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 learns to be passed to his or her colleagues. This can especially present a challenge for people who relocate or become sick when they travel and are unable to connect with their local doctor to retrieve their medical records.
And an enormous amount of new medical research is introduced every year. It can be extremely difficult for any doctor or group of doctors to keep up with the newly released content or old practices that become outdated. It can even be difficult for doctors to determine whether a practice they read about in a new medical document is even accurate until they test the material for themselves.
Winkelspecht explained in a guest post in the Distributed Ledger that integrating the blockchain into the health care sector has made it possible to “build a global repository of data in the industry that each party can trust reliably.” Every company has access to the same data that is shared transparently so that there is only one log of events that everyone agrees is the truth.
The Future of Decentralized Health Care Technology
Gem already has several clients in the health care sector, Winkelspecht told Venture Nashville , and the blockchain resources being developed for them are in the proof-of-concept stage. […]
