Fortune January 24, 2019
Even as U.S. healthcare spending grew by 3.9% in 2017, the system remains riddled with waste, inefficiencies and data silos. In response, a consortium of healthcare giants that include Aetna and Anthem are testing out blockchain technology as a possible fix.
On Thursday, IBM announced that the consortium, which also includes PNC Bank and Health Care Service Corporation, will experiment with a version of blockchain known as Hyperledger Fabric in a bid to reduce administrative errors and streamline record keeping.
Blockchain is a distributed ledger system run across multiple computers that creates an indelible, tamper proof record system. It is gaining traction in industries like finance and shipping, in part because it can be an efficient way to provide access...
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