s also important to note that new medical research is introduced every year, which makes it difficult for individual physicians and healthcare providers to keep up with medical innovation.
“A lot of healthcare companies started reaching out to us,” Gem Founder and CEO Micah Winkelspecht told Bitcoin Magazine . “A lot of companies were suffering from these same pain points – working with siloed data that we could bridge together. Use cases of distributed ledger technology span […]
