Medical data of 40 million members will be protected, Anthem, the second largest health insurance giant in the United States, uses blockchain like this

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

surgery-1807541_1280

Source: Pixabay

As reported by Forbes on December 12, Anthem plans to use blockchain technology to provide patients with secure access to their medical data, while also making it possible for them to share data they deem appropriate. Anthem CEO Gail Boudreaux said at the 8th Forbes Medical Annual Summit in New York:

"What the blockchain may offer us is that we don't have to worry about those trust issues. We now have the opportunity to share data where people can make their own decisions."

The company is currently conducting a pilot test on a smaller group of members who can use mobile applications to scan QR codes and immediately allow different healthcare providers to access their health records for a limited time. Anthem Chief Digital Officer Rajeev Ronanki said:

"We think this is quite transformative for health.We are essentially creating a license-based system that will allow consumers to have their own medical data and then provide it appropriately to providers."

According to reports, Anthem plans to launch this new blockchain-based system in several stages starting from 2020.

Anthem partners with insurance giants Aetna, PNC Bank and IBM

Earlier this year, Anthem partnered with health insurance giants Aetna, PNC Bank and IBM to create a blockchain network targeted at the healthcare industry. Chris Ward, an executive at PNC Bank's money management department, said at the time that implementing a blockchain solution could eliminate the friction, duplication, and management costs that continue to plague the healthcare industry.

Hospitals, health insurance companies, and other industry professionals continue to explore blockchain technology and its benefits for sharing, protecting, and simplifying sensitive health-related data.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

South Korea officially legalizes cryptocurrency transactions, Bitcoin stands at $ 9,000

The entire session of the National Assembly of South Korea passed an amendment to the "Reporting and Utilization...

Blockchain

A major Brazilian bank announces closure of accounts on cryptocurrency exchanges

As a large commercial bank refuses to comply with the "Prevention of Cryptocurrency Exchange Account Closure&quo...

Blockchain

Alameda Engineer SBF stole my life savings

As an engineer at Alameda Research, my entire life savings were stolen by my former boss, Sam Bankman-Fried (known to...

Market

Bitcoin stays stable at $30,000, is this a signal of a bull market?

Since 2023, the Bitcoin market has maintained a continuous growth trend, recently rebounding to over $31,000 in the p...

Blockchain

Xiaoyan follow-up: CZ, Nathan Kaiser, ten "big coffee" in the same box, market, trading, technology, all the nets

The Asian Block Summit was held in Taipei on July 2nd and 3rd. The summit focused on “blockchain business ...

Opinion

Why is selling risk the good business model?

The top companies, the market makers, are the ones who sell risk. They are the giants who have stacked up their finan...