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.

 

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.