Blockchain Company Gem Aims at Healthcare Industry

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The International Business Times is reporting that Blockchain startup Gem  has cut deals with a number of partners in the healthcare sector in which its shared ledger and data security platform is taking use cases from prototype to production.

Gem CEO Micah Winkelspecht told the IBTimes:

“The healthcare industry is looking at how they can use blockchains in a number of ways: to transport medical records from provider to provider and build those sorts of networks; as well as how they can use health data generally to incentivise people to be healthier, to build reward systems around healthy behaviour using IoT [Internet of Things] devices, all sorts of stuff.”

Founded in 2014, Gem raised $2 million in seed funding for a bitcoin API product aimed at industry developers. But appeared to pivot in late 2015 and by early 2016 Gem was advertising its service as an Blockchain API. Gem kickstarted 2016 with a $7.1m Series A.

Gem says they under NDA with a number of companies in the healthcare space and announcements are imminent according to IBTimes and the goal is to create a golden record of health data that is secure and transferable.

“We are doing on-site education with key stakeholders in the space. We are helping them to identify use cases in their businesses and ultimately build those out all the way from a proof of concept to production applications. We are doing that for several companies in the space, added Winkelspecht in the report, written by Ian Allison.

 

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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