Healthcare Behemoth Develops Blockchain-Based Technology Solution for Healthcare Data


The second most prominent health insurance firm in the US, Anthem, has announced its intentions to use blockchain technology in securing medical information of its 40-million-strong customer base by 2022.

It was announced by Forbes on the 12th of December that Anthem aims at using blockchain technology to provide its customers with secure access to their medical records while empowering them with the ability to give out that information however they want.

At a Forbes Healthcare Summit in New York, the Chief Executive Officer of Anthem, Gail Boudreaux, stated that blockchain provides a reliable solution for issues that used to be a course of worry. He went on to say that their customers now had the means to share private information autonomously.

The firm is trying out a beta program with a small group of customers, who can grant access to their medical records to several healthcare providers for a set period, by scanning a QR code with a mobile application.

The Chief Digital Officer at Anthem, Rajeev Ronanki expressed that this was a groundbreaking development in the healthcare sector. He put it simply by stating that they were practically producing an authorization system that would afford customers the luxury of “owning” their medical records and the ability to distribute that information to any providers they deem fit.

The healthcare behemoth aims at releasing the new blockchain-supported system in multiple stages starting from 2020.

Anthem Collaborates with Multiple Corporations to Produce Fine Tuned Blockchain Operation
At the start of 2019, Anthem collaborated with Aetna, PNC Bank, and IBM to design a healthcare-oriented blockchain operation.

At the time, an administrator of PNC commented that producing a blockchain solution could solve issues that have been plaguing the sector like administrative expenses, repetition of information, and overall resistance in service progress.

Regardless, health insurers and other industry players are constantly researching ways to harness the advantages that blockchain technology provides.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.