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Can blockchain heal what ails healthcare? Lumedic launches new quest for digital identity standards
GeekWire November 10, 2020
Health technology company Lumedic launched a new effort to create standards for digital identity in healthcare, aiming to streamline the exchange of patient data and remove bottlenecks in the larger healthcare system using blockchain technology.
The Seattle-based company, acquired last year by Providence St. Joseph Health, named Mastercard, Providence, and Cambia Health Solutions as initial partners in the effort. The company announced the initiative, dubbed the Lumedic Exchange, Tuesday morning.
The approach leverages secure digital wallets on patients’ mobile devices, letting them control their healthcare information, and determine how and with whom it can be shared. Data is stored in a private and secure blockchain, the immutable ledger technology best known for powering Bitcoin and other forms of cryptocurrency.
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