Health Insurance Giant Piloting With Blockchain to Secure Medical Data

Must Read

NiceCash Lets Anyone Get Maximum Out of DeFi

in One Click NiceCash launches its nVaults -...

CubeBit has come forward to sponsor Future Blockchain Summit 2020

November-18-20 - CubeBit 2.0 has come forward to sponsor Future Blockchain Summit 2020. The event will be held at...

Bitcoin Eyeing $11800 After Intense Drop

As we saw earlier today, Bitcoin started by declining from $11349 to $11176, roughly 1.76%.
- Advertisement -BTCClicks.com Banner
Earn Free Bitcoin

Anthem, the second-largest health insurance company in the United States plans to use blockchain technology to secure medical data of all 40 million members over the next three years.

On Dec. 12, Forbes reported that Anthem plans to use blockchain technology to give patients secure access to their medical data, while also giving them the possibility to share that data as they see fit. Anthem CEO Gail Boudreaux said at the 8th Annual Forbes Healthcare Summit in New York:

“What blockchain potentially gives us the opportunity to do is not worry about those trust issues. We have an opportunity now to share data that people can make their own decisions on.”

The company is currently running a pilot test to smaller groups of members, who can use a mobile app to scan a QR code, and instantly allow different healthcare providers to access their health records for a limited amount of time. Anthem chief digital officer Rajeev Ronanki said:

“We think it’s a pretty transformative thing for health […] We’re essentially creating a permission-based system that would allow consumers to own their healthcare data, and then make it available to providers as appropriate.”

Anthem reportedly plans to roll out the new blockchain-based system in several phases beginning in 2020. 

Cointelegraph contacted Anthem regarding these latest developments but had yet to receive a response as of press time. This article will be updated if new comments come in.

Anthem partnered with insurance giant Aetna, PNC Bank and IBM

At the beginning of the year Anthem partnered with health insurance giant Aetna, PNC Bank and IBM to create a blockchain network tailored to the healthcare industry. Chris Ward, an executive at PNC Bank’s treasury management unit, said at the time that implementing a blockchain solution can remove the friction, duplication and administrative costs that continue to plague the healthcare industry.

Hospitals, health insurers and other industry professionals continue to explore blockchain technology and the benefits it delivers for sharing, securing and streamlining sensitive health-related data.

- Advertisement -
- Advertisement -

Latest News

Wyoming Amends Insurance Code to Allow Insurance Companies to Invest in Bitcoin & other Cryptos

In the first provision of its kind, Wyoming is allowing the domestic insurers to invest...
- Advertisement -Earn Free Bitcoin

CubeBit has come forward to sponsor Future Blockchain Summit 2020

November-18-20 - CubeBit 2.0 has come forward to sponsor Future Blockchain Summit 2020. The event will be held at the Dubai World Trade Centre,...

USDT Is A Game Changer For Online Poker

CoinPoker - the flagman of the industry, the biggest and the oldest pure crypto poker room is the first to...

DeepTradeBot: The innovation of large companies at your service

DeepTradeBot is a collection of automated trading tools developed by Deep Neuro Networks LTD, a London, England-based company dedicated to artificial intelligence and...

Flyp.me Instant Crypto Exchange Now Supports REN Token Trading

Decentralized finance is leading the way of the cryptocurrency industry, with the REN Protocol at the front. REN Protocol is...