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Optum, Unitedhealthcare, Humana, Others Launch Blockchain Pilot

Optum, Unitedhealthcare, Humana, Others Launch Blockchain Pilot

Optum, UnitedHealthcare, Humana, others launch blockchain pilot The alliance is one of the first, if not the first, national blockchain alliances for healthcare, says Optum engineer. Five healthcare organizations including insurers UnitedHealthcare and Humana, Optum, Quest Diagnostics and MultiPlan are launching a blockchain pilot to help payers tackle mandated provider directories. UnitedHealthcare and Optum are both part of UnitedHealth Group. Humana got involved through old-fashioned networking, according to Mike Jacobs, asenior distinguished engineer at Optum, who has been working on the test program for two years. The pilot will start in late spring through the summer with results expected this fall. I think the alliance is one of the first, if not the first, national blockchain alliances for healthcare, Jacobs said. [Also: Thinking of trying a blockchain project? Here are some must-do first steps ] The program will apply blockchain technology to improve the quality of data and reduce the administrative costs associated with insurers getting up-to-date healthcare provider demographic data. Insurers are mandated to get accurate information that is passed on to beneficiaries. The Centers for Medicare and Medicaid Services fines insurers if they do not have up-to-date provider directories. Currently, each payer must go after the same provider information separately. One problem is that providers are often inundated with similar requests from dozens of plans. [Also: Blockchain tech firms launch clinical and mobile reader products at HIMSS18 ] It takes quite a lot of time and money for insurers to reach out to providers each 90-day cycle, Jacobs said. Sometimes it takes half-a-dozen times to reach a provider through calls, emails or even through faxed information. Mana Continue reading >>

Ibm. Azure. Aws. Blockchain As A Service Market Booming - Business Insider

Ibm. Azure. Aws. Blockchain As A Service Market Booming - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our What is Blockchain Technology as a Service? Don & Alex Tapscott , authors of the Blockchain Revolution 2016, define the blockchain technology as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions, but virtually everything of value. The blockchain is a ledger, or list, of all of a cryptocurrency's transactions, and is the technology underlying Bitcoin and other cryptocurrencies. As for blockchain technology itself, it has numerous applications, from banking to the Internet of Things. In the next few years, BI Intelligence , Business Insider's premium research service, expects companies to flesh out their blockchain IoT solutions. But a few companies have already released their blockchain technology as a service. IBM Blockchain empowers businesses to digitize transaction workflow through a highly secured, shared, and replicated ledger. It is a public cloud service that customers can use to construct secure blockchain networks. IBM Blockchain has joined The Hyperledger Project to evolve and improve upon earlier forms of the blockchain. IBM Blockchain Platform states itself as the only fully integrated enterprise-ready blockchain platform designed to accelerate the development, governance, and operation of multi-institution business networks. IBM claims their blockchain product is built in a highly auditable way to track all of the activity that happens within a network, which would give administrators an audit trail in the event something did go awry. Blockchain as a Service (BaaS) by Microsoft Azure claims to provide a r Continue reading >>

Blockchain Application Provider

Blockchain Application Provider

Attores is a blockchain solutions providers. We help turn your use cases and business needs into smart contract code and blockchain applications. Attores specializes in building applications and products with smart contracts and blockchain technology. We are experts in quickly building applications on top of the Hyperledger Fabric protocol, and can create innovative solutions for your use case and business needs. We can quickly build your application to showcase your use case. We create user interfaces which are intuitive. Although blockchain technology is cutting edge, it doesn't mean your application needs to be buggy or unresponsive. Our digital signing solution uses eliptical curve cryptography and the blockchain to notarize the transactions, creating a tamper proof audit trail. Our digital signing solution uses eliptical curve cryptography and the blockchain to notarize the transactions, creating a tamper proof audit trail. Deploy diplomas, accreditations, and licenses onto the blockchain. This allows for cryptographic proof of who the issuer is, when it was issued and the current state of the certificate. Deploy diplomas, accreditations, and licenses onto the blockchain. This allows for cryptographic proof of who the issuer is, when it was issued and the current state of the certificate. Custom Services: Attores is a smart contract and blockchain service provider. We provide the know how and skills to turn your use case and business requirements into working code. Digital Signing: Our digital signing solution uses eliptical curve cryptography and the blockchain to notarize the transactions, creating a tamper proof audit trail. Digital Certificates: Deploy diplomas, accreditations, and licenses onto the blockchain. This allows for cryptographic proof of who the is Continue reading >>

The Truth About Blockchain

The Truth About Blockchain

Contracts, transactions, and records of them provide critical structure in our economic system, but they havent kept up with the worlds digital transformation. Theyre like rush-hour gridlock trapping a Formula 1 race car. Blockchain promises to solve this problem. The technology behind bitcoin, blockchain is an open, distributed ledger that records transactions safely, permanently, and very efficiently. For instance, while the transfer of a share of stock can now take up to a week, with blockchain it could happen in seconds. Blockchain could slash the cost of transactions and eliminate intermediaries like lawyers and bankers, and that could transform the economy. But, like the adoption of more internet technologies, blockchains adoption will require broad coordination and will take years. In this article the authors describe the path that blockchain is likely to follow and explain how firms should think about investments in it. Weve all heard that blockchain will revolutionize business, but its going to take a lot longer than many people claim. Like TCP/IP (on which the internet was built), blockchain is a foundational technology that will require broad coordination. The level of complexitytechnological, regulatory, and socialwill be unprecedented. The adoption of TCP/IP suggests blockchain will follow a fairly predictable path. While the journey will take years, its not too early for businesses to start planning. Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social Continue reading >>

Blockchain Alliance Aims To Tackle Provider Data Management

Blockchain Alliance Aims To Tackle Provider Data Management

Blockchain Alliance Aims to Tackle Provider Data Management Five major healthcare organizations will launch a blockchain alliance to improve provider data management and reduce costs related to data accuracy issues. -Humana, MultiPlan, Optum, Quest Diagnostics and UnitedHealthcare have announced a cooperative pilot program that will utilize blockchain technology to improve data quality and reduce administrative costs around provider data management. "Health is hard, but great breakthroughs may come from industry players collaborating around emerging, innovative technologies to make life easier for doctors and patients, said Busy Burr, Vice President and Head of Healthcare Innovation and Trend at Humana. We think industry leaders can work together to eliminate technology barriers in the health care system and promote better health outcomes. Hashed Health Blockchain Consortium Grows with Change Healthcare In order for the healthcare system to function effectively, consumers must be able to find accurate provider information when they need it, including data on credentialing and licensure. However, providing consumers with accurate, up-to-date data is a difficult feat. Many managed care organizations, health systems, physicians, and other healthcare stakeholders currently maintain separate copies of healthcare provider data, which can result in time-intensive and expensive processes when differences in provider data arise. These five organizations will explore how blockchain technology can help ensure that the most current healthcare provider information is available in health provider directories, as well as examine how sharing data across organizations with blockchain technology can improve data accuracy, increase access to care, and streamline administration processes. Continue reading >>

Health Care Groups Launch Blockchain Program To Improve Data Accuracy - Cnet

Health Care Groups Launch Blockchain Program To Improve Data Accuracy - Cnet

Health care groups to use blockchain to improve provider data Five national groups, including UnitedHealthcare and Optum, are launching a pilot program to see if blockchain can help keep data accurate. Blockchain , the technology behind bitcoin , is creeping into the health care space. Five national health care groups are launching a blockchain pilot program in an effort to to improve data quality and reduce administrative costs. A growing number of researchers and companies are finding that blockchain -- a permanent, openly accessible record of transactions -- can make sharing and accessing data more efficient. On Monday, five health care organizations -- Humana, MultiPlan, Quest Diagnostics, Optum and UnitedHealthcare -- said they're following suit, launching a pilot program to see if blockchain technology can keep health plan provider directories up to date. Typically, physicians and health systems keep separate copies of health care provider data, such as a doctor's name, address and specialty, as well as which insurance they accept. Reconciling differences in their data can be expensive and time-consuming. The commercial health care industry spends at least $2.1 billion a year collecting and maintaining provider data, according to an estimate from the Council for Affordable Quality Healthcare, a nonprofit. Blockchain could help bring down administrative costs by ensuring data is complete and accurate across all parties, the health care organizations say. "The nature of the blockchain technology really lends itself to the formation of cooperating alliances like this," said Mike Jacobs, senior distinguished engineer at Optum. "Whenever you have a situation where there's a lot of synchronization and reconciliation, it's a great use case for blockchain." The blockchai Continue reading >>

11 Blockchain Technology Stocks

11 Blockchain Technology Stocks

Banks, financial institutions and many others are adopting blockchain technology faster than anticipated. INN takes a look at public companies taking advantage of this rapidly-growing sector. Its getting harder to ignore the fact that blockchain is on the rise, particularly as more banks and financial institutions are adopting the technology faster than anticipated. Case in point, IBM (NYSE: IBM ) released a report in 2016 suggesting that 15 percent of all banks will be using the technology in 2017. By 2020, the firm states that 66 percent of all banks will have blockchain in commercial production. On a broader scale, a Market and Markets report states thatthe blockchain technology market size will be worth 2.3 billion by 2021, increasing at a compound annual growth rate (CAGR) of 61.5 percent. In other words, theres room for plenty of opportunities for investors to benefit from in this excitingand expandingmarket. Global Blockchain Technology Markets research report is a little more conservative, projecting that blockchain technology will grow at a CAGR of 55.59 percent between 2017 and 2021. The banking and finance industriesarent the only ones adopting blockchain technology. For example, it has been used in securing elections , and big companies are also making the leap into blockchain; Capital One has confirmed a blockchain project, partnering with Gem on healthcare claims. Putting it simply, theres a wealth of opportunity to be had in the blockchain industry, and its only getting started. As such, here is a look at publicly-listed blockchain technology stocks for your consideration. All numbers below are current as of November 20, 2017 at market close. Market cap: $30.69 million; current share price: $0.27 The first on our blockchain technology stocks list is 360 Continue reading >>

20 Most Promising Blockchain Technology Solution Providers - 2017

20 Most Promising Blockchain Technology Solution Providers - 2017

20 Most Promising Blockchain Technology Solution Providers - 2017 Technology today has permeated every sphere of an individuals life. With a plethora of technologically advanced devices and software at the fingertips on billions of people in the world, a new world has enfolded. Taking the advancement further is what Blockchain offers. It promises to build a world that is digitalised, open and devoid of the obstacles faced by the world currently. An ingenious innovation which first came to surface with the introduction of Bitcoin, Blockchain as a platform allows users to send value anywhere across the globe. It is an anonymous online ledger that simplifies financial transactions by taking way the middle man from the equation. It fills the three key roles in any transaction recording transactions, establishing identity and contracts thereby removing the need for an intermediary. In contrast to a bank where all the transactions and the identities of the involved parties are stored on a centralised network, Blockchain offers a more secure and private environment for carrying out transactions. If experts are to be believed, the cryptography based technology has the potential of not only disrupting the financial world but also offers unlimited potential for several other sectors. It is being touted as the technology that every business organization should take notice of. Among these constantly evolving features in Blockchain Technology organizations need to spearhead themselves to offer the best customer support and partner with the right ecommerce technology solution provider. To assist you our distinguished selection panel comprising of CEOs, CIOs, VCs, industry analysts, and magazines editorial board has selected a list of companies that exhibit innovative technologies an Continue reading >>

Insurers Will Study Blockchain To Fix Their Provider Lists

Insurers Will Study Blockchain To Fix Their Provider Lists

Insurers will study blockchain to fix their provider lists UnitedHealth Group and Humana are launching a pilot program to study whether blockchain technology can help track provider information. Published 12:01 AM ET Mon, 2 April 2018 As a patient, finding a doctor in-network on your health plan can make a big difference when it comes to out of pocket costs. For insurers and the doctors they contract with, finding a better way to keep provider lists up to date, could make a big difference when it comes to administrative costs. "From the perspective of the provider organizations ... (they) can work with up to dozens of insurance plans, and each of the plans are individually requesting or verifying the provider information," said Mike Jacobs, senior distinguished engineer with UnitedHealth Group's Optum division. The administrative costs of updating and tracking down that information are estimated to be more than $2 billion dollars a year for the health-care industry. Yet, in 2016 federal health officials found that nearly half of provider listings for Medicare Advantage plans were inaccurate, with incorrect provider addresses and phone numbers. "That's such a large issue that it's really affecting access to care for many patients," Jacobs said. Now, UnitedHealth Group and its Medicare rival Humana are launching a pilot program together to study whether blockchain technology, with its system of decentralized ledgers, can help fix the problem. The insurers will launch the new program this summer, along with Quest Diagnostics and health insurance consultants at Multiplan, to see whether they can cut costs by sharing data and reduce the administrative burden of keeping lists accurate. Beyond the technology, Quest drivers who deliver lab supplies to doctors' offices will be Continue reading >>

Blockchain Development Service Providers

Blockchain Development Service Providers

Blockchain Applications Development > Blockchain Applications Blockchain is the technology behind Bitcoin and other types of cryptocurrencies. It's a decentralized ledger technology that records data securely across a peer-to-peer network.Blockchain Technology has a great potential to revitalize the FinTech industry and it has turned out to be a game-changer in the field of digital remittances. Blockchain provides a secure, robust and transparent Peer-to-Peer network protected by the most advanced form of cryptography. Blockchain stores data in a series of blocks that are electronically linked together and are cryptographically secure. Each block has a specified size limit and stores some amount of data depending on this size limit. Blockchain can be used in multiple domains while it primarily finds its use in the FinTech industry where it stores transactions pertaining to the cryptocurrencies. All the transactions in Bitcoin and other cryptocurrencies are stored on Blockchain. Apart from that, it also stores the public and private keys of the users and Bitcoin token holders. Oodles Technologies is a prominent name in Blockchain Development. We have a seasoned team of JavaScriptApp Developers with vast experience in Blockchain App Development and Cryptocurrency Development . We also create Peer-to-Peer wallets and multi-sig wallets for popular cryptocurrencies like Bitcoin, Litecoin, Ripple and Ether. We have extensive experience working with various clients worldwide in the Online Cryptocurrency Development domain. We offer the best-quality services for Blockchain. Continue reading >>

Blockchain Technology | Microsoft Azure

Blockchain Technology | Microsoft Azure

The more replicas there are, the more authentic the ledger becomes. Microsoft is bringing blockchain to the enterprise, working with customers, partners, and the blockchain community to continually advance its enterprise readiness. Our mission is to help companies thrive in this new era of secure multiparty collaboration by delivering platforms and services that any companyincluding ledger startups, retailers, health providers, and global bankscan use to improved shared business processes. As an open, flexible, and scalable platform, Azure supports a rapidly growing number of distributed ledger technologies that address specific business and technical requirements for security, performance, and operational processes. Our Data and AI platform provides unique off-chain data-management and analysis capabilities that no other platform offers. And the vast Microsoft partner ecosystem extends the capabilities of our platforms and services in unique ways that fit specific workload and industry needs. Azure provides a rapid, low-cost, low-risk, and fail-fast platform for organizations to collaborate on by experimenting with new business processesand its all backed by a cloud platform with the largest compliance portfolio in the industry. Get started on the blockchain that best fits your scenario with our easy-to-deploy templates for the most popular ledgers. Whether you're modeling your shared process through a single-member proof of concept or building a multimember consortium, we offer tools that reduce the time you spend building and configuring your blockchains network infrastructure, so you can focus on building your workflows and smart contracts. Build and connect distributed applications, and integrate Blockchain with the cloud services and tools your organization alrea Continue reading >>

Top 10 Blockchain Solution Providers - 2017

Top 10 Blockchain Solution Providers - 2017

Top 10 Blockchain Solution Providers - 2017 Blockchain has arrived at the global stage as a major disruptive force. With the vigor to trigger a paradigm shift in the existing workflow, blockchain is fast permeating into the core of corporate strategy. As the power of blockchain beguiles more organizations, several of them are vetting blockchains real potential, and are continuing its exploration. The decentralized and distributed nature of the blockchain supports collaboration and trust in the online space. The corollary of these new possibilities is that businesses can be streamlined by eschewing intermediaries and doing business with confidence. As the compliance mandates grow more stringent in the areas of security, blockchain certainly emerges as an ace in the hole. What is more, the governments role in enforcing blockchain based payment methods is gradually increasing. Regulatory requirements have already been formulated to facilitate blockchain adoption. This progression will create new grounds for blockchain innovation which entails a new world driven by trust. Furthermore, intuitive blockchain solutions that challenge the status quo are already entering the market. In this scenario, to help CIOs find the right blockchain solution provider, a distinguished panel comprising CEOs, CIOs, analysts and the Capital Markets CIO Outlook editorial board has selected the leading technology companies in this arena. In our selection, we looked at the vendors capability to deliver cost-effective and flexible solutions that cater to the pressing needs of todays businesses. We present to you Capital Markets CIO Outlooks Top 10 Blockchain Solution Providers 2017. Continue reading >>

Blockchain Technology

Blockchain Technology

The Know Your Customer (KYC) verification process is typically associated with financial services subscriptions, such as opening a bank account or purchasing an insurance product. In particular, this type of verification allows service providers to: Verify the true identity of the customer; Protect themselves in the event that the customer uses the services offered for criminal purposes. The implementation of a blockchain ledger allows identity managers to certify the attributes that make up the identification profile of each user, on a decentralised register. This is particularly beneficial to service providers which, after receiving authorisation from customers to access their digital identity, are able to independently carry out due diligence activities. That's mineRegister and verify the ownership Property: a Blockchain accelerator manages the change of property ownership, in other words the transfer of ownership of any digital or physical asset (e.g. vehicles, equity, houses, etc.). Through the registration of a transaction in the Blockchain register, the identity of the seller and the buyer, the unique identifier of the asset and the time stamp associated with the transaction are guaranteed and cannot be modified. Voting: in contexts that require a high level of transparency and security, such as voting in public ballots (e.g. to express a preference in a survey), the Blockchain technology relies on crypto currencies to guarantee both the legal certainty of the vote and the transparency of the process. Ticketing: ticketing and couponing systems are highly complex. Furthermore, the risk of distributing counterfeit tickets is a major problem even for the more advanced and modern systems. Through the use of a web platform that exploits the specific features of Block Continue reading >>

30 Companies Providing Enterprise-grade Blockchain Solutions

30 Companies Providing Enterprise-grade Blockchain Solutions

30 Companies Providing Enterprise-Grade Blockchain Solutions The LTP Team has been following the blockchain-focused ecosystem for quite a while now and have seen very interesting a promising players providing solutions for authentication , blockchain-as-a-service , open-source blockchain , application development , mobile wallets , compliance , trading, and investment , etc. This time, lets look at some of the most promising blockchain companies providing enterprise-grade solutions: AlphaPoint Distributed Ledger Platform is a private, permissioned protocol that leverages the inherent benefits of the blockchain immutability, strong cryptography, instantaneous clearing but makes significant improvements. Unlike traditional blockchains, ADLP allows firms complete control over their data and acts as a general-purpose platform for deploying financial applications. Applied Blockchain is a blockchain applicationdevelopment company, focusing on DLT and smart contracts. Based in the Level39 FinTech Accelerator in Canary Wharf, London, Applied Blockchain has developed a blockchain agnostic application and privacy framework that sits on top of any underlying blockchain platform to improve development efficiency, add workflow functionality and future-proof solutions to work with the best available technology. Avalanchain offers a Data-as-a-Stream blockchain platform. Enterprises can create as many Chains as they like with each Stream being a separate Chain of digitally signed events. BigchainDB allows developers and enterprise to deploy blockchain proof-of-concepts, platforms and applications with a scalable blockchain database, supporting a wide range of industries and use cases. Blockchain Foundry offers scalable, secure and robust enterprise blockchain platform for prototyping Continue reading >>

3 Companies Leading The Blockchain As A Service (baas) Revolution

3 Companies Leading The Blockchain As A Service (baas) Revolution

3 Companies Leading the Blockchain as a Service (BaaS) Revolution For a long time in the blockchain space, we have seen a wide range of financial and non-financial applications as well as an array of promising companies leveraging the distributed ledger technology. Blockchain certainly doesnt suffer from the lack of attention from banks and entrepreneurs, which explains the pace of adoption and experimentation. Not only banks but former pure tech players like IBM and Microsoft are also exploring the opportunities blockchain presents. Let's look at three examples of BaaS solutions taking enterprise-grade experimentation with blockchain to a whole new level. Ethereum Blockchain as a Service by Microsoft Azure In November 2015, Microsoft and ConsenSys entered a partnership to create Ethereum blockchain as a service (EBaaS) on Microsoft Azure. The service is aimed to empower corporate clients, partners and developers to experiment with distributed ledger technology by offering them a single-click, cloud-based blockchain developer environment. Image source: Introducing: Ethereum Blockchain as a Service (EthBaaS) According to the official website, EBaaS by Microsoft Azure and ConsenSys allows parties to play, learn and fail fast at a low cost in a ready-made dev/test/production environment. In addition to the opportunity to experiment, it allows them to create private-, public- and consortium-based blockchain environments using industry-leading frameworks very quickly, distributing their blockchain products with Azures World Wide distributed (private) platform. Cortana Analytics (machine learning), Power BI, Azure Active Directory, O365 and CRMOL that accompany the service can be integrated into apps in order to create the next generation of decentralized cross-platform appl Continue reading >>

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